As a property owner, making the most of your home is important, and this will reflect in potentially adding value to your home. Whether you’re selling or your property is in need of improvement or upgrades, there are multiple ways in which adding value through simple changes can have a big impact.
This article we are breaking down a few of our proven tips to increase the overall appeal of your home to attract prospective buyers if you have decided it’s time to sell. Yes, we are sharing our DIY tips to add value but it’s just as important for any homeowner to have a clear understanding of their property, where it stands in the market as well as the current market so further reading here to get you started on your next property journey.
- Fresh Coat of paint
One of the most effective and inexpensive ways to add value. A new colour scheme or feature design can give a property the feeling of new. Which is an instant lift and brightness to any space for potential buyers.
Another advantage of painting is hiding old dirt, holes, and scuffs on the walls. Not only are you covering up the imperfections that will detract the home’s value, by adding a fresh coat of paint you are increasing the resale rates for future buyers that are looking for specifics in their property.
Here are a few considerations to keep in mind:
- Colour, a fresh coat of paint makes the property more welcoming and attractive, a bright colour for your door will have your property stand out from the rest. –
- Trimmings, painting are important, but don’t forget the window frames and doors to give them a new lease on life as well.
- Timing is everything when you decide to sell. It’s important that you pick the right time to paint, in order to avoid delays that might cost you money down the road, because of missed opportunities for buyers or renters.
- Small repairs or upgrades
It’s easy to think of property valuations and real estate as big-ticket items, but it’s important to remember that small, inexpensive projects go a long way and make a difference to your property overall.
Keep in mind, it may not be viable for you to make big changes to your home right before selling. These renovations or major upgrades can be expensive and time-consuming. And it’s not always guaranteed that the money you spend on these projects will translate to an increased value.
We recommend that you focus on smaller projects and repairs. These smaller finishes will make your property feel current and new and will save you money. Stay on top of repairs and upgrades from time to time and this will contribute to holding its value in the future.
- Garden maintenance
Many homeowners tend to overlook the garden when they think of upgrading their home. The most commonly asked question, does landscaping increase property value?
The garden should be the first thing you consider when it comes to upgrading your property. Investing time and money in caring for your garden will pay off when it comes time to sell. The appeal of your property is important as this is the first impression any person or prospective buyer will have on your home.
- Utilising Space
To maximise your number of potential buyers, then finding ways to utilize space would be worth considering. We all have perfected the layout of our homes to fit our lifestyle, however when selling you need to disconnect yourself from the property and view it from fresh eyes.
Try rearranging things in a way that shows off the potential of the home and each particular room, don’t think of how you would like it to think about how it can appeal to a larger number of lifestyles giving prospective buyers a look into all the possibilities the property has.
Lastly, technology plays a big role in our everyday lives, it becomes part of a household’s everyday running. Homes with smart devices and more affordable access to the internet will have a change to home décor as well as increasing the property of the home.
Smart homes are the increasing interest for potential buyers and what they look for in homes. Taking the opportunity to add technology to your property is a way you can show off all the home’s best features and you’re keeping up to date with the market today.
“The wow factor”, creating a point of difference which makes your property stand out from the crowd!
When it comes to selling your home and how you prepare, you will need to ensure you are doing everything you can to maximise the potential value of your property. Appealing to potential buyers is an important part of this process.
A pre-sale property valuation is an essential tool for any homeowner to have when they are preparing to sell their property. The valuation will give an accurate and current fair market value, in addition the report of the valuation will provide information and data analysis of what the market conditions are, previous sales within the area, and what impacts the value of your property, from location, conditions, and improvements.
Keep in mind that when choosing a valuation service for your property you want to make sure you choose an independent property valuer that is certified and qualified in all property related purposes, guaranteed to help you make informed decisions during the process of selling and deliver the best outcome for the future.
Adam Smith is an expert property valuer with decades of experience working within the Adelaide real estate market. With his specialised skill set in large scale Residential, Commercial, and Industrial property valuations, Adam is dedicated to sharing his knowledge by engaging in industry education at conferences and seminars. Adam is a Certified Practising Valuer and an Associate Member of the Australian Property Institute (API).November 11, 2021