Put careful thought into colours
MORTGAGE Choice offers some pointers on how to add value to your property through its colour scheme.
There’s nothing like a few home improvements to boost your property’s market value, right?
Well, as it turns out, some improvements just don’t cut the mustard when it comes to increasing your home’s value.
In fact some renovations, like wild paint jobs, can knock a sizeable dent in your home’s resale value.
So, feel free to paint your home in every colour of the rainbow if you choose, but be prepared to pick up a brush and roller when it comes to sale time or if your home needs to be valued as part of a loan refinance.
Some colours can actually help you attract buyers — if yours is a character home with a distinctive architectural style, selecting tones from a traditional colour scheme will enhance the home’s features and help the place blend into the overall streetscape.
This especially applies if you have a house that is part of a row of similar homes like Victorian terraces.
For more contemporary homes, look at the overall neighbourhood and surrounding environment — your exterior colour scheme should complement the area.
If in doubt, go for neutral tones.
Inside your home
Colour can have a profound impact on the look and feel of your home’s interior.
Here too it can pay to go neutral with creamy whites, muted beiges and even pale greys.
You can always introduce bold splashes of colour through accessories.
Sticking to a uniform, neutral colour throughout your home may sound dull but it gives the home a sense of flow.
In small rooms like the bathroom, lighter tones can also create the illusion of more space.
What about wallpaper?
There can be no doubt wallpaper has come a long way from the “flock shock” that used to adorn Gran’s bedroom.
But even so it pays to think carefully before opting for wallpaper — and this rule of thumb applies even if your home isn’t going to be listed on the market any time soon.
For a starters wallpaper costs a lot more than paint.
It also involves more effort to hang and keep clean, but the real crunch can come further down the track when you decide you’d like to change the look of a room.
That’s when the effort involved in removing wallpaper can become all too apparent - often involving the hire of specialist equipment and a weekend spent doused in steam, surrounding by soggy remnants of paper.
That’s not to say wallpaper should be avoided altogether.
Used wisely it can transform a room, adding the ‘wow’ factor in spades. If in doubt, talk to a home stylist for expert ideas on the right choice of wallpaper.