Boosting your property’s value
How would you feel if you had the knowledge to increase the value of your property by over $100,000? Or if you have a property that you are renting out to tenants, do you know how to improve the look, feel and functionality of your home to improve its rental value? Learn how you can earn more from your property by investing in your home to boost the value of the property. Here are some tips below.
Install a pool.
The idea of having a place to cool down and relax in the comfort of your own home is an attractive idea. Most people dream of having a pool out the back of their home and it will easily improve the perceived value for your home.
Create an indoor or outdoor entertainment area.
In the spring and summertime, Australians love to be outdoors cooking up barbecues and socializing with family or mates. Creating a comfortable outdoor entertainment area where people can enjoy food, drinks and a social atmosphere is an attractive asset to have in the home. Install entertainment equipment such as a television and audio equipment that will enhance the aesthetics of the great outdoors.
Turn your home into a smarthome
Bring your home into the 21st century by leveraging smart technology. Tune your home into your Internet connection so that you can control the different elements of your home through your smart device. From lighting and heating controls through to your audio and visual equipment.
Create extra rooms with extensions or turning extra space and rooms into bedrooms.
If your home has large spaces, find out if you can convert those spaces into extra rooms. Extra rooms will allow landlords to increase the rental value. Especially for those landlords that rent out their properties by the rooms rather than by the property. Depending on the location, they could easily net themselves an extra $400 plus per room per month. When it comes to selling the property, the amount that they can benefit from can be in the tens of thousands. Just make sure to follow the correct procedures through your council to ensure that any developments or extensions are permitted by the council.
Add an extra sense of comfort and peace of mind by installing security equipment. These include:
- Home security systems
- CCTV cameras
- Security systems that can be linked to smart systems
- Automatic garages
- Electric window shutters.
Environmentally friendly measures (skylights & solar panels)
Seek to keep your home environmentally friendly. The installation of solar panels has been popular in recent years in a bid to save electricity bills within the home. Appraisers have said that these energy savers make your home more desirable to potential homebuyers.
Interior design (Luxury through minimalism – selling the fantasy/dream home)
The interior design within the home is what brings the dream or fantasy of the homebuyer to life. If they are looking to live in luxury, a minimalistic design can offer and deliver the look, feel and ambiance that they are looking for.
Let in light.
Create a brighter home by making good use of natural and artificial light. Install skylights, solar tubes, Velux skylights and window shutters where you can naturally keep the home bright. When night falls, install LED lights outside of the home that can give your home a magical touch. And ensure that lights inside the home keep the different areas of your home well lit, bright and full of energy.
A well-landscaped garden.
While the land value in terms of landscaping may not add as much value as the other aspects of the home, it does present an added touch of elegance that can compliment the home. Invest your time and resources to develop a well-manicured garden that is appealing on the eyes and further sells the dream home.
These are a few simple ways to enhance the perceived value of your home. Start implementing a few of these into your home and over time you will see appraisers increase the perceived value of your home for both rental and sales. What are you waiting for? Take action and reap your rewards today!