You no longer need expensive renovation budgets and access to the latest experts to transform your home and add value on auction day.
In fact, with some minor tweaks, you can ensure your real estate agent helps you get more back when it comes time to sell, without having to pump tens of thousands of dollars in the upfront.
Before we get into the tips on how to maximize the value of your property, it is important to understand one thing – the location and size of your home will play fundamental roles in how much you eventually get.
But that does not mean you cannot add to the value with some smart and modern approaches.
So if you’re ready to give your home a cost-effective and value-building makeover, here’s what you need to know before you start selling.
One of the most affordable ways to make your house more appealing, and potentially more valuable, is with a fresh coat of paint. You will be amazed by how colors can change your entire perspective, especially when you use them right. And you do not have to paint the whole house. Selected walls can go a long way in terms of increasing appeal.
There is no getting around the fact that buyers are looking for storage space. And the more storage you can offer, the better the chance of negotiating a higher price. Get creative with open shelves in the kitchen, as well as the bathroom and even the laundry area. Even something as simple as hooks behind the doors can sway a buyer’s mood in the direction you want.
According to social media manager Diego Varoli, you can learn from your office storage options and replicate that in your home to add value. He says “working in an office there are limitations to our available space. We overcame this by adding wall racks to hang office supplies, freeing up room in cupboards. You can do the same at home, for example, add wall racks in the kitchen to hang large items, and you’ll open up your kitchen cupboards considerably. If you’re unsure of what steps to take, chatting with a professional like Tom from Yes Property Agents can help add tons of value.”
Do not limit your options to the interior of your home. Because you have an exterior area you can work with as well. The garden complements the house, and if you use the outdoors for entertainment purposes, you can add it to the value of the home.
For a simple outdoor entertainment tip, the domestic expert’s Removals say “an outdoor space is functional and beautiful. Adding space and providing an area to entertain, one of the common challenges comes from insects. While most people think of Citronella candles, you can also use eucalyptus scents which bugs also hate. So your outdoor space can look – and smell- amazing.”
Many people prefer gas heating and appliances when compared to electrical, and for several reasons. In addition to being more environmentally friendly, gas stoves provide instant and even heat. Some also consider the gas alternative more cost-effective.
There are certain rooms of the house that can easily help to add value – the kitchen and the bathroom. But there is no reason to invest in a complete renovation when small changes can do the trick. Replacing the old taps with new ones, cracked tiles, door handles, can make a significant difference.
The same goes for your home’s exterior. According to the concrete specialists from KJ Concreting “small changes like a stamped concrete driveway create a visual pattern that turns heads. These cost-effective options are about attracting the eye, and adding layers of exciting and transformative beauty on top of the same functional purpose. In short, less is massively more.”
To be honest, the view of the house from the street is not going to add value – directly. But you can consider it the first impression you make on the buyer. And if your first impression is good, there is a possibility for selling higher. Thus, consider investing some time and effort in the exterior view from the street.
According to the gutter installation experts from Brian Thurtell Plumbing, “adding new gutters to your home strikes the balance between functionality and aesthetics. Many homeowners are making minor tweaks, like matching gutter colours to roofs and walls, to create homes that stand out. All these small tweaks add up when it comes time to sell.”
Do not clutter the space you intend on selling. Instead, strategically use decor and furniture to create a welcoming atmosphere. Remove all personal items and make sure the buyer can see themselves already living there.
Finally, you can definitely add more value to your home by adding a granny flat or pool house. And while it might be somewhat costly now, you can comfortably add the costs to the selling price, along with something extra to use on your new home.