Relocation Relocation Australia hosts, Veronica and Bryce, have these tips to add equity in your home.
Claudia & Pablo had a great eye for seeing the potential in homes and weren’t scared of a renovation.
There are ways to immediately improve the value of your home without spending a lot of money. These are the ideal items to tackle
1 Update Wet rooms… Bath and kitchen
2 Dated interiors – refresh with paint and carpet
3 Natural light – windows, skylights add light and a sense of space
4 Cut back overgrown gardens to reveal the exterior of your home
5 Create a sense of privacy – natural and built in screening
6 Change a poor floorplan – improve the flow of indoor/outdoor living areas
For every dollar spent on a well-planned and professionally managed renovation, you could improve the value by at least $1.50-2.00 for every dollar spent.
Location Location Location! What makes the best house in the best street?
Claudia’s mum Prue had very stong opinions when it came to the aspect vs location argument of buying a home.
Here are some things to consider when debating that question yourself.
1 If the best street in a suburb runs east west, half of the houses will have gardens facing south which is not ideal in winter as it will be in constant shade from the sun.
2 Ideally, gardens facing north offer the best aspect and are therefore more desirable by buyers which can result in a premium price being offered when it comes time to sell.
3 But if it’s the best street is it better to compromise on the aspect than to buy on a busy road?
4 Ask local real estate agents what streets they consider to be the most popular in their area.
5 Ask which side of the street is better than the other.
6 What are the worst streets and why?
7 Ask whether buyers would generally prefer the lesser aspect of the better street or a north facing property in the worst street.
8 Knowing which factors appeal to local buyers is the key to choosing the property most likely to grow in value.
Our advice is to buy a fundamentally good house in a great location. It’s a bonus if it happens to face north.
Location wins over aspect, every time!