Mon Aug 26

Tips On How To Add Value To Your Residential Or Business Property In Australia

If you own your own business or residential property then you are to be congratulated for getting yourself onto the property ladder. It is increasingly more difficult to get a mortgage nowadays in Australia due to the stringent rules and the fact that you have to come up with a significant down payment first. Your property is likely to be the single biggest investment that you will make in your lifetime and so you want to do whatever you can to increase its value over the years. You may not be in control of the property market but you are in control of other things.

Adding things like aluminium windows and doors is a great way to not only make your property look fantastic and to allow natural light to shine through, but it also adds real value. If you decide to sell the property a few years from now then prospective buyers will more readily make an offer because they have seen that you spent the money on the windows and doors already. This is just one way to add value to your residential or business property here in Australia and the following are some others.

Make the property bigger - This could be anything from an extension onto your current living room, a bigger kitchen or maybe even a garage. Anything that you can do to increase the square footage of any property is adding value all the time. Obviously, you will need to get some kind of planning permission for this but that shouldn’t be a problem and so your property will be a lot more functional and it would be worth a lot more as well.
Increased its energy efficiency - Prospective buyers will always want to buy a property that is more energy efficient and so you can install things like thermostats that can control individual temperatures in each room. You could also look into investing in solar panels will provide you with a great deal of energy and investing in new appliances like a fridge and fridge freezer is a good place to start.
Give it a lick of paint - This is one of the most cost-effective ways to add value to your property without spending a great deal of money. If it is a single storey property then there’s no reason why you can’t do the painting by yourself thus saving yourself even more money, however using professional painters will ensure a high end finish. Everyone likes to see a freshly painted building and this includes the people who live in your street, prospective customers coming into your store and numerous others.

There are certain rooms in the house when updated can add considerable value to your property and such rooms are the kitchen and the bathroom. These are typically the rooms that buyers of the property will want to change immediately and so if you do it for them and you create something quite modern, then that will surely add value to your investment for the future.