Whether you’ve just bought your first home to live in, or you’re a keen property investor looking for ways to improve the resale value of your investment, there are plenty of good ways to subtly and easily increase your home’s value. Here are some of Choice Home Loans’ top tips for simple home renovations.
1. Knock out a wall
Removing a wall in your home, particularly in the kitchen/living area can really help to open up a property and make your home feel more modern. This can often be quite a simple project, costing only a few hundred dollars from a contractor – you could even do it yourself if you’re handy with DIY projects.
2. Invest in landscaping
If you have any kind of backyard or courtyard space in your home, investing even a few hundred dollars in landscaping can add significant resale value to your property. Trim back large trees and bushes so that buyers can see the house and its surrounds more clearly, or add a border of plants to create a finished look in your courtyard. No matter how big or small, a well-groomed outdoor space is a great way to boost your property’ value.
3. Go green
Buyers are increasingly looking at the energy efficiency of properties as a factor in their purchase decisions. By installing solar panels and converting your home to solar-powered electricity, you’ll not only save yourself hundreds of dollars a year on electricity bills, but you may also command a higher price on your home when you go to sell it.
4. Spruce up your bathroom
While total bathroom renovations can get expensive, you don’t have to throw out the baby with the bathwater – so to speak – to create a refreshed bathroom space. Simple updates like replacing old frosted glass with clear glass, applying fresh caulk to tiles, and installing shiny new taps and doorknobs can often make a bathroom look good as new.
5. Update flooring
Flooring that is clean and well-maintained can make a huge difference to the look of a home, so invest in a carpet steam cleaning or get your floorboards sanded and re-sealed. If your carpet is beyond a clean, don’t assume you will need to completely re-do your floors – there may be floorboards underneath that are just in need of some TLC (or turpentine and vinegar) before they come good.
If you’re thinking of a bigger renovation project for your home, Choice Home Loans can help. Your local Choice Home Broker can help you access the equity in your home to finance the perfect renovation for your needs.
This article is written to provide a summary and general overview of the subject matter covered for your information only. Every effort has been made to ensure the information in the articles is current, accurate and reliable. This article has been prepared without taking into account your objectives, personal circumstances, financial situation or needs. You should consider whether it is appropriate for your circumstances. You should seek your own independent legal, financial and taxation advice before acting or relying on any of the content contained in the articles and review any relevant Product Disclosure Statement (PDS), Terms and Conditions (T&C) or Financial Services Guide (FSG).