4 Ways To Add Value To Your Residential Property - Our Guide
“How can I make my residential property more valuable?”
As registered property valuers in Sydney, we can tell you that this is a question that we get frequently. With the real estate market growing even more valuable by the day, it should come as no surprise that property owners everywhere are suddenly struck with the urge to know what their Sydney homes are worth— especially if they’re looking to sell.
Every residential property owner wants to get as much out of their investment as possible when its time to part ways with it. The problem that most property owners face when offloading their real estate, however, is missing out on thousands of dollars upon sale because they didn’t make it attractive enough. Whether it is a chipped block of concrete or faded paint, there are tiny mistakes that can knock quite a few thousand (or tens of thousands of) dollars of your potential income.
4 Cost-Effective Ways to Add Value to Your Residential Property
If your Sydney residential property isn’t fetching as much as you’d like, you can increase its value with a few strategic improvements that won’t cost you an arm and a leg. Have you been looking to offload a residential property but doubting that you can get what you want for it? Here are a few cost-effective improvements that you can make to increase your returns:
1. Improve your curb appeal with a fresh coat of paint
One of the first things that prospective buyers will notice when viewing your home is the condition of its paint. From the walls themselves to the not-so-white picket fence, cracked and faded paint can affect your offers and fetch you less than you’d like. Before you start accepting viewers or potential buyers for your residential property, make sure to improve its curb appeal with a fresh coat of wall paint and a spruced up fence!
2. Use landscaping to your advantage
Greenery in your residential property can be a double-edged sword: if your landscaping is impeccable, the property’s value can increase significantly. If it’s sloppy, however, then your property can appear to be lower-tier than it truly is. In addition to a much-needed repaint, improve your residential property’s valuation and listing price by calling in the services of a landscaper.
3. Look for opportunities of added value
Those looking to invest in or purchase residential properties will always be considering the extra perks that make your property worth more than it appears. If you’re looking to increase your residential property’s overall value to rake in a few extra thousand dollars, consider capitalizing on opportunities for added value, such as:
Adding a cellar
Updating the kitchen appliances
Converting the loft/basement into another living space
Knocking down the walls on the main floor to make it open-plan
4. Improve your property’s sense of security
One of the most valuable and sellable aspects of a residential property is the level of safety it offers for those living there. This opens up yet another opportunity to add value to your listing. Certain additions, such as security cameras, motion sensor lights, security cameras, and tall perimeter fences won’t only increase the sense of security that your residential property has, but will also increase its value.
Making a few tweaks to your residential property is one of the most effective ways you can increase its value without having to break the bank—all while still making a considerable amount of money off of your listing! By following the tips mentioned in this article, you can add a significant amount of value to your Sydney residential property. If you are looking for a registered property valuer in Sydney, get in touch with us today to see how we can help.