3 Ways To Increase The Value of Your Property

Home prices and values are defying expectations as we push through 2023, with Sydney leading the way in increased price rises and the rest of the country following suit. With the house prices forecast to grow by 6-9%, it makes sense if you're thinking of selling to maximise the condition of your property to get the best price possible while it's a seller's market.

But what areas are worth investing in as property developers to help you increase the cost of a house and ensure that when you do sell, you have increased, not decreased the value?

New Roofing

Your roof typically lasts around 25 years, but this can be impacted by extreme weather conditions, your local environment, and how well you care for it, amongst other factors. In Australia, homeowners and property investors alike are increasingly opting for metal roofing as it has a longer lifespan and can withstand extreme weather changes and higher external elements than other roofing options. Companies like All Metal Roofing can help you find the right metal roof for your home. A new roof can add between 15 and 40% to the value of a property.

Curb Appeal

The curb appeal of a house should never be overlooked. How it looks to people from the outside will impact its desirability and your top price. If people are instantly put off before they walk in the doors, not only will you struggle to get them through the door, but you won't get full market value for your investment property, either. Step outside and look at your house as a stranger would. Do you have trash lying around? Is the grass overgrown and in need of tending to? Do you have broken gates or fencing, and does the brick or paintwork on the house look shabby and unkempt? Whatever is wrong, rectify it, make it look as good as possible, and then get it listed on the market.

New Kitchen

Kitchens are the heart of the home, and as such, buyers are willing to shell out more money for a more modern and workable kitchen. The key to good kitchen renovations is to look at the space in relation to the rest of the house and increase the ease with which people navigate the space and how you layout the design.

Removing walls for a more spacious open-plan kitchen is still something buyers like to see when looking at new homes. As are multi-functional kitchen islands, too, especially ones you can manoeuvre for smaller spaces. Make sure you consider the placement of different aspects, too, so they make sense. You want to load your dishes and kitchenware from a dishwasher at a close cupboard instead of walking across the kitchen. You want to increase usability and flow and make it work for modern families. If you achieve this, you can potentially add from $20,000 to $40,000 to the value of your home.

Conclusion

If you are thinking of selling any of your properties or flipping a house, before you list it, look at what you can do to ensure you get the maximum resale value. While it might seem like a waste of money to invest in a place you are selling, it is an investment and the more you get, the more you make!