If you are looking to add value to your home before you sell, then some simple renovations are a great way to help maximise your return. But when on a budget, how do you decide which renovation projects are worth investing in and which ones are not?
You really don’t need to spend a lot of money or undertake major projects to make your home more appealing to buyers. Some of the most effective improvements can also be the simplest and can get you the most bang for your buck. Getting over-excited by going ‘all out’ and selecting expensive fixtures and fittings can be a rooky mistake and could cause you to over capitalise.
Before you begin you need to have a plan and work out where your dollars are going to be best spent. Here are a few ways you can get maximum impact without going over budget.
A Fresh Coat Of Paint
Painting is probably the simplest and most cost effective way to transform your property.
Giving your interior walls and ceilings a fresh coat of paint will breath a new lease of life into your home, make it look bright and fresh and will also erase any signs of wear and tear.
Neutral colours will ensure your home won’t go out of style and will appeal to more prospective buyers.
When selecting your colour scheme begin by buying a few test pots, paint them on some card and place the cards in different areas around your home. By doing this you can see how the colours sit in your space. It is good to remember that colours often look different in your home than they do on the small swatch in the paint shop.
To save extra dollars you could consider doing the painting yourself. Maybe invite some friends and family over to help and you will have it finished in no time.
Refreshing your Kitchen
It is a known fact that kitchens sell properties – the kitchen is one of the biggest selling points of any house. If you have an amazing home with a not-so-amazing kitchen then you are missing out on some big dollars.
However, kitchens can also be the most expensive room to renovate, which may not be an issue if you have the budget. But you don’t have to rip out the whole kitchen and spend thousands of dollars to improve the look of the kitchen. It is possible to revitalize in on a tight budget while still adding value to your property.
Repainting existing cabinetry and replacing the door and drawer handles will give your kitchen an instant uplift and bring it up to date while still being easy on your pocket.
The bathroom is another room that is a big selling point in a property. No-one likes to see a tired, old looking bathroom in a home that they are about to purchase.
In saying that, as with the kitchen, you don’t need to rip out the whole bathroom and do a full renovation to increase the value of your home.
A simple and refreshing paint job, even on the bath and tiles, can give your bathroom a whole new, fresh feel. Sticking to white will ensure your bathroom looks clean and bright and will also make the room appear bigger. Adding some new tapware and towel rails will modernise your bathroom instantly too.
Replacing old curtains and window coverings is a great way to transform the look of your property. Installing new roller or venetian blinds are cost effective and durable and will open up the space, give a more modern feel to your home and will allow natural light to filter in. Installing the correct sizes and keeping the colours neutral will appeal to a wider spectrum of potential buyers.
Spruce Up Your Outdoor Areas
Having fantastic street appeal is imperative to getting your home sold and for the best price. An overgrown, neglected garden and broken fencing is not setting a good standard for the rest of the home viewing and will turn-off prospective buyers. A buyers first impression of a home is crucial so having an enticing street appeal will prompt buyers to imagine an amazing interior.
All your outdoor space may need is a mowed lawn, a quick prune and de-weed and a clean up of the plants and guttering. Pressure hosing paths and driveways give a new feel to them and make sure the fencing is clean and sturdy. Clean gleaming windows also give a good impression.
If you have a few hundred dollars to spare in your budget, a few well chosen plants and shrubs can transform a garden bed. Add some fresh mulch to freshen up the garden and maybe give fencing and/or the front door a fresh lick of paint?
With a little effort you can make some small improvements to your home to potentially add thousands of dollars to its value at a fraction of the cost. It’s surprising how the little touches can make a big difference in getting a great price for your home.