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Are you preparing to sell your property? Or are you wanting to maximise how much rent you can feasibly charge for an investment property you recently purchased? Whatever your circumstances, increasing the value of your property is never a bad idea. Here are some quick tips for doing so.
1. Grow Your Property to Grow Your Profits
Does your property’s land have any outdoor space that isn’t being utilised? If so, consider adding a new bedroom or living area – or even both! Whether or not you actually have any need for the extra rooms, a house with more bedrooms and interior space will invariably attract buyers or renters with bigger families and/or bigger budgets.
2. Boost Value from the Ground Up
One of the very first things a prospective buyer will notice about your house during an inspection is the flooring. If your floors are irreparably damaged or stained, or simply outdated and unstylish, consider getting rid of them and impressing viewers with a new, modern flooring choice. DIY floor removal can cause damage to your home though, so don’t hesitate to contact us for assistance – we can even give you suggestions for your flooring’s replacement!
3. Don’t Neglect the Small Things
When you’re about to sell, it can be tempting to ignore little details, like scratches on the walls or wobbly doorknobs. But it really is in your best interest to fix these up. A skilled negotiator can take minor imperfections and use them to alter the selling price in their favour, so do yourself a favour and limit how much ammo your buyers can find when they start making offers.
There are many ways to boost the market value of your property. This is far from an exhaustive list of options, but we hope it has given you some ideas and inspiration. Good luck!