Home Improvements for Adding Value

Home Improvements for Adding Value

There are many ways to make money through investing in property. Usually the most secure strategies are long-term and involve holding property for many years. However making positive structural or cosmetic changes to a home can increase the value immediately. Home improvements are often the key to building equity quickly or making your home more saleable.

Below are some methods of increasing the value of your home through structural or cosmetic improvements, whether you are considering selling or just looking to freshen the place up:

Add a Granny Flat
Many Perth homeowners are beginning to “cash in” on their large blocks. Your block must be larger than 450sqm to add a granny flat, although the Department of Planning have recently become less stringent with the regulations involved with adding a granny flat. They can cost $80,000-$150,000 to build depending upon the size and finish, but some granny flats in Perth are yielding up to $500 per week. Not bad for an ancillary dwelling.

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Spend Money on the Front of the Property
If you’re considering selling your property it is important to keep in mind that buyers often drive-by and can make decisions on whether to proceed with the purchase of a home based on how it looks from the street. If you have a small budget it may be wise to consider spending it on creating the best first impression for your home – this could include rendering the brick façade, tidying up or re-landscaping the gardens and pressure cleaning brick paving and driveways.Painting
Modern colour schemes within a home can do wonders. On average a painter could charge between $3,500-$10,000 to paint your whole home depending upon its size, and this small investment could completely change the feel of your home. The painted of gutters and down pipes on the exterior can also stop your home looking deteriorated and dated.

Outdoor Entertaining
Part of the great Aussie dream involves having a great place to entertain guests outdoors. This can be pricey to implement but can really pay dividends in the right areas. Think patios, outdoor barbeques, pizza ovens and even pools and spas! Don’t forget to give the gardens a good tidy up if necessary – this can make all the difference and there are plenty of easy-care landscaping options out there.

Floor Coverings and Light Fittings
By modernising floor coverings that are worn and tired your home can feel fresh and new. Updating light fittings is also an affordable option which can make your home look and feel fresh.

Updating Kitchens and Bathrooms
Kitchens and bathrooms are often the most important rooms to buyers and by updating that old laminate bench-top or replacing the plastic towel rails and old taps with more modern materials such as stainless steel you can give your home a more modern feel without breaking the bank.

Update Door Handles, Knobs and Cupboards
Do you have those older style wood or metal door handles on your doors and cupboards? You can often transform the look of a door by painting it and installing a new handle. This way you can save on having to buy and install a whole new door.

It’s important to consider some home improvements every few years. A stitch in time saves nine, so by tackling these small jobs bit by bit over time you won’t be left with a seemingly impossible renovation job.

For advice on potential structural and maintenance issues at your home, contact Cap-It-All Building Inspections Perth.

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