Are you looking to sell your property soon? Or do you want to make changes to increase the value and enjoyment you get from living in your home? No one likes to think of their home decreasing in value, especially in the current market when house prices are rising.
So what home improvements can you make to make your home more enjoyable for you to live in and increase the value when you do come or sell?
A Pool
A well-landscaped in-ground pool is the best option when considering adding a pool and increasing home value. While the exact amount your value can increase will vary from state to state, in Melbourne, this can be 9%, while Regional QSD can be up to 20%, it is likely to add 6 figures to the value in most cases. However, you need to pay attention to the size and style of the pool compared to your home and the space you have too. Adding an inground concrete swimming pool must be done correctly and with the right legal safety features to enhance rather than detract from the property.
Kitchen
The kitchen is one of the most used rooms in any home, and potential buyers will be swayed by a modern kitchen upgrade that is designed to fit the space it is in, increase usability and flow within the area and meet the demands of contemporary living. If you invest in high-end touches such as handles and fittings and top-of-the-range appliances cabinetry, you can expect a higher return on your investment, sometimes from $20,000 to $40,000 AUS.
Bathrooms
Much like a well-fitted kitchen, a high-spec bathroom will never be a wasted investment. Your bathroom will go away for use over the years, and prospective buyers will always seek out bathrooms and kitchens, particularly on their viewings, to determine how much they are likely to spend on the home and get an overall feel for the place. Again, much like with anything, exactly how much you can expect to see upon resale can be swayed by multiple factors; however, if you invest in high-quality fixtures and fittings, maximise the use of the space and creative with storage for a high-end finish, you can see around a 10% increase in the value of your home.
Curb appeal
What does your home say about you from the outside? Your home might be finished to an exceptional level internally; however, if your curb appeal lets you down, no one will pay much attention to what is behind the front door. You get 7 seconds to make a good impression, and this will be made from outside your home. Take a good long look at the property and see what it tells you. From a new external paint job to finding damaged fencing and unkempt landscaping, many minor aspects of your home can affect its value regardless of what you do inside.
Conclusion
If you want to increase your home’s value, you must start from the outside. What your home looks like on the outside will determine how a potential buyer feels about your home. From here, you make thorough upgrades to complement your lifestyle and entice buyers when the time comes to sell.
