The aim of any property investment is to increase the value of the property. There are many ways to do this – some are quick fixes with a lower cost, while other alternatives may be larger and more expensive. The financial effect of a project depends on a lot of factors, many of which are market-based. Adding a pool for instance usually provides a return on investment for bigger and more expensive homes in affluent neighbourhoods, while upgrades to the kitchen and bathroom tend to have a more universal appeal and positive effect for most homes regardless of size.
In this article, we share some effective tips to improve your property’s value:
Curb appeal refers to the perceived value of a property’s exterior. If a home has curb appeal, it means it is attractive from the outside and inspires confidence. A strong curb appeal helps sell a home faster and for more money because of the positive effect it has on buyers upon first impression.
Multiple factors such as a neat yard with professional landscaping, a fresh paint job, and a modern garage door will help to boost curb appeal and attract potential buyers. Rather than making improvements all at once to the exterior of your home, making changes over a length of time is usually not only easier, but also more affordable. The average homeowner holds onto their home for 11 years before selling, which is plenty of time to consider how to improve the external look of your home and make strategic upgrades.
Upgrade Your Bathroom
When it comes to increasing the value of a home, one of the best areas to start with is remodelling the bathroom. Updating the vanity, flooring, and lighting can increase the return on your investment up to 70%. Contrary to popular belief, a hefty investment is not necessary to enhance the aesthetic appeal of your bathroom. For instance, luxury tiles or flooring can be much more expensive to install compared to a laminate floor, which could give you a similar sleek and lavish finish for half the price. Though as we know, cheaper is not always better, so make sure to conduct research and find quality materials suitable for your budget.
Keep the Kitchen Simple
Considered the heart of a home, the kitchen is where functional design can make a big difference in the quality of your daily life. Instead of spending too much, a homeowner can often achieve a simple, modern, and effective kitchen space with quick and affordable upgrades. To reduce cost considerably, the existing layout of a kitchen must usually be kept. But making changes to the cabinet doors, benchtops, and lights, as well as repainting the kitchen can be a good way to instantly lighten it up, make it more functional, and create a more pleasant environment to cook in.
Install a Deck
Australians love entertaining, so outdoor entertaining spaces can add significant value to a property. In doing this, it is often advisable to match the look of this area with the existing style of your property. To maximise your return on investment, it is important to wisely choose the materials you will use. Wood or timber decks are a more affordable option compared to composite decks. However, such materials may not be as resilient to the harsh Aussie weather and require regular maintenance. On the contrary, while expensive, composite decks are usually more durable and impervious to extreme weather conditions and temperatures.
Install Window Security Film
A sustainable home will save you money now and will be a more marketable asset to have in the long run. Simple and effective, installing window film is a smart way to drive down utility costs by keeping heat in during the winter and out during summer. With a low-emissivity coating on the surface of the glass, heat transfer is cut off while still allowing visible sunlight to permit through. In addition to this feature, window security film installation will also provide the benefit of minimising the damaging effects of the sun’s ultraviolet rays and protects against break-ins. Consisting of laminated layers of polyester, these protective and often tinted films also prevent windows from being easily shattered.
If you are looking for long-lasting safety glass film, then look no further! Cleargard Melbourne is the leading supplier for high-quality window film in Melbourne, including solar film and privacy film. Cleargard Melbourne guarantees all film installations with our films are designed not to peel, bubble, or lose colour over time and we can easily perform a security or solar window film installation to maximum satisfaction. Get in touch with our friendly team for more information today.