If you plan on putting your home in the market, there are several ways you can add value without breaking the bank. The key is focusing your home improvement efforts on the areas with the highest potential to generate returns on your investment.
Most property experts list the kitchen and bathroom as among the vital renovation areas that can easily increase your home’s value. The property’s façade – which is the first thing potential buyers see when they check out your home – is another location that can stir buyer interest.
However, if you are looking to renovate your home to raise its value, it is advisable that you consult your real estate agent beforehand to make sure you do not overcapitalize. Going overboard with your upgrades may increase the value of your property well beyond what buyers are willing to pay to live in your area.
Before investing time and money into a project, experts recommend starting small – especially if you are uncertain if the renovation will reap the expected reward. Here are eight simple home improvement tips you can do to instantly add value when selling your property.
1. Apply a fresh coat of paint
Painting is one of the quickest and most affordable ways to give your home a facelift. Freshly painted rooms can make your home look newer, which is often a big plus for potential buyers.
2. Update the window coverings
Window treatments are often excellent insulators that prevent warm or cool air inside the house from seeping outdoors – but you can also use these window coverings to elevate your home’s style. You have a variety of options, including blinds, curtains, drapes, shades, and shutters.
3. Focus on flooring
The flooring is another feature that can greatly influence the perceived value of your home. If you have floors that are outdated or damaged, by replacing them it is a simple way to make this part of your house look brand new.
4. Revamp the entrance
When selling a property, creating a positive first impression is one of the most crucial keys to success. A well-cared for home that emanates warmth and freshness is attractive to potential buyers, especially for those looking for a place to call their own.
5. Spruce up the garden
Good gardening and landscaping tell a lot about a property. These are among the first things a buyer sees when they visit your home and are a great indicator of how well the property is cared for. Sprucing up a garden is also among the areas of home improvement that can instantly add value to your home.
6. Invest in outdoor areas
The Australian climate is so inviting for spending time outside, As a result, people are now investing in the backyard as if it’s one of the most important rooms in the home due to size, scalability, and lifestyle benefits.
7. Kitchen and bathroom renos
In terms of home renovations, kitchen and bathroom upgrades have the most impact in home value as these are high-use and high-traffic rooms, according to experts. The kitchen is one of the most important communal areas of any home, Buyers want a functional workspace that includes modern appliances, attractive taps, and good cupboards and bench-tops.
f you have been thinking about a renovation then give the team at All Safe WA a call for an obligation free chat.