Top 5 tips for increasing your home's value

Top 5 tips for increasing your home's value
The value of real estate in Australia has increased significantly over time. If you're planning to sell your house soon, here are some upgrade projects you can do to further boost the value of your home.
Find out if you qualify

If you're planning to sell your house soon, here are some upgrade projects you can do to further boost the value of your home.

1. Invest in your landscaping

Landscaping in the garden is what buyers see first. Make the right first impression by investing in good landscaping. Remove any dead plants and overgrown branches and invest in new soil, ground cover and pebbles that will help make the landscape more inviting and appealing. It can also be a good idea to invest in outdoor lighting as some buyers might drive past to check out the home after dark. With good landscaping, the value of your home can increase significantly.

2. Upgrade your kitchen

The kitchen is the most important part of any house because it is the heart of the home. You can potentially increase the price of your home by replacing an ancient-looking oven or any other dated kitchen appliances with a shiny stainless model. Renovating your stove top, replacing the old kitchen faucets, and applying a fresh coat of paint to the walls and cabinets can visually increase your home's appeal. A small kitchen update can potentially add big value to your home. 

3. Update your bathroom

After the kitchen, the bathroom is the next most important part of the house. A good bathroom space is both functional and aesthetically appealing. Your bathroom can benefit greatly even from small renovations. Refresh the bathroom with some new shower heads, shiny faucets or even just a new toilet seat. You don't have to go overboard when renovating your bathroom. It's also worthwhile to replace any old lighting fixtures with more energy-efficient and modern-looking models. 

4. Improve energy efficiency

Home buyers are becoming more eco-conscious. They will be more attracted to buying your house if it is more energy-efficient and can save them money on utility bills. Things you can do to make the home more energy-efficient include getting better insulation, LED lights and ceiling fans.

5. Organise and clean                               

If you’re selling your home while still living in the property, make sure that you have your entire house cleaned inside and out. Make sure that you clean every corner, including the nooks and crannies of your home. Cleaning is the cheapest thing you can do to create a good first impression for potential buyers. Organise your things from top-to-bottom and remove personal belongings like family photos, which can distract potential buyers.

Any of these projects will add value to your home. Just remember to plan ahead with your home renovations so you don’t get overwhelmed with multiple upgrades just before you put the home on the market! 

Tags: refinance your home loan

Your goal is within reach
with our loan products

Related articles

Most Australians look to upgrade their home as their family grows in size. li...

Here's a list of pros and cons as a good starting point to help you decide if a house reno...

Thinking about refinancing your home loan? Find out what factors to consider and if it's t...