Many people think buying a home is an investment, and that it will increase in value over time. This is not always true. The value of your property is a combination of many factors, like the location, the condition of the house, and the quality of the neighbourhood. If you want to increase the value of your property, there are many things you can do.
In this article, we will explain how to increase the value of your property.
Give Your Property A New Colour
A newly painted home will win the buyer’s hearts. It is an economical way to modernize your property. Complete the look with a new carpet in a complementary colour of your fresh coat of paint. Renovation gurus, like Livia Gamble, say painting is a classic example of getting maximum benefit without going broke. Consider newer cushions, bed covers, and drapes, along with trendy showpieces.
In a study by the American Housing Survey, the property value of homes with a fresh coat of paint increased by 2.2%, while homes that were painted in the previous 12 months saw a property value increase of 2.3%.
Homeowners who are looking to sell their property in the future may choose to paint the exterior of their house, rather than invest in a full remodel. A simple paint job can make both the interior and exterior of your home look presentable, greatly affecting the way potential buyers perceive your house.
Make Use Of Unused Space.
A lot of interior designers and home decorators agree that if you are going to make use of unused space in the house, you could very well boost the value of your house by a considerable margin. For example, if you are going to be leaving the unused room empty, you can get it converted into a home office or a small yoga studio.
Either way, it is going to be a completely unique space that is going to attract a great deal of attention. In addition to that, you can also make use of the unused space in the attic and convert it into a small studio apartment. It may not be the ideal setup, but it will still be a great place to sleep over when you need to.
Spruce Up Your Outdoor Area
Improving an outdoor area can be one of the best investments you can make when it comes to increasing the value of your property. The reason for this is that the outdoor area is an essential part of your home, and people will pay a premium to have a great outdoor area. The first thing to do is to consider the size of your outdoor area. A larger space will be able to accommodate more furniture, more plants, and an overall increase in appeal. However, keep in mind that you need to make use of the space still. A one-person garden is useless, so plan accordingly. Secondly, you need to think about the plants and the furniture that you’re going to use in your outdoor area. Plants bring life to the area, and there is a wide variety of plants that could be used, depending on the type of environment you’re trying to create.
Improving your outdoor space can be an easy way to increase the value of your home. Your outdoor area can be a place where your family relaxes, or it can be a place to entertain guests, but either way, you are increasing the value of your home, and creating a more enjoyable environment.
After all, Aussies are well-known socializers!
Installing New Appliances
The first thing you need to do is look at what appliances are currently in your home. If you have older appliances, you may want to consider replacing them with new, more efficient appliances. Not only will newer appliances be more efficient, but you could also get a bump in value for your property by installing new appliances.
For example, A new refrigerator in the kitchen can lift the value of your home by $4,000. An updated dishwasher or stove can add $2,000 to the value of your home. A new bathroom with a well-designed shower and countertop can add $15,000 to the value of your home.
Improve Your Decor & Interior Design
If you want to maximize your home’s value, it’s important to keep it looking its best. While outdoor landscaping can help attract buyers, your home’s interior also plays a key role in its value. The overall decor and interior design can have a major impact. In addition to interior paint, it’s important to dress up your home’s windows, doors and other design elements. Getting the right furniture is also important. There’s a lot you can do to improve your home’s decor and interior design.
Now how to translate that into a winning sales pitch. Improving your home’s interior decor and interior design may be the best way to give your home the distinction it needs to make a sale. Homes that have a distinctive look stand out among the competition, especially in an age when buyers can use websites such as Domain.com.au & Realestate.com.au, to search for a home that perfectly suits their needs. By making home improvements that are consistent with your area’s current design trends, you can make your home seem more valuable and appealing.
When it comes to increasing the value of a property, there are a lot of things to consider. The location of the property is probably the most important factor, and big-ticket improvements such as adding an extension may be out of the question for some people. But there are still plenty of things you can do to increase the value of your property as mentioned in the article.