Whether you’re selling or just want to revive your home, it’s always a great idea to look for ways to increase the value of your property. While there are some more expensive renovations that are likely to increase the value of your home, it’s important not to forget that there are some relatively cheap ways as well. To ensure you get the biggest return on investment, look to invest in bigger renovations while using complimentary styling and customisations to enhance them.
1. Add an Additional Room
When it’s done right, adding an additional room to your property can add immense value. Depending on who you build with, what material you will be using and other specifications in the construction and house design, the cost of an additional room can change quite dramatically.
While adding an additional bedroom to a property is a great idea, it requires somewhat substantial investment. It’s important to keep your mind open. Building new rooms such as a small study or additional bathroom can also increase your properties value at a comparably reduced price. Speak to some local building experts and property investment agencies to get ideas of what might be the best option for your house.
2. Install A Custom-Built Patio
Patios are great for all-year-round living, protecting you from the rain in winter, and shading you from the sun in summer. Due to its multi-purpose value, it’s a sort after extra that potential buyers look for when considering if a house is right for them. Patio’s essentially added an ‘extra room’ to the house, at a far reduced-price, compared to an inbuilt additional room.
By investing in a custom-built patio to suit your specifications and house design, you’re able to ensure it matches your home perfectly. Fit it out with a nice outdoor table and chair set, some plants and even some patio blinds to not only impress your house guests but also impress potential buyers. With all our great weather in Australia, custom patios are a fantastic addition to a home, and will likely add immense value to your property.
3. Add A Fresh Coat of Paint
While it is somewhat overlooked, adding a fresh lick of paint will enhance the saleability and value of your home. Buyers want to see a well maintained and complete house they can move into without the need for additional investment or effort.
At a comparably small cost, you can purchase some paint and spend a few weekends painting the bedrooms and living areas. If the outside of your house is looking a bit run-down or faded, you may want to invest a bit more and work on painting the exterior of your home as well.
4. Bring Life to Your Garden
The garden at the front and back of your house can bring some great colour and life to your home. For a small investment, look to purchase some colourful plants and mulch to decorate your front and backyard. The effort you put in to bring life to your gardens will surely pay off.
It’s important to keep your landscaping well maintained and tidy. Make some time during the week or on weekends to do a bit of pruning, mulching and general maintenance. A great way to add more value to your home is to install a garden irrigation system to keep your plants and flowers sufficiently watered throughout the year.
5. Renovate Your Kitchen
It is well known that a fantastic kitchen can sell your house. Kitchens are often expensive to renovate, so it’s important to consider your budget before opting for a full kitchen renovation. However, there are some cheaper ways to liven up your kitchen and dining area which will add value at a reduced cost. Consider installing modern lights, new appliances and cabinets to breathe life into your kitchen and living areas.
One important tip to remember when looking to increase the value of your home is to do your research. Have a look online for the latest trends and smart renovation ideas. Although some jobs you can do by yourself, it’s important to leave the larger scale renovations to the professionals. It may be cheaper for you to work on your house alone, but if you don’t completely understand what you are doing, it could spell disaster.