It is a truth universally acknowledged that real estate properties increase in value the more they are improved, renovated, or upgraded. Keep this in mind when you’re looking at your own investment portfolio and thinking about putting your property up for sale in the next few years. Whether you want a more luxurious lifestyle or are thinking of going on early retirement, the real truth is that for your property to increase its value, perhaps tenfold, you also have to invest in renovation projects around the house and property to guarantee that buyers will be lining up when you do sell.
Install a garden deck – Go ahead and contact a landscape construction service who can spruce up your front yard and backyard with plants and florals that are appropriate to your property’s aesthetic. Make it an inviting garden landscape with plenty of beautiful blooms, shrubs, and potted plants. Opt for year-round flowers in this Australian weather. Our suggestion is to dramatically enhance your view deck with an upgrade in your outdoor patio. Opt for pioneer composite decking which is very low maintenance, highly aesthetic, and cost-efficient in delivering the best kind of upgrade to your property.
Create a walkway – A walkway is an inviting and effective way to beckon people to come to your property, which is great if you’re fond of hosting parties or entertaining friends and family. A good walkway is characterised by the amount of space you allot as a pathway and the view around the pathway itself. Of course, plants, shrubs, and assorted blooms are the way to go, but you could also add other attractive garden items like a small fountain, a koi pond, a lily pond, outdoor seating, a swing set, a mid-size gazebo, and even a small bird pool. Talk to your contractor about having these little decorative elements around your home, especially in your front yard.
Double the floor area – Perhaps the best and quickest way to instantly scrape up the value of your property is to increase its floor area. Go from 150 sqm to 200 or even 250 sqm just by renovating and adding a wrap-around outdoor deck to your house. This instantly multiplies the space in your home, which can be used for outdoor dining, extra seating and an outdoor living area, an extension of the liquor bar, or even an expanded barbecue area just beyond the kitchen. The point is, an extension of your home’s patio with some composite decking will be a terrific addition and feature in your property should it go on sale.
Power up your home with smart energy – These days, an improved view and a terrific patio are not all it takes to increase a property’s value. It’s also important to check and renovate the property’s energy consumption by exploring solar options as a home energy solution. Talk to your trusted contractor about having solar grids added to your rooftop capable of powering your home’s lights and even major appliances. Not only will you notice significant savings in your energy bill, but you’ll also see the end results when you decide to put your home up for sale and see the figures go up.
It’s always important to prioritise your real estate investment and focus on the kind of renovation projects that not only make it a lively, comfortable home but also an unbeatable candidate in future real estate listings.
