Tips to adding value to your home

Lesotho Times - - Property -

WHETHER adding a new room to your house or giv­ing it a new coat of paint, ren­o­va­tions can add huge value to your prop­erty. The en­trance, which of­ten sets the tone for the rest of the house, and the state of the kitchen and bath­room can im­pact a po­ten­tial buyer’s de­ci­sion.

This is ac­cord­ing to Vivi­enne Cox, ooba’s Re­gional Sales Man­ager, who says ren­o­vat­ing the in­side of your home can add value, but it needs to be func­tional.

She says that re­vamp­ing the out­side can also help sell homes faster. “If you are hop­ing to make a sig­nif­i­cant re­turn when selling your home, make sure that the ex­te­rior is on par with the rest of the neigh­bour­hood by mak­ing mi­nor im­prove­ments to cre­ate max­i­mum ap­peal.”

When plan­ning a ren­o­va­tion pro­ject, the first step is to check the value of the homes in the area to give you a good feel of your home’s value and how much you should spend on the up­grade.

“The last thing you want to do is over­in­vest or price your home out of the neigh­bour­hood,” she says.

Fur­ther­more, if you are ren­o­vat­ing to sell and ap­ply for a new home loan, Cox rec­om­mends that you get pre­qual­i­fied first. “Ask a Pre­qual­i­fi­ca­tion Ex­pert to give you an in­di­ca­tion of what the bond and reg­is­tra­tion fees will be.”

Start by mak­ing two lists — up­grades for your home value and up­grades just for you. Up­grades for your home may con­sist of re­plac­ing old faucets, per­ma­nent light­ing and doors.

Up­grades for you are fur­ni­ture, art­work and win­dow treat­ments. Gone is the dart­board ap­proach to pick­ing projects and won­der­ing if what you are do­ing is re­ally mak­ing a dif­fer­ence. With this plan, you will see real progress.

If you have spent a bun­dle on mak­ing an up­grade you can make small changes for the next cou­ple of months. Up­grade a cou­ple of elec­tric plugs or buy a small lamp. Stick to one up­grade per month and you will be happy with what you see.

Cox, who re­cently suc­cess­fully ren­o­vated her own home, pro­vides smart tips on how to make sound fi­nan­cial de­ci­sions when ren­o­vat­ing your home to in­crease its re­sale value:

Tip 1: En­hance the aes­thetic ap

peal The most ef­fec­tive way to im­prove your kitchen is to paint old cup­boards, or to sim­ply re­place the doors and add new mod­ern han­dles.

This will give it an in­stant facelift.

Tip 2: Re­place any­thing that is

out­dated In­stall flat­ter­ing light­ing in your bath­room and re­place old or out­dated taps, basins and toi­let seats. Re-glaze the bath­tub in­stead of re­plac­ing it to save on costs.

Tip 3: Redo the floors Re­place old car­pets with lam­i­nated floor­ing or tiles, as this in­stantly

adds a mod­ern spin to your home.

Tip 4: Use good qual­ity paint Re­paint your home in soft, light and neu­tral colours to cre­ate the il­lu­sion of space; this will in turn give the home a well-main­tained feel.

Also en­sure that you use good qual­ity paint to achieve a pol­ished fin­ish. Pay spe­cial at­ten­tion to de­tail, and re­paint any­thing that is look­ing tired, in­clud­ing gut­ters, fas­cia boards, balustrades and gates.

Tip 5: In­vest in your gar­den A well-man­i­cured gar­den won’t nec­es­sar­ily in­crease the value of your home, but the beauty of a has­sle­free, green lawn is at­trac­tive to home buy­ers.

Tip 6: Change the light switch

es Of­ten, it’s the de­tails that count and stan­dard white light switches tend to look yel­low over time. Get­ting an elec­tri­cian to re­place them isn’t a costly ex­er­cise and you can of­ten pick up ev­ery­thing you need at a big hard­ware store, so the ma­jor cost will be labour. Many brands make coloured or me­tal switch plates, but con­sider the fact switches tend to be util­i­tar­ian items that don’t need to be made a fea­ture of.

Tip 5: Re­vamp the en­trance First im­pres­sions count, par­tic­u­larly if you’re about to put your house on the mar­ket. By paint­ing the front door in a strong colour, such as red or blue, up­dat­ing door­way fur­ni­ture and the en­trance mat, you’re send­ing a mes­sage that your home is upto-date and well main­tained be­fore any­one even crosses the thresh­old.

Give the area around the en­trance the once-over by clean­ing the path, re­mov­ing cob­webs and trim­ming plants. Check the let­ter­box isn’t shabby and fix any loose pavers or fence pal­ings.

Tip 5: Groom the gar­den Win­ter is the per­fect time to pull on the gar­den gloves and get stuck into the back yard. Af­ter a gen­eral tidy up, look at any gaps in plant­ing that need to be dealt with. If you’re putting the house up for sale, gather rea­son­ably es­tab­lished pot­ted plants to fill up these holes as you can take them with you when you go.

Get hold of a high-pres­sure hose and give paths and paint­work the once-over. Clean the bar­be­cue and give out­door fur­ni­ture a scrub and, if needed, an oil, as spring is just around the cor­ner. — Prop­erty24

The most ef­fec­tive way to im­prove your kitchen is to paint old cup­boards, or to sim­ply re­place the doors and add new mod­ern han­dles.

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