6 Ways to increase your home’s value without breaking the bank

Most homeowners are interested in keeping their property up to current market standards – whether or not you’re thinking of selling anytime in the near (or distant!) future. You may be looking to borrow against your equity, and need a new valuation to maximise the funds available to you. Every property requires a certain level of ongoing maintenance, but what are some simple things you can do specifically to increase your property’s value – without breaking the bank? Here are 6 great ideas to get you started.

1. Bring your landscaping back to life

First impressions count, and the first thing to be seen is your property’s landscaping – lawn, plants, flowerbeds, etc. You don’t need to be extravagant or spend a lot of money to impress. Focus on getting the basics right – mow the lawn, trim bushes, remove fallen palm leaves or dead plants. Your home’s valuation will be reflective of how cared for your outdoor space is.

2. Resurface tired-looking parts of your home

Resurfacing can be the quickest and most affordable way to freshen up a tired space. The before and after images are often so impressive – many homeowners can hardly believe the results! Resurfacing is generally used on kitchen countertops and cupboards, the bathtub and tiled floors and walls.

3. Update your fixtures

A shiny new kitchen tap can cost as little as $35. Consider upgrading the taps and door and cupboard handles across your property. Just make sure they all match! Shiny, new and consistent fixtures across a property – especially an older home – will stand out and increase the perceived value of your property.

4. Maximise living spaces – indoor or outdoor

If you have large open living space in your home, consider a study nook or dividing the space into multiple ‘zones’ using furniture placement. Use the same approach outside – if you have space, set out multiple living zones – you might have a dining area and another space that can be used for more casual entertaining or lounging. The more lifestyle and entertaining options your home can provide, the higher its value will in the market.

5. Update your window coverings

Alright, this may not be the most ‘affordable’ idea on this list – but there are some attractive and relatively inexpensive blind options out there. Bright, clean window dressings demonstrate your property is well-maintained and will help give it an overall fresh and modern feel.

6. Paint, paint, paint

Similar to resurfacing your tiles, kitchen and bathroom, fresh paint across interior walls is the quickest and cheapest way to transform and modernise your home. Remember to keep colours neutral and consistent throughout all rooms. The market rewards well-maintained properties, and fresh paint will always offer a good return on investment.

Want more?

If you’re thinking of selling, be sure to download our FREE Sellers Guide – Maximising Your Property’s Sale Price.

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