Maximising your property's value
It’s the little things
Sometimes the simplest things have the most impact: replacing door handles, kitchen cupboard handles and light fixtures is a cost-effective means of modernising your home and adding value.
It’s surprising the difference a fresh coat of paint can make in a home. It easily revives and brightens a tired space. If your budget is limited, try painting a feature wall to add depth to a room.
Tired kitchens or bathrooms can easily be updated by changing a portion of the room rather than undergoing a full renovation. Simply updating the flooring, retiling the walls, fitting new appliances or changing out the countertops can change the entire look of a room.
Declutter and deep clean
Try walking around your home and viewing each room through the eyes of a stranger, identifying those items that are simply taking up valuable space. Then, tackle one room at a time, separating your necessities from the things you really don’t need.
Put away any items that have crept out of their storage space like coffee cups or piles of laundry.
Recycle any paper, plastic or glass.
Fix any broken items or throw away anything beyond repair.
Find a charity or someone in need and donate those items you no longer need.
A deep clean of your home both inside and out, tackling all of those tasks you usually avoid, can have an immediate return on the value of your property.
While it may be your goal to grow your wealth by investing in property, it’s worthwhile remembering not to overspend on renovations where you won’t see a return on your investment.
Before you consider any type of renovation, do your research on the area you’re in to determine how much your property may be worth after renovations. That will give you a good idea of how much you realistically should spend. Or call me over for free advice on getting your home ready for market.