Increasing the value of your property in Perth, or anywhere else, typically involves a combination of improving its condition and enhancing its appeal to potential buyers or renters. Below are our expert valuers’ top tips to help increase the value of your property and the benefit of a property valuation.
- Kerb appeal: First impressions matter. Ensure your property has an attractive exterior. Maintain the lawn, trim the hedges, and consider adding some colourful plants or flowers.
- Renovations and updates: Consider making necessary repairs and updates to the property. Modernise the kitchen and bathrooms, update flooring, and give the interior a fresh coat of paint.
- Energy efficiency: Install double-glazed windows, better insulation, and energy-efficient appliances. A small change can make all the difference in saving energy costs.
- Garden or outdoor space: Perth’s climate allows for outdoor living. If possible, add or enhance an outdoor area, landscaping can also add value.
- Open floor plan: Open interior spaces to create an open floor plan. This can make the property feel more spacious and modern.
- Solar panels: Solar panels are becoming increasingly popular in Perth due to the abundant sunshine. They reduce electricity costs and make the property more appealing.
- Storage space: Add or improve storage spaces like built-in wardrobes, a walk-in pantry, or a shed. Storage is often a key consideration for buyers.
- Neutral colour scheme: When making aesthetic changes, stick to a neutral colour scheme. This appeals to a broader range of potential buyers.
- Quality flooring: Consider replacing any old or damaged flooring with quality materials, like hardwood or high-quality laminate.
- Compliance and permits: Ensure your property complies with local building codes and regulations. Any unpermitted additions can decrease market value.
- Valuation: Have a professional valuer complete a valuation of your property, they can provide recommendations and insight on your property's current state and value in the market.
- Local market research: Stay updated and informed about the local real estate market trends. Understanding the market can help you price your property competitively.
- Cleanliness: Keep the property clean and well-maintained during showings and open houses. A clean and well-cared-for property is more appealing to buyers.
- Experts and professionals: Consider working with a real estate agent and value to provide guidance and insights into the Perth market and help you make any informed decisions.
Remember that the specific improvements needed will depend on your property’s current condition and the preference of your target market. It’s important to balance the cost of improvements with the expected increase in property value to ensure a good return on investment. A property valuation is an essential tool to have as a homeowner whether you’re looking to sell, invest or rent, a valuation can be tailored to your property-related purposes to ensure you receive a valuation you can rely on and trust.