While a home is a very valuable asset, there are some things you can do to increase the value of your home, and capitalize on the booming real estate market on the Mornington Peninsula. These things aren’t necessarily easy to implement but they are certainly a big value drawcard when it comes to the sale of your property.
Get a room
Easier said than done, but if you are able to add a room to your existing floor plan and house structure this would be ideal for increasing value. Having a large study that has the potential to be turned into a bedroom can also work for this purpose.The number of bedrooms a property has, can increase the value exponentially and opens up the sale to a whole new market.
Kitchen Reno 101
The kitchen is often the central hub of the home, and the presentation of this room is pivotal in establishing the value of your home. Even some small things can help, like updating the tapware and mixer, putting in a shelf, or installing a dishwasher. The most important thing is to have a space that is both user-friendly and visually appealing.
A fresh coat of paint
Don’t underestimate the power of a fresh lick of paint. A fresh paint job is relatively easy to do yourself and can breathe some life back into a tired space. Light and bright colours can help your space look bigger. Invest in the marketing Quality photography shouldn’t be underestimated in the sale of a property. This is the very first impression a potential buyer gains, a first impression often lasts the longest and is the easiest to recall. Staging your property to suit the intended market is also a great way to boost appeal and add potential value. My tip is to invest in a property stylist, they are experts on property staging to sell property.
Understand your market
Understanding the market you are selling in, is crucial to finding areas to improve your properties worth. If you know what your buyer is looking for, and how much they are willing to pay, this puts you in a really powerful selling position and you know what areas of your home to work on first.
Use your agent
Your agent is the one to orchestrate the presentation and marketing of your property. Use their industry knowledge and experience to get the most out of your selling journey I haven’t included things such as pools, and solar panels as these things often cost more money to install and maintain than the value they add. Read more about the value a pool brings here, and if you have any questions about anything to do with real estate don’t hesitate to reach out.