I had a close friend in high school whose mother would buy a house, increase its value through renovations and upgrades, and then sell the house for a much higher price. That was pretty much her full-time job. I remember speaking with her at the time about the ways in which she increased the value of the house, and I remember thinking “Wow, what a great idea!” Albeit, my friend had to move every couple of years which was a bit of a pain for both of us, but it was a terrific way for his family to increase their wealth.
There’s no doubt that buying a property is a great investment. Whether you’re thinking about selling the family home, or selling an investment property, there are some simple and easy ways to increase the street value of your home.
There are some things that the vast of majority of buyers are looking for; a beautiful yet low maintenance garden, privacy, modern interior, and a nice bathroom and kitchen. Of course, there are other aspects that potential buyers will be looking for, but if you follow this simple guide to increasing the street value of your home, your return on investment will certainly increase.
A fresh lick of paint on the inside and/or outside of your home is a cheap and easy way to give your home a quick facelift. Potential buyers may not know that a room has been freshly painted, however it will add a warm energy to your home that buyers will recognise. How much of your home you want to paint will determine how expensive it will be, but the return on investment will certainly be worth it. Freshly painted rooms make your property look newer than it is, which is a big advantage for potential buyers.
Kitchen And Bathroom
Probably the two most important rooms in your house is the kitchen and bathroom areas. Potential buyers will be very interested in inspecting the quality of the kitchen and bathroom areas when looking for properties. Simply updating these two areas will add thousands of dollars to your property’s value. Whether it’s adding a new kitchen bench or cupboards, or replacing the toilet and sink, simple tasks like these will significantly increase the value of your property. It’s important to remember though that when you undertake these upgrades, you must set a budget and stick to it!
The garden is a huge factor for potential buyers. Ensuring that your front and backyard look great gives the appearance that it’s low maintenance, which is a big plus for potential buyers. Adding trees to your property also increases its value, so if pedestrians can see the inside of your house from your street, then adding trees to increase privacy is an excellent idea. Good landscaping such as new lawns, defined lawn edges, and plenty of plants to increase privacy and add a tropical feel also significantly increases the street value of your home. If you’re inexperienced in gardening, then it’s a clever idea to outsource your landscaping needs to qualified professionals such as Designer Garden Landscapes. The appearance of your garden is a huge factor for potential buyers, so getting the advice from professionals can be a huge help.
External Walls & Fences
The first thing that buyers will see when they visit your home is your walls and fences. If they look dilapidated or worn-down, it certainly won’t be a good first impression. And in the real estate business, first impressions definitely count! Most of the time, a fresh coat of paint will make your home look fresh, modern, and appealing. You’ll also want to examine your walls and fences for any visible signs of damage that may need repairing. Weatherboard walls can have panels that may need replacing, or brick homes might need some fresh concrete to fill in some gaps, but either way, these small repairs will certainly increase the street value of your home.
There’s a lot of gut instinct that goes into buying a new home, so small tasks that increase the aesthetic appeal of your house is a fantastic idea to increase its street value. By following the above guide, you can add thousands of dollars to your home’s value, and most of it can be done on the weekend. Whether it’s a new garden path, an outdoor entertaining area or deck or even just fresh paint, you’ll be able to sell your home faster and at a higher price, which is something every seller dreams of!
One of the key points to remember is to ensure that you have plenty of time, a budget, and some good ideas on which areas of your house you will be working on to increase your return on investment the most.