Increase the Resale Value of Your Home
Looking for some ways to increase the resale value of your home so you can sell it this spring? September through November are the best months for putting your property on the market, with real estate professionals noticing as much as a 20 percent boost in home sales in Perth during this time. While the brighter weather and renewed energy of the season may make potential buyers see your home in a more attractive light, you’ll also need to put in some effort yourself to boost the value of your home.
From enhancing that all-important curb appeal to giving your interior a makeover, here are the tips that will impress potential buyers and increase the resale value of your property.
A Fresh Coat of Paint
You don’t have to paint your entire home if it’s going to break the bank, but painting rooms that are heavily trafficked (the kitchen and bathroom) or those that look scuffed could increase the value of your home by 1 to 3 percent. Also, your son’s forest green bedroom or the aqua colour in the guest bathroom could certainly benefit from a redo – bold and garish paint colours are almost never well-received by potential buyers. Opt instead for greys, off-whites, creams and other neutral colours.
You can boost the resale value of your home without spending a dollar. Spend a weekend cleaning out all the items that make your home look cluttered, busy and ‘lived in,’ like family photographs, small kitchen appliances, books, and toys. Declutter as much as possible, with the goal of creating an open, clean environment that a buyer could envision themselves living in. Also, do a thorough cleaning in all parts of your home or hire professional cleaning services. This will make your home so much brighter, roomier and more appealing to potential buyers!
Increase Curb Appeal
Increasing your curb appeal is one of the most lucrative investments you can make into the resale value of your home. First impressions are important, and a stunning exterior brings a greater number of interested parties to your door to see the rest of the house.
But go a step further and increase your curb appeal with features that not only add to the aesthetics but are also of benefit to the property’s durability and security and you’re really onto a winner.
Adding timber cladding to the exterior walls not only gives a home a unique design, it also helps to keep the property better protected from the elements. This will add value to your property in the eyes of potential buyers, who want a home that can stand the test of time. Composite timber cladding offers the warmth and luxury of natural wood, combined with a superior level of protection and durability as it is UV and stain resistant, impervious to water and doesn’t rot with weathering. Also, there is ‘no maintenance required’ – three golden words that homebuyers love to hear!
Another great way to improve the curb appeal is to fence the front yard. Front yard fencing not only offers greater privacy and security, but it makes the front yard a usable space, rather than just a pretty lawn for show. When the front yard is fenced in, homeowners can use the space for kids or animals to safely play. Again, opting for composite timber fencing is a great choice as it gives that homey, welcoming timber aesthetic, but with none of the maintenance issues that comes with real timber.
Kitchen or Bathroom Upgrades
Make sure your kitchen and bathroom are in excellent condition when putting your home on the market this spring. These two rooms can modernise or date a home very quickly, so they are major selling points when done right. You certainly don’t need to do a complete remodel, but if, for example, the bathroom sink is cracked or a new kitchen countertop would turn the room from ‘needing work’ to ‘immediately liveable’, then consider it a small renovation project with a big return.
Make the most of the backyard
With the warmer climate here in Perth, and Australia-wide, the backyard of people’s homes often become an extension of the living space once the sun comes out, so buyers are looking at the potential of the yard just as much as the living room.
Creating a decked outdoor entertaining space will quickly increase your home’s resale value and could be the feature that persuades them to make an offer. Composite timber decking will give you the best value for your investment – it’s fully capped for Ultra Protection against moisture, which means there is no risk of water damage or rot so it won’t need to be revarnished or replaced every few years.
Give your home some tender loving care and you’re likely to see a return on time and money invested. Making an effort to improve the look and feel of your home is especially important when the property market in Perth isn’t as robust as it once was. With a few simple DIY or renovation projects, you can increase the resale value of your home and help you to get your asking price.