According to the latest data from the Australian Bureau of Statistics, property prices increased by 4.7% in the eight capital cities of Australia during the last quarter of 2021. If you’re a property owner, increasing property values mean that your property may sell for a considerably higher price than what you initially paid for it. The equity you have in your home also increases. But how do you increase property value?

It depends on various factors, such as its location, demand for housing and the economy in general. However, doing repairs and upgrades, as well as smart improvements, can also increase property value over time. These changes increase the appeal of your property and command a higher selling price.

There are many other ways to increase the value of your home. If your budget is limited or you don’t want to spend much, you can search for budget-friendly strategies. You may also ask for advice from property experts who have all the knowledge to explain the most relevant strategies to increase your home’s selling price. 

Do you want to learn more about how you can improve the value of your home? Whether you simply want to build equity or you’re planning to sell in the near future, here are six proven ways to increase your property value.  

Invest in Street Appeal 

One of the most effective and straightforward ways on how to increase property value is to invest in upgrading your home’s street appeal—the overall aesthetic of your home exterior. Some strategies you can use to do this include updating the landscaping of your garden, adding a new coat of paint or installing attractive lighting fixtures. Additionally, you may want to consider replacing any outdated features, such as windows or doors. 

By investing in these improvements, you can significantly increase the value of your property and make it more attractive to potential buyers. So, if you’re looking to increase property value, start thinking about how you can boost your home’s street appeal!

Update Your Kitchen 

Implementing a kitchen upgrade is an excellent way to add thousands of dollars to your property value; it’s definitely worth considering. 

Nevertheless, although there are a number of ways to update your kitchen, the best option will still depend on your budget and the current state of your kitchen. For example, if the kitchen needs a complete overhaul, a major renovation may be the best option. However, if your kitchen needs a few cosmetic updates, then you can probably get away with a less extensive renovation. 

But, regardless of the level of renovation you are considering, it is also essential to choose high-quality materials that will stand the test of time. Furthermore, adopting a kitchen layout that flows well with the rest of your home is necessary. 

Get Rid of Clutter 

Decluttering will make your home look better and feel more spacious and inviting. There this can add substantial value to your home. So, if you’re looking to improve your property value, decluttering is a great place to start. For best results, you can consider doing the following.

• Start with one room at a time. Don’t try to unclutter your whole house all at once. It’s too overwhelming, and you’re likely to give up before you even make a dent. 
• Discard anything you don’t use or need. For example, if you haven’t used something in six months or more, it’s likely that you don’t need it. So, get rid of it.
• Donate items to charity. There’s no need to keep things that you’re never going to use.

Make Necessary Repairs 

Making necessary repairs is also a great way to increase the value of your home. By fixing any present issues, you can make your home more appealing to potential buyers and increase its resale value. Even minor repairs can significantly impact the property value, so it’s important to take care of any existing problems. 

If you’re unsure of what needs to be repaired, it’s a good idea to consult with a professional. They can assess the condition of your home and let you know what needs to be fixed to increase your property value. Once you have a list of repairs that need to be made, you can hire a reliable contractor to handle all of them.

Paint Your Walls 

Another effective way to boost your home’s value is by painting the walls with a fresh and neutral colour. This simple change can make your property look more attractive and welcoming, leading potential buyers to see it in a new light. Also, a fresh coat of paint can help cover up any imperfections in your walls, further boosting the value of your home.

To achieve the desired results, many homeowners hire colour consultants who can assist them in choosing the appropriate colours for their walls. Although the selection can be done independently, these homeowners prefer to hire the experts for recommendations because doing so is definitely worth the expense involved when the return on this investment can yield a significant increase in the sale price of your home.

Invest in Property Styling 

Many homeowners usually resort to property styling when preparing to sell their property. It is the process of making a house look more appealing to potential buyers by decluttering, neutralising colours and adding stylish furniture and decor. 

The following strategies can also be used when styling your home to increase its property value. 

• Updating outdated features, such as lighting fixtures or flooring. Again, this is a relatively easy and affordable way to add value because it doesn’t require any major construction work.
• Renovating key areas of the house, such as the kitchen or bathroom. These renovations can be more expensive, but they can also significantly impact your property value.
• Adding extra living space, such as an additional bedroom or bathroom. This is a great way to add property value and increase the home’s selling price by thousands of dollars or more.

Sell Your Home with SaleFunder 

Knowing how to boost your home’s property value effectively can significantly increase the price of your home. If you’re planning to sell your home but don’t have the resources to pay for much needed improvements and preparations, we’ve got you covered. 

At SaleFunder, we help property owners and sellers maximise their sale price by funding the things needed to prepare your house for sale. With access up to $60,000 to spend on upgrades to your property to help you achieve the best possible price for your home. We do it with no upfront cost to you and repay only when you sell your home. 

Contact us for more details.