Monday, July 12, 2010

Add value through renovation

Regardless of whether you plan to sell your property now or years into the future, some simple home improvements will not only add value to your property, they will also increase the quality of your day-to-day home life.

The first and perhaps most important method for increasing your property’s value is to de-clutter – which will instantly give the impression of a bigger property, more spacious property.

And the best aspect of this strategy is that you can do it yourself for free, or you can spend less than $500 and a professional will do it for you.

Another hip-pocket friendly value-adding strategy is to install a sky light.

A home awash with natural light looks bigger than one with artificial lighting. Moreover, a skylight or solar tube will also lower your energy bills.

Also focus on the exterior of your home
First impressions can make or break the sale of a house. If your garden is unkempt, or if you have a wonky front gate or slippery pavers, your property’s value can decrease significantly.
So make sure everything outside the house is working, serviceable and as liveable as the inside. A new mailbox or welcome mat can be purchased for under $30, for instance.
Colourful flower beds or pot plants beside the front door can also give your property a much needed lift while bring a sense of personality to your home.

Top tips for maximising value on a budget
  • Replace the fixtures in your bathroom
  • Paint, paint, paint. A light cream or off-white can make your house seem more spacious
  • If first impressions count, a nice front door is a must. For a couple hundred dollars you can spruce up the entryway to your house
  • Place fresh flowers throughout your house to help brighten even the ugliest room
  • Make the beds. Always keep your house spick and span for the illusion of space

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