Oct 31, 2019  | Tags: property

Our Insights

Planning to sell? Want to find more equity in your home?

If you can afford to make some major upgrades to your home, then you should consider doing so before going to the market or going for that all important valuation.

But what if you don’t have the funds for a major renovation?

The funny thing about property value is that it is largely a subjective concept. Value is something perceived by an individual and measured by their personal standards and needs. 

Your home’s value is more than just the figures tallied up on a calculator - it really lies in the eyes of those who are interested in buying your home.

And most of that perceived value is based upon the very first impression people get when they view your house.

Adding value to your home is as simple as ensuring that your potential buyers have a great first experience when they check out your property.

Fortunately, there are lots of cost-effective ways to make a good first impression that increases the value of your home. 

Apply a fresh coat of paint

A little paint goes a long way in boosting the value of your home. The colors of the walls of your house impact the way visitors perceive temperature, space and emotion while inside the property. Go for light neutral colors since these will make your home feel roomy and bright and clean.

Your personal preferences in paint color may come off too strong and prevent a potential buyer from imagining themselves living in the house. You can make your home much more appealing by painting it in neutral shades that allow room for imagination.

Repair those inconvenient little problems

If you can’t afford to make renovations, that’s fine. While you don’t want to hide the fact that your house may need major repairs, you should try to make your home appear inviting and ready to move into by fixing up any problems you possibly can.

Are there any clogged drains? Does your home need to be treated for pests? Is there a leaky faucet? Can you patch up that hole in the wall? How about applying fresh grout around the shower tiles? Should you replace any light bulbs? 

If you don’t take care of these little problems, those who come to see your property may be put off by the to-do list of repairs. Taking care of them in advance adds value to your home since the eventual buyer won’t have to do those tasks. 

Pay attention to the details

Look for cheap little ways you can make upgrades to you home. Replace the blinds. Install new door handles and knobs on your kitchen cabinets. Get rid of rusty plumbing fixtures. Even a water-conserving showerhead could be a cost-effective way to raise the value of your home in the eyes of a buyer.

Tidy up your yard

Your yard is an important part of your home and it’s often the first thing potential buyers see.

Plant some cheap but tidy and low-maintenance shrubbery to enhance your home. You might even install some inexpensive outdoor lighting. And remember that it costs almost nothing at all to rake your yard, pull weeds, mend the fence and pack away your rubbish bins.

Focus on the entry

If your budget limits you to making only minor updates to your house, at least make sure that the entrance looks fantastic. This is the first thing that visitors will see when they step into your home so it’s worth investing in. 

Give your front door a fresh coat of paint or replace it altogether. Replace the flooring in the entryway, if you can. Light some candles. Wash the carpets. Creating that positive first impression will help a potential buyer view your entire house in a positive light.

Get rid of junk

It doesn’t cost a single dollar to toss rubbish and pack away personal belongings that would only detract from the atmosphere of your home.

If you have decor or appliances that aesthetically clash with your home’s style, then put those away during times when you show your home to buyers.

Cover up the ugly

Do you have stains on your carpets? Outdated upholstery on your sofa?

Try strategically rearranging your furniture to cover unsightly patches on the floor. Place a blanket or pillows on your sofa in a way that hides the stains and worn patches.

Your buyer probably isn’t interested in your furnishings, but making your own belongings look nice will add value to that first impression.

Get Advice

If you're planning your next move with your home, talk to your mortage broker. Your broker can give you advice about the timing, dealing with the banks and how to get maximum value for your property. Of course, an experienced mortgage broker will also help you find the best possible loan deal.

Calder Financing Broking can find you the best deal for your needs, and guide you through the process.

Contact the team or call directly on 08 8373 3333 to meet an experienced broker today for a free, no obligations discussion about your needs.

Written and Supplied by Hayley Walsh of Calder Finance Broking, for more information please visit the Calder Finance website. Please note that Calder Finance Broking Pty Ltd is a Corporate Credit Representative of BLSSA Pty Ltd ABN 69 117 651 760 ACL 391237.