Looking to maximize your home resale value without breaking the bank? Check out these high-impact, low-cost upgrades that can significantly increase the value of your home and attract potential buyers.
Whether you plan to sell your house in Australia now or further down the road, it’s always good to know the best ways to boost the resale value. In most cases, major renovations are the best way to upgrade your home and get the best return on investment.
However, financially for many Australians, those sorts of upgrades aren’t always possible. But don’t let that disappoint you because there are still ways to make high-impact upgrades that will boost your home’s resale value on a budget.
If you’re not planning to sell the house any time soon, you can stretch these upgrades over time since you’re not in a hurry. And even if you are, you can easily do more than a few of these upgrades in just a few days. You can also search for property value around inorder to inscreas the resale value f your home .
So, let’s see what sort eight high-impact, low-cost upgrades can boost your home’s resale value.
1. Curb Appeal and Landscaping
Regardless of how shallow it may sound, first impressions matter a lot. That’s why every real estate agent will tell you to work on your curb appeal before listing the house.
The outside look of your home can bring in buyers or turn them away. So, the best way to start home upgrades is in front of your house as well as in the backyard.
Landscaping and curb appeal can contribute quite a bit to the overall look of your home. If you aren’t sure how to go about this, start with your front door.
You don’t have to change the door, just give it a fresh coat of paint. Just that small change can make a huge impact. Then clean or repaint the exterior of the house. Plant some shrubs or flowers in the front yard.
Don’t forget the backyard as well, this will help to mantain the Home Resale Value . Simple backyard maintenance will do if you aren’t sure how to deal with landscaping. Mow the lawn, prune the shrubs and trees, de-weed, and make it look presentable.
Once you’ve finished boosting the exterior of your home, it’s time to go inside. Starting an upgrade inside the house can be quite overwhelming. That’s why we suggest something simple like painting.
Painting the walls is one of the most impactful and cost-effective ways to boost your home’s resale value. You can’t imagine how much fresh interior paint can transform the space. If you’re planning to live in the house for the foreseeable future, you can go as crazy with color as you want – it’s your home.
However, if you’re planning to sell sometime soon, the best would be to opt for bright, neutral paint colors. These sorts of colors appeal to a wide pool of people, plus the neutral colors make the space look larger – which is what you want.
Also, keep in mind that paint can also be used for furniture and other surfaces! to uplifit the Home Resale Value .
3. Update the Flooring
Yet another piece of advice you’ll get from a good real estate agent in Kedron on how to boost your home resale value will have to do with flooring. The better the flooring, the better the resale value.
Now, this doesn’t mean that you have to install the most expensive hardwood flooring you come across. Simply replace old carpets or dingy linoleums with something cost-effective. Instead of expensive hardwood flooring, you can opt for less expensive quality alternatives. These include laminate, engineered wood, cork, or vinyl floors.
Thanks to technological advancements, all these flooring options are beautiful, durable, and affordable. The best part is that replacing the flooring can boost the house’s value quite a bit.
4. Smart Home Tech Upgrades
In this day and age, having a smart home is also what will boost its value. Many buyers will be looking for these kinds of upgrades. However, investing in technology can be pricey, that’s why you need to be smart about it.
Make upgrades that will save you money in the long run. Install smart lights, smart thermostats, and door locks. You can also invest in solar panels, but those kinds of investments are pretty expensive. So, we suggest you stick with simple, easy-to-install smart gadgets.
5. Boost Bathrooms and Kitchens
It’s well known that upgrading kitchens and bathrooms can boost the home resale value the most. However, these kinds of upgrades can be very expensive. Since we’re trying to do low-cost upgrades, renovating kitchens and bathrooms is not viable.
But you can do small renovations that won’t break your budget but will boost the value.
Start by deep cleaning and decluttering the kitchen and bathrooms, then replace hardware and light fixtures, update accessories and organize them.
You can go a step further and re-glaze the tub in the bathroom, re-caulk around the tub or you can simply replace the tub if it’s in bad condition. You can also replace bathroom mirrors if necessary.
In the kitchen, you can replace the sink if it’s really outdated. Repainting kitchen cupboards is also a cost-effective option.
6. Let Light In
Light and airy homes are always more appealing to potential customers than dark and drab spaces. That’s why you should work on letting natural light in. If you can and have options, of course.
This means replacing old, heavy window treatments with something light and airy.
Choose window treatments that are timeless, durable, and let enough light in. Sheer curtains, sheer roller blinds, and other options that don’t block too much light.
If you lack natural light, you can always compensate with lamps and lighting, and other accessories such as mirrors. All these upgrades are pretty low-cost but very effective.
7. Creative Storage Solutions
Storage is something many people struggle with, so when looking for houses, they tend to seek places with creative storage solutions. That’s one of the reasons why you should incorporate smart and creative storage solutions in your home.
Work on upgrading your closet spaces, and pantry, consider installing built-ins and finding smart ways to maximize the storage space in your home. Potential buyers love seeing organized and functional homes. Plus, an organized home is much more appealing and inviting than a cluttered one.
8. Create a Home Office Space
Another very popular trend that can also increase the resale value of your home is a home office. With so many people working remotely, having a home office can be pretty convenient.
You don’t have to dedicate a whole room as the office space. All you have to do is find ways to separate working and living areas in your home. The buyers love seeing creative, functional spaces that inspire productivity. And there are great ways you can achieve this without breaking the bank.
How to know Home Resale Value ?
To determine the resale value of a home, there are several factors . The major factors to know about the resale value of your house include following points
- Property’s location and area
- House recent condition condition
- The size and layout
- The current market conditions
- menities and upgrades
- Build structures and initial investments
- Surrounding Enviroments
Need to Remember that the resale value is an estimation and can fluctuate over time. To get the most accurate and exact assessment, consider consulting with real estate professionals and experts familiar with the local market.
You don’t have to go broke to boost the value of your home. Sometimes to boost up the Home Resale Value, just a bit of TLC can completely transform your home. Take care of the curb appeal and landscaping, do some painting, and let the light in. In most cases, that’s exactly how you’ll boost your home’s resale value.
Author name: Erin Lane
Author bio: Erin Lane is a creative writer and lifestyle blogger from Canberra, Australia. She is a hard-working, organized, dedicated professional interested in learning new things. With five years of experience in writing, Erin has covered numerous topics, including health, fashion, fitness, makeup, home improvement, decoration, business, and finances.
Author mail: email@example.com