5 tricks to boost your home’s value: Under $1,000
These budget-friendly tips could add thousands to your property’s value.
Whether you’re preparing your property for sale, or just want to spruce up your surroundings, you don’t need to break the bank to add value to your home.
In fact, some real estate agents are warning homeowners to not overcapitalise when preparing their home for the market, or they could risk not getting a good return.
“If your property needs updating you need to really crunch the numbers on the cost of remodelling versus the return you’ll get on the sale. Is the time and energy worth it for the amount of value it creates?” Upside Realty director of sales James Kirkland said.
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“Sometimes a quick fix will give you a much better return on your investment.”
With that in mind, here are five quick ways to boost the value of your home for under $1,000.
1. Repaint kitchen cabinets
Kitchens are often a focal point of the home, but they can be expensive to renovate.
“If your kitchen is looking a little tired, consider freshening it up with paint. Painting gives everything a facelift and to get real bang for your buck look at finishing off the look with new knobs or handles,” Kirkland said.
2. Add foliage
Adding greenery to your front garden or entryway can also help create a good first impression for potential buyers and add to your home’s street appeal.
“If your greenery is looking a little brown consider adding some new flowers or plants or bring in some pots of colour. Plants can also be used to offset harsher street frontages that have a lot of concrete or exposed brick as they soften hard edges,” Kirkland said.
3. Replace curtains or blinds
“If your curtains or blinds look a little faded or drab, replace them with something more chic and modern that can really lift the house,” Kirkland said.
Buyers are often keen for as much natural light as possible, so look out for window coverings like soft linens and sheer fabrics that won’t block out too much sun but still provide privacy.
4. Re-grout tiles
Re-grouting can be another quick and cost-effective way to transform your bathrooms.
“This can be a DIY job or else you can expect to pay around $35 per square metre. If this is too much money you could also look to repainting tiles with specialist tile paint to create a new colour palette,” Kirkland said.
5. Upgrade light fittings
“Lighting is an important factor when it comes to selling a house - if your natural light is lacking the next best thing is to ensure the artificial sources are pulling their weight,” Kirkland said.
One tip is looking for light fittings that are a feature point in their own right, even when switched off.
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