Posted on 17 June 2017 by Alice’s Garden
With Sydney house prices up over 10% on the previous year, you may be forgiven for considering cashing in before the market makes an inevitable correction (S&P 2018 Forecast). But as the saying goes, nothing in life is free, so what are the cost-effective steps you can take to realise the full potential value of your home today?
Add an extra bedroom, where space allows
Whilst this is probably the most expensive option in our curated list, it can also add the most value. The price difference between a three and four bedroom house in Sydney’s inner west area was as much as $300,000!
Update your kitchen/bathroom
Typically, this is where people spend most of their time, consciously or unconsciously, while they are at home so it makes sense these are the spaces you should focus most of your efforts on. The average cost of installing a fully furnished kitchen can range from $8-18,000 depending upon a number of variables, however the return on investment can be threefold if done right!
Give your façade a facelift
As the saying goes, first impressions are everything. Wow your potential buyer by touching up the driveway, landscaping the garden and/or installing a new door and letterbox.
Knock down walls!
In keeping with the millennial trend of open-plan offices, people also want to open up their homes. Not only does this create the perception of a larger living space, especially for smaller properties, it is sure-fire, cost-effective to add dollars to your final sale price.
Create an outdoor living space
It would be remiss of us at Alice’s Garden not to mention the most cost-effective way to add real value to your property. The addition of a year-round outdoor living/entertaining area transcends the conventional four-walls and offers an extension of your home to your guests. Perfect for summer pool parties or winter barbeques by the fire, our outdoor sun loungers and dining sets can help your old home sell quick, and make your new home feel like home, much quicker!
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