8 Tips to add value and increase equity

December 07, 2016 Tweet Share Linked In Tweet
buyer agents in sydney

1-Can you easily add another bedroom, bathroom or car space? Bank valuers and prospective purchasers use these features as value / buying criteria. This is my top recommendation 
2- Paint. A fresh coat in a neutral colour will brighten, freshen and modernise 
3- Floors. Same concept as painting 
4- Gardens. Adding greenery will soften up the feeling of an outdoor space adding appeal  
5- Screening. Privacy is a box that many people will need to tick when looking to purchase. A bamboo hedge can make or break a sale on a busy road or next to a block of units 
6- Light fittings, tap fittings, handles, blinds etc. These may be replaced by almost anyone who owns a screwdriver and is a very cheap and effective way of updating 
7- Property styling. Whilst this does not physically change the property itself and may not effect a bank val, it will most of the time drastically improve the buyers ‘perceived value’ by creating a great modern and fresh feel throughout the home 
8- Add a granny flat and increase the rental capacity. Granny Flat packs start from as low as $30,000 to buy and require council approval and the services of a builder or licensed carpenter to erect within a week or two. Fully finished, the costs are likely to be in the range of $50,000 to $100,000 depending on the size and style chosen but can result in hundreds of thousands of dollars being added to a property depending on the location. The addition of a granny flat can be the one thing that sets your property out against the rest and will result in a more saleable product that sells quicker than other conventional properties on the market.
 
I expect more steady growth to continue in the new year and into 2017.  
 
Any questions or need help then please call us 02 9033 8616

Robert Skeen

Written by Robert Skeen

Robert Skeen Sydney Buyers Agent Specialist , Expert Real Estate Negotiator — Skeen Property Buyers Agents offer a personalised 6-star property buying service

Robert as Sydney’s Leading Buyers Agent has successfully helped thousands of Australians buy their dream homes and build their wealth through sound property investments

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