How to Increase the Value of Your Australian Home

Australia Home FinancingIf you plan on selling your home in the future, one thing you need to do is work on increasing the value of your home. Many homeowners, who know that they’re only in a home for a few years, fail to take the necessary steps to increase the home’s value. Many just hope that the home naturally appreciates in value as a result of a good economy. But with the national economy a perpetual roller coaster of good and bad times, it never hurts to be proactive in raising the value of your home.

Minor Improvements

Everyone knows that the best way to increase value is to make improvements on the current condition of your home. While minor improvements include new paint, carpet replacement, flooring upgrades, and new doors, windows, and fixtures, there are other minor things that can affect the overall value of your home. When you live in a house long enough, you don’t look at it objectively. You get used to how it looks, smells, and feels. About a year before selling, you should have a real estate agent visit and give you his or her opinion on some minor things you can do to help improve the value of your home.

If you have pets, you may not realize that your home has a lingering smell from your pets. Animal smells are one odour that greatly affects the selling price of a home. If you smoke or use strong spices everyday when you cook, you may not realise how much those odors have soaked into the floors, furniture, and other parts of the home. A real estate agent can walk in and objectively tell you the small things that need to change. Remember that any opinions the agent tells you aren’t meant to offend you, but help you get the highest price for your home.

Major Improvements

If your home is older, you may want to gradually complete some remodeling projects to help improve the vale of the property. This can include updating the plumbing, remodeling the kitchen, or adding larger closest or bathrooms. The same is true for the landscaping. You can add a swimming pool if homes with those sell for higher prices, or hire a professional landscaper to create a custom yard that makes the home stand out from the others.

No matter which improvements you make, an Australian real estate agent will tell you that any improvement is a good improvement. But if you want to make the right improvements to help increase value, it’s best to have an agent consult with you on the appropriate improvements.




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