Marie

On the paper, real estate is no different from any other goods subjected to basic rules of economy. One of these rules is the more value you add to your property, the easier will be to sell it at a better price. However, finding the right area to invest your money in tends to be surprisingly hard. For instance, although most of them appreciate a backyard pool, only 11.3% of Australians put it on the priority list when buying. For what it’s worth, this $30,000 investment can only cause your house to sit on the market more than it was supposed to.

Let’s take a look at a couple of tips that will help you to avoid such mistakes and invest your money in the areas that will truly help your house achieve success on the real estate market.

Bathroom

Even if you manage to completely overhaul your home, your old bathroom will reveal your secret and put even the most enthusiastic buyers off. Therefore, if you own an older house, you should go for a complete makeover. But, if you don’t want to spend that much money or your bathroom is not in that bad of a shape, simple interventions like re-caulking and replacing smaller elements (faucets, towel hangers, etc.) can go a long way making the bathroom look better.

Attic conversion

Every dollar invested in expanding the square footage is a dollar well-spent. The room you should focus your efforts on is the attic. Since its position makes it very vulnerable to elements, you should start the conversion by getting the roof in good shape and installing proper insulation. If you are living in a major city like Melbourne or Sydney gutter and roof restoration services should not be that hard to find. The rest is a simple matter of wiring the outlets and lights and moving in the furniture.

Landscaping and Exterior Improvements

We’ve all heard stories about the power of the first impression. Well, as much as the first impressions play a huge role in human interaction, they can make a similar impact in the property market. Therefore, you should do your best to pack your front-yard with as much eye-candy as possible. Any update ranging from DIY pergolas and a coat of fresh paint to front yard fountains, interesting walkways, flower beds and shrubs is more than welcome.

Cut energy costs

Current home-buyers are looking for sustainable solutions. If you manage to offer them a long-term saving prospect they will be willing to pay a higher up-front price. That is why money spent cutting the energy costs always produces a very good ROI. Whether you’ll address this issue by simply insulating your home, or you are going to go a step further and replace your windows and doors depends only on the funds you have on disposal.

Repaint the entire house

This is, by far, the simplest and the most affordable way to rejuvenate the house and lend it a completely new look. Also, a coat of fresh paint makes any space look cleaner and neater. In the right hands, both these benefits simply spell out value, so do a little research on the current trends and give your entire house (basement to attic, interior and exterior) a much-needed facelift.

Concentrate your efforts on the kitchen

Kitchen is the heart of a home. It’s also one of its major selling points. So, put as much effort in improving the look of the kitchen as your budget allows you. The list of upgrades you can make is pretty extensive, but consider installing new cabinets, kitchen sink and up-to date equipment and appliances a must. If you manage to get the kitchen and the bathroom in good shape, everything else will be easy.

Shed some light on the matter

Changing the way some room is lit can dramatically affect the way that room appears. Installing layered lighting will not only give you a chance to play up this benefit – it will also allow you to put the focus on the areas you want to be in the focus, and let the “less visually pleasing” corners of your house fall into background.In the world of real estate not everything that glitters is valued as gold. These few tips should help you to invest your money in the areas that will truly be appreciated by the potential buyers. Rest assured, this perceived value will translate into good market price.