10 great tips for putting value into your home with a renovation or building loan

[georgemortgages]

1) First impressions last
The first thing a valuer sees is the outside of your home. You need to make sure the gardens are trimmed and the lawn is neatly manicured with some liquid garden fertiliser sprayed around with a hose (this alone can make a real difference in just a week or two).
Get fresh mulch and weed the garden, which isn't a huge cost and it gives a good first impression. You may want to replace the front door or add a fresh coat of paint to the existing door. Also, you can't overestimate the importance of neutral colours. If you choose to have the exterior repainted, you should make sure it's a neutral colour.

2) Success is in the details
The three most important areas in the home are the kitchen, bathrooms and the toilets. Check with recent interior decorating and design magazines and visit display homes to acquaint yourself with modern trends; it is likely that valuers and/or purchasers will be familiar with new trends, so any such improvements will likely add value. Home owners who undertake major bathroom-remodelling jobs often see up to 95% of their costs recouped!

Beyond major renovations, simply replacing towel racks, light fixtures or the sink can make a significant difference to potential buyers or increase rental value. If there is mould behind the silicone sealant in the bathroom and/or around the kitchen sink, remove the sealant and reseal the area. Ensure that toilets are spotless, and for thick rust stains in the bowl, get some Harpic Crystals from your local supermarket.

3) Refresh, refresh, refresh
The most important thing about the kitchen is that it is clean, tidy, reasonably up-to-date and in good repair. It is perhaps wise to replace the stove if it looks in any way off-colour. Ensure that it is suited to your style of home and that it doesn’t look tired or worn out. Is the colour new and inviting? Get lots of light in the kitchen!!!

[hardikvagadiya@gmail.com]

1) First impressions last:-

The first thing a valuer sees is the outside of your home. You need to make sure the gardens are trimmed and the lawn is neatly manicured with some liquid garden fertiliser sprayed around with a hose (this alone can make a real difference in just a week or two).

2) Success is in the details:-

The three most important areas in the home are the kitchen, bathrooms and the toilets. Check with recent interior decorating and design magazines and visit display homes to acquaint yourself with modern trend

3) Refresh, refresh, refresh:-

The most important thing about the kitchen is that it is clean, tidy, reasonably up-to-date and in good repair.

4) Less clutter is better:-

A house shows much more potential and is more sellable if it has less “stuff”. Clutter is an easy thing to attack.

5) Cover the inches:-

A valuer or building inspector will spot the smallest discrepancies. When there is mould, mildew, leaks, stains or any evidence of dirt, these are recorded. When it comes to plumbing, unless you are somewhat of an expert, consult your plumber or handyman-

6) Make sure you have the paper:-

When it comes to valuations, always ensure that all previous renovations and additions to the home are council approved.s

7) Let there be light!:-

For the best valuation, areas that are well lit will add value.

8) On the nose:-

after a major cleaning and carpet washing, particular smells haven't been eliminated, spending a few thousand dollars on good quality replacement floor coverings will more than pay for itself in the sale price.

9) Looking up:-

The biggest concern for valuers is the roof. If your roof is 5 to 10 years old, you may be OK. But a roof that's 17+ years old may be a problem.

10) Taste is personal:-

Any unique touches in your home (eg. a flaming red dining room, dark brown walls in your kitchen or turquoise or bright blue feature walls) may have been acceptable to you and your family, but future buyers, and particularly valuers, won’t see it that way. Unique or conspicuous items would also be best taken out of the house.

[rotiemirror0]

Another very solid tutorial. Thank you. Not something I can use right now but I bookmarked for the future

[ryangwright1]

Very informative, I must say. I want to add one thing i.e. not to get emotional at all about any property. Look at the pros and cons and plan your loan properly, so you can make profit.