Smart ways to increase the value of your property
Whether you're planning to sell or simply want to build equity in your home, increasing your property’s value can offer long-term financial benefits. The good news? In today's market you don’t need to undergo a full-scale renovation to see results.
Here are practical ways you can boost your home’s value and make it more appealing to future buyers.
1. Curb Appeal Matters
First impressions count. Simple updates like repainting the front door, adding modern house numbers, tidying the garden, or installing outdoor lighting can make a big difference. A well-presented exterior sets the tone for the rest of the property.
2. Modernise the Kitchen and Bathroom
These two rooms can have the biggest impact on a home's value. You don’t need to gut the space — updating fixtures, replacing cabinet handles, painting tiles, or installing a new splashback can all give your kitchen or bathroom a refreshed look without a major budget.
3. Add Energy-Efficient Features
Buyers increasingly value energy efficiency. Consider installing LED lighting, ceiling insulation, or even solar panels. These upgrades can help reduce utility costs and make your property more sustainable and appealing.
4. Create Functional Spaces
If you have an unused nook or spare room, consider turning it into a home office, study zone, or storage area. COVID changed the way we think about our home and workspaces, many buyers are looking for flexibility in their floorplans.
5. Repaint with Neutral Colours
We can make fun of millennial grey all we want but, a fresh coat of paint is one of the easiest and most cost-effective ways to breathe new life into your home. Stick with light, neutral colours to make spaces feel bigger and brighter.
6. Update Flooring
Worn carpets or dated tiles can drag down a property's appeal. Replacing flooring with timber, hybrid planks, or modern carpets can instantly uplift the look and feel of your home.
7. Enhance Outdoor Living
A usable outdoor area is a big tick for Aussie buyers. Consider adding a deck, outdoor kitchen, fire pit, or simply sprucing up your patio with furniture and plants to create an inviting space.
8. Declutter and Depersonalise
When it comes time to sell, less is more. Removing excess furniture and personal items helps buyers imagine themselves in the space and can make rooms feel larger.
Thinking of renovating or refinancing?
At MOVE Bank, we offer free property reports to give you an indication of your home's value. We’re here to help you take the next step, whether that’s unlocking equity, upgrading your home, or planning a future sale. Talk to our team today to explore your options.
Get in touch with a lender or explore our home loan options.
This article is for general information purposes only and is not intended as financial or professional advice. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product or other professional advice. You should seek your own independent financial, legal and taxation advice before making any decision about any action in relation to the material in this article.
