5 low-cost renos that add massive value

by Jamie Henry30 Jan 2015
Selling a property is costly enough, and most clients don’t want to put even more work into it. Here are five quick and cheap renovations that can add massive value.

 
1 – Maximize storage space
Ceiling space is often a neglected component within a home, and in the majority of cases there is enough room in the ceiling to create a storage space.
 
Attic stairs can provide a great opportunity to add value to the home through extra storage space. If your clients have a second bedroom, or even a wide hallway, this ceiling area is a great, unobtrusive position for installation. People don’t often look up, which is why this idea is so effective.
 
Plywood sheeting nailed to the rafters inside the ceiling space creates a floor space for storage, which becomes the perfect space to stow away old photos, clothes and keepsakes that people don’t want to throw out, but don’t need access to on a regular basis.
 
Approximately two days is required for labour for installation by a tradesperson, but the value added would supersede the value contributed by inbuilt wardrobes – not to mention to cost and regular floor-space savings.
 
2 – Paintwork
You probably already know the importance of neutral paint, but it never hurts to drill it in. By keeping the colour scheme simple with a touch of tradition, your clients can attract a wider network of potential interest.
 
Remember, everybody’s tastes are different, and white colour schemes give the illusion of larger spaces. Your clients also need to keep in mind that it’s not the paintwork that will define a buyer’s decision, but a clear mind during the inspection to allow the buyer to appreciate the potential.
 
3 – Fittings
Door handles, light fittings and light switches – they don’t stir the creative juices. But generically, they can be important to achieving a contemporary feel.
 
Simply refreshing these fittings with new, contemporary designs will lift the look of your interiors and give the property a polished look.
 
A well-prepared lighting plan can transform the aesthetics and atmosphere of individual rooms, so if your clients have the means – by way of high ceilings – consider an addition of down lights. This is definitely a specialised area for an electrical tradesperson and consultant.
 
4 – Landscaping  
A key component to add value to a property is by way of the gardens. Increased value will be achieved if the garden appears established.
 
A successful, attractive garden contains colour and texture. Colour can be achieved simply by combining complimentary foliage colour, while texture can be achieved through foliage contrast.
 
There are two ways to achieve an established garden effect:
 
  • By installing mature-sized plants, which involves high costs, or
  • By catering for any voids in the garden via the use of ‘filler plants’. With the clever choice of some suitable colour and texture-effective, hardy plants, a planned and established garden can be achieved.
 
5 – Council approval
One option that is quite out of the ordinary, but would add value from a potential renovator’s point of view, would be to gain council approval for building renovations – such as carport renovations or house extensions – before selling the property.
 
A potential buyer, especially an investor or renovator, may jump at the chance to snap your client’s property up, because the leg work with council has already been done and approval received. This may potentially save a lot of time for any investor or renovator following the sale of the property.

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