Four simple ways to increase your property’s resale valueby Wealth Architects / 17.07.2018
Everyone dreams of investing in a home or business that will fetch them more money than they originally bought it for. Here’s how to roll-up your sleeves and get started.
Making the appearance of your property desirable is critical because yours will be among a long list of properties that a potential buyer will see.
So how do you make your property stand out from the pack?
Well, by implementing a few of the below affordable steps you may not only raise the appraisal value of your property – but maybe a few eyebrows too.
1. Kitchen and bathroom upgrade
The kitchen and the bathroom attract the most scrutiny from potential home buyers and can make or break a deal.
Therefore, you should consider allocating the larger chunk of your remodelling budget to these spaces.
If your budget allows for it, consider installing new modern sinks, updating the countertops and replacing old cabinets.
2. Improve energy efficiency
Buyers will generally be willing to dig a little deeper into their pockets for a home that will help them save on energy costs in the long run.
So hire a Level 2 electrician to inspect the property and try to follow their recommendations to the letter.
You can install appliances that have positive energy conservation ratings and also replace old windows with ones that have a durable sealing. New modern doors and increased insulation can also boost energy efficiency in your home.
3. Give it a fresh coat of paint
Painting can make a property look and feel new. Who wouldn’t want to buy a home or business that’s ready for them to move in immediately?
However, go for neutral creams and whites that will suit most people’s preferences and avoid bold colours.
Remember that lighter shades like beige and white give the impression of spacious rooms.
4. Enhance curb appeal
The appeal of your property, when viewed from a distance, is important.
If it looks abandoned and gloomy, then it needs work to make sure it ready to greet its new owner.
You can make cosmetic improvements like trimming overgrown bushes, mowing the lawns, planting grass on bare areas and growing flowers.
Property improvement should not cost you too much if you focus on the critical areas that appeal the most to buyers. It also helps to think of the above ideas as adding to your investment – not an expense.
If you’re unsure where to start, or would like some extra tips, don’t hesitate to get in touch.
We understand precisely what residential and commercial buyers look for in a home and investment property respectively, and would be more than happy to help out.