With any purchase, you want to make sure that you get the most bang for your buck. The reason why it’s even more important when buying a house is that property is one of the biggest and arguably most important assets you can own. Not only can a house be a humble abode for you and your family, but it also gives you leverage for applying for another loan, for building home equity or for leasing out and yielding a rental income. Picking the right property, for any (or all) of the reasons mentioned, is important.
What you should know is that there are certain features in a home that make it more valuable. So, whether you’re building brand new, shopping for an existing home or committing to a renovation, you should consider what people (tenants and bank evaluators!) consider desirable and therefore valuable in a home. Here are three features that are worth investing in to increase the value in your property.
Alfresco/Outdoor Entertaining Area
We live in a beautiful country with amazing seasons, so it’s no surprise that the outside of the home is just as valuable for many people as the inside of the home. Having a tiled alfresco, a deck, pergola, BBQ area or anything of the like is seen as the perfect entertaining area. It’s the home’s private oasis and adds luxury compared to homes that go without. The best part is that you don’t have to dig deep into your pocket to set up a lovely outdoor seating area. Speak to New Edge Homes today to find out how you can get an alfresco included in the base price of a new home design.
Modern Kitchen & Quality Appliances
As the saying goes, the kitchen is the heart of the home. It’s a space that needs to be both functional and inviting in design. Cramped kitchens with old appliances can turn away a lot of tenants and significantly decrease the value of your home overall. Opting for a stone benchtop and a modern cooktop, oven and dishwasher will give you a more esteemed asset immediately. If it’s not within your budget to remodel your kitchen entirely, you can still make impactful changes by painting cupboards, switching handles and updating smaller appliances such as a microwave.
You might not guess it, but flooring is a big influence in giving off good or bad first impressions. Worn out, stained carpet is not what you want people to notice when walking through your door. Hardwood flooring is one of the most expensive options, but you can also make your floors look great with tiles or fresh carpet. If ripping up the floor isn’t in the question, just give it a good clean! Scrubbing dirty grout or steam cleaning carpet can give off the appearance of sparkling new flooring.
Visit www.newedgehomes.com.au today to find out more about how you can get the most value for your budget with our affordable and modern home designs.