Satya
Investing in property is always a smart move because you don’t only get to live in your own home, but you also have the opportunity of gaining some profits should you choose to sell it in the future.
But did you know that there are ways to increase your home’s value further so that you can sell it at an excellent price later on? If you’re going to invest in improvements, additions, and renovations, make sure you choose these things that add value to your property once you have it valued by experts:
Extend Your Usable Square Footage
Square footage is the first number that potential buyers look at when checking out a property, and more people will prefer homes with more livable square footage. So, if you’re thinking of doing a home improvement project, it’s best to add an extra living space in and outside your home.
For instance, you can add a bathroom in your guest room, create a study or office and even add an American barn if you have a huge backyard. Having another functional space that not all homes have will surely make your home more attractive to buyers, so you won’t have a hard time selling it in the future.
Re-paint Your Home
If you don’t have the money for a major renovation just yet, then repainting your walls would be the most cost-effective improvement that will add value to your home. A freshly painted house looks and feels brand new, making it more appealing to potential buyers.
However, you need to be mindful of the colours you choose. According to experts, neutrals tend to be the most attractive to buyers since they give a space that luxe feel. While you can add pops of colour here and there, sticking to neutrals makes your home more relatable to potential buyers since not all people prefer loud colours in their home.
Invest in Energy Efficiency
With inflation rates soaring in Australia, homeowners are looking for ways to lower their utility bills. This is why a lot of buyers tend to choose homes that are already energy efficient. So, if you’ve been thinking about investing in energy efficiency, this is your sign to do it.
For instance, Australia is sunny most of the year, so an HVAC is essential to every home. But you can save money by investing in a smart thermostat that will allow you to control your home’s temperature no matter where you are. So if you forgot to turn off the air conditioning unit, you can just do that from your mobile phone. According to research, a smart thermostat will actually help you cut down up to one-third of your energy bill, which is a significant amount if you look at it in the long term.
Another way to make your home more energy efficient is by investing in solar panels. This will help you produce your own electricity, so you can keep your utilities low – and even zero. Although these are significant investments, they will not only help you lower your bills significantly, but they will also make your home more attractive once it’s on the market.
Wow From the Front
Before anyone enters your home, they’ll look at your driveway and front yard first. So if you want to impress guests and potential buyers, wow them from the moment they stop in front of your house. Make sure that your driveway is well paved and clean, and if you have the luxury of having a front yard or porch, make sure that it’s designed properly to blend in with the rest of your home’s exteriors.
Invest in a Beautiful Kitchen
If you only have the budget to improve one area of your house, make it the kitchen. According to real estate experts, the kitchen is often the main focus of potential buyers that a lot of them decide to buy a house based on what they see in the kitchen. Now it doesn’t matter if you have a huge or small kitchen. What you need are three things—storage, organisation and enough space.
You should have good quality cabinets to keep kitchen appliances and other things that you use for cooking. Good quality appliances will also make your home more attractive to potential buyers. But if you have a limited budget, you can still spruce up your kitchen by replacing handles, repainting cabinets and adding lighting to this part of your house.
Create a Beautiful Backyard
A lot of homeowners think that adding a swimming pool is the best way to make their backyard look more attractive to buyers. But did you know that having a pool isn’t actually the best investment if you want to add value to your home? Most buyers want to purchase a home where they can use every inch of space they’re paying for, and in most cases, that doesn’t include a pool. Having a pool at home is also very expensive to maintain, which adds to home expenses that most homeowners don’t want.
But having a beautiful garden and outdoor living space in your backyard will instantly make your property feel comforting and homey for homebuyers. In this busy world, a lot of people look for ways to escape the city without actually leaving, and the next best thing they have for a holiday is relaxing in their beautiful backyard.
Even if you’re still not planning to sell your house soon, you can start planting trees to give them enough time to grow and make your backyard look full and lively once you decide to put your property on the market. You can also invest in landscaping so that your garden looks more polished. A lot of buyers also love properties with functional gardens where they can grow their own food and cut down on their grocery expenses. And if you’re lucky enough to have a huge backyard, adding a barn will allow you to raise animals that will surely make your property look more attractive.
