You’ve probably been reading a whole bunch of doom and gloom about the property market being in a slump. Despite this back drop you can rest assured that its not the end of property as an investment. Instead, property values may simply returning to the levels seen in 2016.
The good news is that with a bit of creativity you may be able to increase the price of your property.
And there are key things you can do to improve the value of your home or investment property.
Below are three ways you can increase the value of your property, without breaking the bank.
1.Gardening and landscaping
It’s time to get those hands dirty!
The good news is that one of the fastest ways to increase the ‘wow’ factor of your property is to give it a good manicure.
Green is in. Gardening can be relatively cheap, costing only a little time and creativity to trim any overgrown bushes and redo the garden bed.
If you don’t have the tools for the job, or you’re simply more of an indoors person, consider hiring a landscaper to help out.
2.Fresh paint and new designs
One of the best ways to make the interior of your house feel fresher is to call in the painters. Employ an interior designer to give you a fresh new palette of colours to brighten up your home.
The same goes for artwork. Make your home stands out by giving it a bit of character, and it’s not like you have break the bank for an original Olsen.
There are hundreds of talented local artists selling art – and you can also rent artworks. Your designer will be able to assist with art selection.
There’s nothing worse than stepping into someone’s home and having to walk on dirty and stained floor coverings.
It is a sure way to make a perspective buyer immediately uninterested and they’re likely to wonder what’s wrong with the other aspects of the house that they can’t see.
Having a fresh and modern platform for a prospective buyer to stand upon can make a big difference. You can pick up new floors either from your local hardware store or online.
So, if it’s within your budget, consider giving this part of your property a makeover !
3.Bathroom bonanza and my kitchen rules
The bathroom and kitchen are often rooms that a make or break a property.
If your bathrooms are moderately new, pay some professional cleaners to come in and get the place sparkling.
Similarly, there’s no need to rip out the whole kitchen. Look at ways you can revitalise it with minimal expense such as replacing old cupboards or bench tops.
For timeless appeal, use a white or neutral palette and layer with quality fittings and fixtures that complement the rest of your home.
The final word
Remember that property improvement shouldn’t cost you more than the value you’re hoping it will add.
It also helps to think of some of the above ideas as adding to your investment – not an expense.
If you’re still unsure where to start please don’t hesitate to get in touch with us to assist you.
Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.