- Property Management
- Village Links
C&G’s Guide: Property Upgrades that add Value
Looking after your home and investing in regular upgrades is a clever way of maximising your asset’s market value. Thinking of undertaking a large-scale renovation? C&G’s latest blog contains plenty of suggestions for improving your home’s potential value.
Add an extra bedroom…
Bedrooms have amazing potential to increase both rental yield and overall value. They will certainly appeal to families, and younger couples can utilise the additional room as a study area or storage space. If you intend on leasing your property in the future, additional bedrooms will attract a larger pool of tenants. Buyers are often advised to consider homes with at least two bedrooms, as it grants them flexibility however they choose to upgrade their lifestyle. Whether extending their family or hosting regular guests, more space means they are likely to stay in the home for a longer period of time.
…or a second bathroom.
For some people, a second bathroom is a non-negotiable to avoid morning queues and a lack of privacy. As with an extra bedroom, additional bathrooms accommodate a growing family, maximise available space, and improves resale value. WCs and showers are also essential features of a home, and you’ll be thankful for a backup if you run into unfortunate clogging or plumbing issue!
Kitchen upgrades are well-received, too.
Kitchens are one of the most regularly-frequented rooms in a home, and attract plenty of buyer attention at inspections. Modernising your appliances and kitchen amenities goes a long way towards producing outstanding sales results. Whether tenants or potential buyers, Australians want modern cooktops and ovens that increase functionality and convenience. They also want utilities that are energy-efficient, leaving a light footprint on the earth and their bills. Upgrading your kitchen also allows the opportunity to renovate your cupboards and create practical storage – another selling point!
Need more advice on maximising your asset’s value? Chisholm and Gamon are seasoned experts when it comes to marketing and selling homes in Bayside Melbourne. From professional styling for your space to curating tailored campaigns, we’ll ensure your home is set up for success. Talk to our friendly team today!