Browse Forums Increasing Home Value Re: basics of increasing home value 88Apr 17, 2012 1:15 pm Today is under construction. Thank you for understanding. Re: basics of increasing home value 92Feb 23, 2014 3:22 pm We're at the other end of this- just about to buy our first home. We've elected to keep the budget tiny and the property we have our eye on is, quite frankly, a bit tired. It has been tenanted for a long time and will need a lot of work done to make it comfortable. We will be putting in a new kitchen and bathroom, adding two room underneath and doing basic cosmetic stuff. At this stage we don't know how long we will be there- hopefully a long while as the size and location suits us, but with bub #3 en route we are really not sure how much room we need or if two story will suit us long term. With that in mind, any suggestions of what NOT to do while we renovated that may detract buyers later on? We are really working to improve it for us but plan to not make major changes that won't add value, or can't be redone at sale (ie paint colours). Hubby is a glazier/shop fitter. He will get the materials at cost and do the work himself with a little help from mates. He has reno'd thousands of kitchens and a lot of bathrooms and has the skills do do everything bar plumbing and electrics himself, so we will be able to (hopefully) increase value at a minimum cost to us. Asking price is $280k but we are planning to offer $250 and take it from there. Our broker said he'd pick it at $320 value if it was clean and fresh, though we will add a few mod cons in the kitchen, and have spanking new kitchen/bath, will do some DIY landscaping (nothing fancy, aiming for low maintenance), new lights, air con (no air con or fans in qld, the poor tenants bpmust be dying this week). Re: basics of increasing home value 93Mar 01, 2014 5:18 pm So are you buying it to renovate then sell or just thinking down th track? Use neutral but warm colours. Keep the kitchen plain and modern. We use gloss white poly doors with a stone look laminate benchtop (in cheaper areas). Same with the bathroom, white with a border or vertical stripe. Plain white vanity. You can always add colour with accessories. White doesn't offend anyone. The main thing is to not overcapitalise. Buy fittings etc to suit the price of the house. Cheap fittings are fine in a $200K house but not in a $800K house. Buyers in that price will notice. Good luck. Post some before and after photos. Re: basics of increasing home value 94Mar 04, 2014 7:11 pm Thanks travelbug! We are buying to live and renovating for our own comfort but trying to be mindful of a sales perspective while we do it we will keep most fittings fairly low budget- anything we spend more on will be for us, not the buyers, as due to size and location we don't exotic to get more than $320k for it even it we did spend the extra. Will definitely post pics! We haven't officially even made an offer yet, I'm jumping the gun a bit out of pure excitement Re: basics of increasing home value 95Mar 05, 2014 10:44 am in the process of doing this right now (70's 3br hardiplank, external double garage and inground pool) The ones that have made a huge difference with not much cost.. Fully repaint exterior/garage with modern neutral colours (colour coordinated fascias and gutters) Regrout all tiling. Repair/repaint all skirting and doorjams. Touch up/repaint internal doors where necessary. Replace front door/infill to something with something more modern. Remove and respray security doors to match above colours, fix/adjust/replace door closers if needed. New flyscreen wire everywhere. Removed or trim old plants from gardens, fix borders and add potted colour and mulch. Add new polish edged mirror & IXLtastic light/heater to bathroom. Clean, clean, clean If the house is good to start with, the little details can really add up to a great overall impression. Re: basics of increasing home value 96Jan 11, 2019 3:49 pm This is an old thread but hope someone can share their thoughts or experience if you have encountered in the past. We are planning to sell our home soon. It's well maintained and we had so many upgrades, except the down-lights. We have batten lights only. I was told by someone that it isn't necessary to upgrade to down-lights as the new home owner can easily do it without too much costs, however will this impact the selling price? Is it more worth it to upgrade our lighting to LED down-lights before putting our home to market? Thanks in advance Re: basics of increasing home value 97Jan 11, 2019 6:19 pm Melbournevic This is an old thread but hope someone can share their thoughts or experience if you have encountered in the past. We are planning to sell our home soon. It's well maintained and we had so many upgrades, except the down-lights. We have batten lights only. I was told by someone that it isn't necessary to upgrade to down-lights as the new home owner can easily do it without too much costs, however will this impact the selling price? Is it more worth it to upgrade our lighting to LED down-lights before putting our home to market? Thanks in advance Spending money on a house prior to sale in the hope of making that money back is a tricky business. That said, batten lights are quite old fashioned and LEDs can be very cheap, but the labour costs of the changeover can be expensive. I'm in the camp of making some changes to freshen up a house before sale, whereas my wife is in the camp of touch nothing and leave the choices to the new owner. It's difficult to tell whether either approach is best, as you can never sell the same house twice in order to compare. Best of luck with your sale. Re: basics of increasing home value 98Jan 13, 2019 6:16 pm arcadelt Melbournevic This is an old thread but hope someone can share their thoughts or experience if you have encountered in the past. We are planning to sell our home soon. It's well maintained and we had so many upgrades, except the down-lights. We have batten lights only. I was told by someone that it isn't necessary to upgrade to down-lights as the new home owner can easily do it without too much costs, however will this impact the selling price? Is it more worth it to upgrade our lighting to LED down-lights before putting our home to market? Thanks in advance Spending money on a house prior to sale in the hope of making that money back is a tricky business. That said, batten lights are quite old fashioned and LEDs can be very cheap, but the labour costs of the changeover can be expensive. I'm in the camp of making some changes to freshen up a house before sale, whereas my wife is in the camp of touch nothing and leave the choices to the new owner. It's difficult to tell whether either approach is best, as you can never sell the same house twice in order to compare. Best of luck with your sale. Thanks mate! We will probably go with upgrading to LED downlights but to a minimum. Good luck with your sale too. Re: basics of increasing home value 99Feb 06, 2019 8:43 pm 8 Ways To Boost Your Home Value - The kitchen is still king - Make floor plans work harder - Don't let your home be an energy hog - Keep it simple and stress-free - Build a home for'the ages' - Paint is still a potent upgrade - Remember the great outdoors Thanks Re: basics of increasing home value 100Apr 12, 2019 2:55 pm arcadelt Spending money on a house prior to sale in the hope of making that money back is a tricky business. That said, batten lights are quite old fashioned and LEDs can be very cheap, but the labour costs of the changeover can be expensive. I'm in the camp of making some changes to freshen up a house before sale, whereas my wife is in the camp of touch nothing and leave the choices to the new owner. It's difficult to tell whether either approach is best, as you can never sell the same house twice in order to compare. Best of luck with your sale. Just checking how did you go with your sale and how long it took before you receive an offer? I just put my property into the market and hope we receive good offers soon. As a tradesmen get a private inspector although I don't think there worth it in their profession themselves the reminder they serve to the tradesmen doing the work is… 3 28012 They make the room much easier to clean for one, reflect more light (if light colour tiles are used), and you dont end up with dust on the top edge of tiles (cause most… 3 10142 The last home I lived in didn't have a pool and when i went to sell it the agents were not happy, even telling me to put one in to sell the place. The agents weren't happy… 2 4674 |