Are you the owner of a residential or rental property in the greater Melbourne area? Are you planning to sell the property at some stage later down the track? If this sounds like you, it’s very likely that you are wanting to get as much money for the property as you can. While you can wait to see if the real estate market increases your property’s value on its own or not, you can also be proactive yourself. There are a number of ways that you can increase your property value – all it takes is a little bit of time, effort and money.
If you want to be a productive and efficient property owner, it’s time to start looking into what you can do to improve your home’s value. Throughout this website, we’ll give you tips and advice to making your home not only more valuable, but more appealing for potential buyers.
What will increase your property value?
Believe it or not, improving the value of your property comes in many different forms. Improving a property’s value doesn’t necessarily have to be work on a house – it can be work within the house too. For example, updating all of the furniture in your home isn’t a change to the house, but it can definitely impress potential buyers and make the house look more expensive.
In this website, we’ll talk about the three main ways you can improve your property’s value:
- Content Upgrades
- Interior Design
- Outdoor Landscaping
You can choose to do one of these three improvements to your home, or all three at once – it will entirely depend on how much money you have to invest in the project.
What will you need to work on your property?
The main thing you will need to improve the value of your property is money – this is one of those cases where you have to spend money to make money. The first step you will need to do in this entire project is determine how much money you have available for your home improvement project. Take a look at this free construction estimating spreadsheet to get started.
The next thing you will need for your home improvement project is time – unfortunately this isn’t one of those things you can chuck money at and then leave. Your time will be needed throughout the project to ensure everything is going ahead as planned.
Another thing you’ll need for the project is management – and this can come direct from you or you can hire a professional project manager for this. The management will watch over the project and be the main point of contact for everyone. Whether the painters and decorators need to be booked in or the tennis court builders need advice on something, there needs to be someone in charge who can take care of any issues or problems.
One thing that isn’t essential to have, but can definitely help you to save money throughout the process is connections. Perhaps you know a local furniture supplier? Or a tree arborist? Any connections to what you need to hire someone for will be a huge advantage.