Ka-ching! Increase your home's value with these 5 tips

Whether it's upgrading your kitchen space or just sprucing-up the garden, there are a number of things you can do add value to your home. With that in mind, here are a few tips you can use to grow your investment.

Before you begin

  • Before deciding to do any major upgrades, make sure you do an inspection of both the inside and outside of your home. A thorough examination will help you determine which areas are in most need of repair. Any parts of your home that need serious attention, such as plumbing or electrical issues, need to be taken care of no matter how small they may seem. Even the smallest defects are noticeable by potential buyers and can be a major turnoff.
  • Don’t forget to call your insurer! Before you start with any major upgrade, consider how these renovations will affect your insurance needs, both during and after renovations. Alterations or renovations may affect the value of your home, which in turn may have implications on your policy. Read our previous post on why you should call your insurer before renovating.

Where to start renovating

1. Upgrade the “functional” rooms

A definite way to add value to your home is to upgrade the kitchen and bathroom.  Although this can be expensive, adding new fittings like lights and tap fixtures are great ways to add value. If your budget allows, consider upgrading kitchen counters or installing new flooring to really enhance the space. Replacing door knobs and cabinet pulls can really transform an old bathroom.

Remember, the kitchens and bathrooms are the most important places in a home; therefore, any money you put into these rooms will be worth your while when it’s time to sell.

2. Create space

Knock out a non-structural wall, or even remove that huge kitchen island. Anything that opens the space and creates a sense of flow in the house will result in spaces that are not only light and airy but gives the home a more contemporary look and feel.

3. A lick of paint

The easiest way to breathe life into your home with a fresh coat of paint. If you are painting with potential buyers in mind, it’s important to stick to a neutral palette of hues. Also make sure that any walls with chipped paint or cracks are repaired and touched up with the appropriate shades. The right paint colour can make a space appear larger than it really is, so keep that in mind whenever deciding to repaint.

4. Add light

Adding more light sources can really enhance a home’s interior appeal. Consider replacing old fixtures and adding extra light sources.

5. Landscaping

The outside of a home is the first thing potential buyers see, making it one of the most important areas to keep clean and attractive. A quick trimming of trees and plants can go a long way to improving the outside look. Planting a few trees can really give your home the extra edge that buyers are seeking.

By taking a few extra steps, you can give your home that extra appeal it needs to sell on time and at the right price.

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