Updates that will add the most to your property's value
Category Property Tips
One of the frequently asked questions to real estate agents is what property owners can do to increase the value of their property without having to incur expensive renovations and upgrades, especially with the view of selling the property.
Our experience in working with numerous buyers and sellers over many years has highlighted certain value-adding aspects which buyers tend to value the most when it comes to what they are prepared to pay for a property.
Optimal use of space. The first is to ensure the space in the home is optimally used so that buyers can better visualise living in it. You can do this by expanding the usable area with more open plan layouts, or repurposing existing spaces. This will enhance the value by boosting functionality and liveability.
Updated finishes. Outdated finishes can detract from the appeal and value. Start with a good paint in neutral colours throughout and replacing outdated light fittings. The kitchen and bathrooms are important, so invest in new handles, taps and perhaps countertops. These can significantly enhance the value and sellability of the property.
Outdoor living. Outdoor entertainment areas are often big selling points for properties and can make a property more appealing. Add value to your property by creating an appealing outdoor living space, possibly with a braai and seating area to serve as an extension of the lifestyle that the property offers.
Sustainability and energy-saving features. Aspects such as solar, LED lighting and insulation can save money, sustain the property, and have become sought-after features. Additional aspects such as a water tank to harvest rainwater for garden and cleaning usage can further enhance the value and appeal of the property.
Exterior and curb appeal. The exterior is the first thing that any potential buyer sees, and it is always recommended that it is in a good and appealing condition. Basic upgrades such as painting the exterior, boundary walls and gates, and neatening the garden can notably enhance the value and desirability of the property.
Homely and appealing. The most important upgrade which costs the least, but has the most impact is how liveable and appealing the property is to buyers. A well-maintained and loved home radiates an energy that buyers instantly connect with. This emotional appeal can significantly sway purchasing decisions in your favour.
Ultimately, keeping the property in a good condition and investing in your own enjoyment of the home can directly translate into its appeal and market value.
At Seeff, we help thousands of clients open doors to new property aspirations. If you are thinking about selling, or would like to assess what your property might sell for in the current market, please do not hesitate to contact us.
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Author: Gina Meintjes
