Factors That Increase the Property Value of Your City Home
Living in a country like South Africa provides property buyers with a wealth of popular cities to choose from. Investing in a sought-after area can have a positive effect on your property’s value and we take a look at significant factors that can further increase its worth.
What increases your home value the most?
The saying “first impressions count” is spot on when it comes to homes on the market. If you’ve recently decided to list your home or are preparing to sell, it’s essential to make it as appealing to the buyer as possible. You want the next owner of your home to feel as if they’ve gotten a top-of-the-range property at a steal. Upgrading your home from the outside in is a guaranteed way to make it look brand new. A manicured garden or neat lawn with flowerbeds goes a long way in a city home, as it gives your property a suburban feel without the price tag. Apply fresh coats of paint on fences, replace faulty latches and door hinges, service gate motors regularly and inspect windowpanes for signs of wear and tear.
Your driveway, footpath or parking area should be well-maintained and welcoming. Water features at the entrance of your home are a good way to create a relaxing, ambient vibe and immediately set the tone for an elevated experience. The way a home feels to a potential buyer can be carefully curated by paying attention to the little details where you can add luxurious elements.
How to upgrade your home on a budget
Achieving that hotel-quality aesthetic can be daunting, but far from impossible. Homeware stores and major retailers now sell affordable, quality furniture and decor that can be adapted to fit your interior goals. Easy quick fixes that show your guests, family and buyers that you’ve spent money upgrading your home can be conveyed through thoughtful renovations and improvements. Consider upscaling the bathrooms in your home with new mirrors, tiles or cabinets. Add a basket of folded handtowels, scent diffusers, soaps and lotions next to the sink and you’ve created a spa environment without breaking the bank.
Use interchangeable items such as vases filled with your favourite fruit and decorative fake ferns or update your kitchen with a new stove top, or backsplash. Buyers are likely to be drawn toward renovated necessities as it results in less maintenance from their side. Simple DIY projects can transform your property with ease and allow you to afford more upgrades on a regular basis.
What is the difference between a renovation and an upgrade?
While these terms may be confusing for some, the nuances of a renovation versus an upgrade are clear. A renovation refers to breathing life into an existing area or object of your home, while an upgrade refers to a new element being introduced. You may upgrade existing features in your home such as the surround sound home entertainment system, for example. Renovating could be seen as anything from replacing the light fixtures to reupholstering furniture and more. Creating more space is one of the most valuable upgrades to your home. Larger properties or those who have the illusion of having more space sell quicker and fetch higher prices.
If you are allowed, you can extend your home to add extra rooms, elongate existing rooms or remove walls to make your home open plan. This creates a flow of open energy throughout the home, highlighting its spacious appeal. There are many more decorating options with open-plan spaces and you can explore your various interior preferences. For the ultimate advice in preparing your property for sale, consult Seeff today.
Author: Seeff Property Group
