If you’ve taken a look at the real estate market more recently, you may have noticed prices have taken a slight tumble, and that might be the reason why you’ve been thinking of selling your home. Overall, however, Australian property prices have been largely on the increase. As a smart homeowner, you know that your house is not just a place for you to live in, but it is also one of the ways you can generate value through equity over time. You might be asking, since property prices have paused, are there more things I can do to increase the value of my property?
If you treat your home as a property investment, and think like an investor, you’re already on the right track! To help you out, here are some things you can do to improve your home value before selling it:
Spruce It Up
Make your property look more attractive. You can add curb appeal, which is how your house looks from the street. A good impression is an advantage to appeal to prospective buyers. You can add outdoor lighting, walkways, a driveway or a deck, among other things. Landscaping should be one of your top priorities. If you have a lawn, make sure that there is regular fertilizing and weed control. Other things that you can do is to repaint faded walls, or you can change the fixtures inside the house. Make sure to also clean and declutter to make the space look promising. The goal here is to make you property inviting and pleasing to the eyes.
Create More Space
When it comes to home value, square metreage is a factor that will make an impact on the buyers. One of the things that help buyers compare homes that are alike in style and upgrades is by looking at the price per square metre. The bigger your property is, the higher its value. Adding more space to your home will give you more profit in the long run, even though it might seem costly at first. The returns will be worth it. You can also create more space by changing existing ones such as the attached garage, for example, and make it into another living space.
Improve Energy Efficiency
Most real estate professionals have stated that promoting energy efficiency in home listings have led to a lot of prospective buyers. By adding energy conservation features to your home, it will make it more enticing and valuable. In places where the climate constantly changes or can be overbearing, buyers & tenants will look at the property’s energy conservation features. You can add a smart thermostat to your home or consider buying an HVAC system or even solar panels. If you don’t want to spend too much, then there are other options such as double-glazed windows or improve attic insulation.
There are a variety of methods you can employ to boost your property’s value. You just need to make smart decisions, some of these solutions can be cost-effective and add quite a bit of value. If you’re then ready to sell or rent your home, a real estate agent can help you through the process. This will ensure your home improvements don’t go astray.
At Warwick Williams Real Estate, our team of professional real estate agents can give you the seller’s advantage. We’ll advise you on the right pricing and help you get smoother transactions. We have the largest market share in Drummoyne and have established trust with the community for over 40 years.
