Inexpensive Ways to Drive Up the Value of Your Home

Always treat the house like a home, and give it an extra 10% of Tender Lovin Care. It may not seem obvious, but a genuine TLC shows in value.

wealth conference 2016

wealth conference 2016

1) Start gardening

Simply planting seedlings and flowers bushes from small pots can be both low-cost and highly rewarding. With the rights plants, you can turn a basic-looking garden into a stylish oasis.  If you are really diligent and have a few more dimes to spare, you can even plant a tree and invest in simple landscaping. Potential buyers will be impressed with the upgraded look and feel an attractive garden provides. 

Apart from a better ambience, if your plants are formidable enough to provide shade or lower the temperature, you may also be reducing energy costs by helping to naturally temperate your home.

gardening

2) Hyper-vigilance

Keep an eye on every little leak, why? Because tiny trickles turn into an ocean of trouble. Regularly maintain little fixings in your home and save big money in the future. Remember that water damage can ruthlessly destroy walls, tiles and roofing, as well as cause rusting and foundation erosion. If left alone it will undoubtedly drag down your home’s potential value.

For extra help on damage that you may not be able to see, it does not cost a lot to have someone inspect your home every two to three years for potential problem areas. If financially able, be sure to fix any concerns ASAP; the longer you wait, the more it will cost.

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3) Clean white paint

A fresh coat of paint does not cost a lot, yet it instantly refreshes the look of your home. White paint will do the job and is easier to sustain than fancy colours. What’s more, the colour has a clean, crisp effect that buyers love and classic white never goes out of fashion.

How often do you need to paint your home? Every two years is optimum (or just before a showing), not necessarily the whole house just the spots prone to dirt and discoloration, and this usually excludes bedrooms. Where you’ll need to pay the most attention: external parts of your home like outside walls and other weather-beaten spots.

painting

4) The set-up

Homes that are ready for viewing must look tip-top and if you are still living in the home at the time, be sure to keep it ultra clean. Some go so far as to ‘set up’ the home when having potential buyers over. This means, bringing out the fancy table cloths, draping your windows and using warm lighting to showcase your home’s potential. 

Do this for agents as well, (if you’ve appointed any) as they are the first line that needs to be sold on the true value of your home, otherwise known as your asking price. It’ll be easier for agents to convince buyers to meet your price, if they agree with your point of view.

Modern Cozy Living Room

Modern Cozy Living Room

5) Updating energy suckers

Adding value to your home can also come in the form of money- saving fixtures for your potential buyer. How do you do that? By maximizing on energy efficiency. Electricity costs are a major expense, especially visible if calculated annually.  For those using air-conditioners (moderately) in the home, you fork out an estimated RM250 per month or RM3,000 per year for this bill. 

A simple update of the fittings in your home from time to time will make a noticeable difference, but you don’t need to do it all at once. For instance, periodically change your lighting fixtures and bulbs to energy-efficient LEDs. You can also employ cost-efficient tints to glass windows in your home to maintain and deflect heat so you won’t have to use your air-conditioner as much.

energy sucker

6) Size matters

Numbers like 18 by 55 and 22 by 65 are just that, numbers. Buyers can’t feel the numeric you are selling until walking into the space and experiencing it for themselves. So it’s very important to let your home FEEL big and spacious even if it actually is not.  You can certainly “expand” the size with just a few minor adjustments, try this:

🚨 Reduce clutter (if any) to instantly increase the size of any room. The sight of little knick knacks sprawled everywhere creates an image of a less spacious, closed-up environment.  Do store your little treasures in closable cupboards and organizers so it’ll appear as though you have wide, open spaces.

🚨 You can use mirrors to double the area of smaller rooms as the reflection gives an illusion of more space.

🚨 Use natural light to enhance the width of a room and at the same time, deliberately leave some spaces empty for a look of expanse.

size

Source: PropSocial

Additional interior tips:
🚨 Something shiny will look nice and expensive eg. polished tiles on the flooring
🚨 Indirect lighting, will make the place look more exclusive.

For more information about Property Investment, please visit 👉 Property Intensive Seminar

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