There are a range of measures you can take to manufacture equity in your property, without doing a major renovation. Here are five options:
Modernise your kitchen and bathrooms. These are key areas of your home, so even small updates – like new benchtops or lighting – can make a big difference.
Maximise space and light. Adding mirrors and skylights, while removing non-structural walls, will make your home feel larger and more liveable.
Increase your kerb appeal. Painting the exterior walls, upgrading the garden and installing a modern front door should make your home more desirable in the eyes of valuers and buyers.
Improve your energy efficiency. Installing solar panels, better insulation and energy-efficient appliances will reduce the running cost of your home and therefore make it more valuable.
Make strategic additions. Adding functional features like a home office, an outdoor entertaining area or extra storage space is likely to impress would-be buyers.
However, before making any investments, research local property trends to ensure your changes will suit the tastes of your local market.
