Fluctuations in property values often inspire homeowners to consider selling their properties or investing in improvements to maximize their home’s potential value. These decisions are influenced by various factors in the real estate market and individual circumstances.
There’s no doubt you stand a better chance of enjoying a great return on your investment by undertaking improvements, especially if they modernize the home.
Buyers are seeking out properties that enjoy a mixture of the traditional and the contemporary, and nothing ticks all the boxes more than a brand new kitchen or bathroom.
But if your budget doesn’t allow for large-scale upgrades, there are plenty of plays to enhance the value of your home at little cost.
Here’s a five-point guide for a focused strategy to boost your price potential.
Break out the brushes
It’s amazing how a fresh coat of paint will improve a property. Don’t focus only on the walls but attend to the skirting boards, ceilings and architraves. Select neutral colors as these make rooms feel bigger. Consider a primary color only for the front door. A bright entrance is the height of fashion right now. Ironically, a jet-black front door in gloss is another popular favorite.
Floor ’em
A home with consistent flooring is a winner. A mixture of wood, vinyl and carpet, or even different types of wood, are distractions and don’t leave buyers with the best possible impression. Consistent flooring gives a sense of flow to a home and can make smaller properties look bigger.
Say it with storage
Today’s buyers put a premium on quality storage solutions. A bedroom without built-in robes is a turn-off for many. So, think about storage options for bedrooms, bathrooms, the kitchen and laundry.
Kitchen capers
Kitchens really do sell a home. If yours is a little tired, don’t worry – you don’t have to rip it out and spend big dollars on a new one. Consider replacing only the doors, drawers and handles. This will transform your kitchen at the lowest possible costs.
Unbeatable bathroom
Like the kitchen, this can be an expensive remodeling project. If you’re on a budget, you can avoid replacing tiles by using a professional company to spray-paint them. This treatment can also be applied to sinks, baths and the floor basins of showers.