5 best ways to add value to your home
Home is somewhere we love to enjoy life – host summer BBQs, grow our own veges and relish in some downtime. It’s also many Kiwis’ biggest investment, and there are always ways to enhance its value. Whether you’re looking to renovate for your own enjoyment, or hoping to make the most when selling (or both!) check out these tips to add value to your home – making sure you’re spending your money in all the right places.
Decks and patios
Kiwis love their outdoor living – a nice space for BBQs and alfresco dining are a summer necessity for most. The average cost of a new timber deck is $5,000 – $15,000 but all that extra living space could seriously add value to your home.
Fresh lick of paint
A fresh coat of paint throughout the house can do wonders to making the place look light and new. Remember you want to appeal to as many as buyers so best to stick to neutral, current colours. Classic white walls appeal to most, and work well to open up and brighten up a space.
Landscaping and gardens
If you’re looking to add value to your home, good landscaping can give you the best bang for your buck. Done right, it should add plenty of value without too much cost. The best thing is you can often do these jobs yourself, saving a bunch of cash. Just make sure you do your research so everything is done right, and everything is as well thought out as the rest of the house.
Insulation is considered a necessity for many homebuyers (particularly families) and suggests a well maintained, healthy and cosy home – meaning added value. You might be eligible for subsidised insulation under the Warmer Kiwi Homes programme.
All the little extras!
There’s a whole lot of little extras that can cost a bit of time and money (often both!) but add up to big impressions:
Make the most of the only free item on this list! Sell your unwanted goods on TradeMe and you could even make some spare cash for the reno jar. Your home will seem more spacious and removal of your most personal items mean buyers can easily envision themselves living there. That means removing or hiding those intimate wedding photos, that souvenir from your Spain trip, and all that dog gear in the garage.
There’s a reason why many sellers have their properties professionally ‘staged’ before selling – it adds value! You can of course do it yourself, and get clever with thrifty Kmart and op shop buys. First step is to de-clutter, then add stylish accessories so that anything ‘on show’ is serving a decorative purpose – like a styled coffee corner in the kitchen, or a corner table with a simple vase of flowers.
Maintenance and touch-ups
A well maintained home is usually obvious to a buyer – and the thought of moving straight in and enjoying has its appeal. So fix up that dripping tap, touch up any loose deck timber, paint any worn edges or door frames.
Obviously you’ll vacuum and wipe down some benches before an open home, but don’t forget outside – cleaning decks, driveways and other outdoor surfaces can make a big difference to the feel of the outside spaces. You might need to borrow or hire a water blaster to do it right. Although it can be surprisingly expensive, consider a professional house wash too.
So, what about the exciting stuff, like a new kitchen and bathroom? Major renovations like adding bedrooms, or all new kitchens and bathrooms can end up costing a lot (often more than initially planned) and don’t always reap the most value. If you’re considering bigger renovations, it’s worth spending the time researching and budgeting. You also need to consider the overall impact on your home – sometimes a fancy new bathroom will make your not-so-fancy kitchen stand out more than before.
You’ve probably heard the saying ‘you’ve got to spend money to make money’, and it definitely counts when adding value to your home. If you’re looking for some funds to help make things happen, we can help with a personal loan for home improvements!