These handy hints from our real estate expert will help you maximise the sale price for your Mornington Peninsula property.
Major renovation ideas that boost values
1. Buy a new kitchen.
Kitchens sell houses. Enough said. You might be able to recoup 150% of the cost of a new kitchen if your home is in a thriving location. Low cost kitchens are available from hardware stores and can be enhanced with custom stone benchtops. Try IKEA for moderately priced options.
2. Add a bathroom.
Get creative with dead space in your home adding an ensuite. A large laundry could be reconfigured into a second bathroom and a new European laundry cupboard.
3. Build a garage or carport.
Adding a lock up garage may pay you back around 200% of the costs. A carport offers increased appeal over homes without any car accommodation.
4. Adding storage.
Built in robes, cabinets & shelving offer increased storage and everybody loves storage.
5. Heating and cooling.
Keeping comfortable is a priority no matter where you live. Options range from ducted heating and cooling to split system and wall mounted units. As an added benefit to the heating, gas log fire places also create a cozy ambience.
Low cost upgrades to increase appeal
6. Spruce up your street appeal with by painting cladding, facia & guttering and power wash paved areas.
7. Re-carpet bedrooms.
An easy one that’s straightaway noticed by buyers.
Even a retro home can be transformed with this easy renovation favorite. Make sure you go with an on-trend colour scheme.
If you can do some heavy lifting, landscaping supplies are relatively cheap compared to the potential pay off. Ideas include feature timber fencing, laying turf or just feeding your existing lawn to keep it nice and green.
10. General maintenance.
Buyers appreciate well maintained houses so it’s important to fix timber rot in windows, facia and cladding.
Article written by Luke Woollard.
About me: I have 11 years’ real estate experience as a licensed real estate agent and property renovator. I’ve renovated and flipped more than half a dozen properties. I also invest in real estate and sell multi million dollar new properties for developers. My motto is “lets do this”