Increasing your property value
Your property is one of the largest investments you will make in your life time. Maintaining that investment and increasing the re-sale value thereof, is of the utmost importance for when you decide to sell your home these few guidelines could assist you in increasing the value of your property, once you have decided on what your budget will allow:
- Landscaping: A low maintenance garden could attract a buyer and can be just as appealing as a high maintenance garden. Making use of plants and shrubs that are indigenous to the area will alleviate unnecessary watering and maintenance. Ensure that the existing plants and trees in your garden are pruned regularly. An automatic watering system and a water feature will add value to the garden. Paving looks attractive and in the raining season will be as asset. Plant seasonal flowers as colourful flower beds are always attractive. Atmosphere: The adding of a deck could enhance the outside entertainment area especially if the property has a pool. Ensure that the pool is maintained and kept in a good condition. This area is one part of the home that some buyers specifically look at. Create atmosphere with a steel fire pit, or even install a sound system outside with a TV for those sporting weekends. A pizza oven and a built-in braai is another possibility.
- Modernise: Old cupboards and old closets could be replaced with something modern, depending on the style of the home. Carpets could be replaced with tiles in areas where there is heavy traffic. A built-in desk will add value to the bedrooms. Moving to the bathrooms, make sure tiles are clean and if a tile is cracked or chipped, replace it. Showers and baths need to be spotless. Remodelling your bathrooms by tiling, should they have the old type of bathroom flooring. Make sure the fittings are well designed and modern. It has been said that the kitchen is often the selling point of a home. Replace the electric stove with a gas stove and possibly install a convection microwave a permanent feature. Granite work surfaces are practical and low maintenance; perhaps consider replacing the old work surfaces. Sufficient cupboard space is essential – add some additional cupboard space or even a walk-in pantry. Even adding a breakfast nook will be a plus.
- Security: This is possibly one of the most important features for re-sale value. Upgrading your home security will not only be lucrative for you when you decide to sell your property but will also benefit you currently. Adding some features like electric fencing, beams, and perhaps security cameras or merely upgrading your fencing will create a safer environment for you and for the potential buyer.
- Living Green: The ‘green’ concept becoming more apparent these days, it may be good to revise your home’s energy consumption. Many buyers these days look at the amount of energy a home saves because of the contentious increase in electricity costs. Things you could do to install a timer on your geyser. These timers have been known to save up to 50% on your electricity bills. Energy saving lights is cost effective so replace your old lights with something as this will also help your save on your monthly bill.
- Garages: Most homes have double garages, you could build a flatlet above the garage. Potential buyer s could view this as a way of generating additional income as it could be rented out or even used as office space. Make sure the existing garage is fitted with shelves and perhaps even cupboard space. Your potential buyer may well be inclined to be a handy man.
- Roof: Tiles should be fixed securely and a corrugated roof should not be in need of painting. A leaky roof must be repaired. No signs of damp should be visible in the house.