Ways to Improve your Property's Value
Aaron Tan · 22 September 2023
Everyone wants to see their portfolio grow. There are some ways to improve your property's value and either increase your equity or get the property prepared for sale so you can get the best result.
The first way is to try and convert a laundry into another bathroom so that can increase the value of that property by creating another a shower and an extra bathroom is always going to add value that can easily be done by replacing the laundry trough area and putting a shower in there and basically all the tapware and plumbing is already usually there.
A second way is to create a study nook or a study area in the living area so it could be in the kitchen area it could be in the dining or lounge room try and create an area there where either there's a lock up cupboard or there's a bench put in that you can create a small study nook a home office area which is really valued these days. There's a lot of people that are starting to work from home,
Another sure-fire way to increase the property's value is to add an outdoor entertaining area so put out some double doors onto a nice timber deck and you've just created a really nice flow of indoor entertaining to outdoor entertaining and that will increase the property's value as it increases the liveability of that property.
You can basically get rid of a wall which can create a much more usable space between an area like a kitchen in the lounge by demolishing a wall there you can create then a dining area and increase that's usability of that space functionality where most people want open plan living these days for their entertaining and for their living
You can even go the opposite way and put in a wall. The wall can be a great addition to create another bedroom or a study. So this could be in a very big living area and you might be able to put a Constantina wall in that you can use for multi-purpose reasons you might be able to then use it as a multi-purpose dining room rumpus room or you could set it up as another bedroom adding another bedroom say from three to four bedrooms can increase the property's value by tens of thousands of dollars.
The last way is to also put in an extra car park. So in front of the property you might be able to put in another car parking spot into the garden area by reducing the front yard and by adding an extra value with a car park.
Lastly finish it all off with some new carpets, polish the boards if there's boards and a fresh paint and never forget if you're styling to sell the property pick colours that are neutral and appease to as many buyers as possible.
These are some tips that will increase your property's equity and will help you sell at a higher price than if you were just selling that property without these extra features and functionality.
