Simple ways to increase valuation of home

Hi All,

My GF and I are readying our house for a valuation to be able top pull some equity out.

I'm looking for any simple things you may have done to increase the valuation of your property.

Cheers,

Phil

 

Define simple and are you prepared to spend money?

 

Simple - not requiring tradies or experienced handyman work

Money spend < $2K

Essentially small things that can completed within a couple of weeks max.

 

Resurface kitchen benchtops/cabinets, new handles, resurface bathroom tiles.

 

Order a couple vals if you can and it suits, valuers have different opinions so you could get better results that way. Better yet, get different types of valuations done (desktop, etc).

 

Thanks yes I have had a desktop valuation done its quite promising.

Issue is my lender (also my employer) wants to have a full walk through valuation carried out as per there lending policy.

I'm a little worried that this may cause a reduction in the maximum valuation that I may be able to receive.

 

Are you going above an 80% LVR?

 

$2,000 isn't much but maybe look at gardening then, will increase the street appeal.

 

Is your place a house or apartment?
Anyway here are some good tips for you:
1. Focus your attention to the front of the house and the entrance into your home. This is the first thing that buyers see and they make their mind up immediately on what they are in for. Kind of like getting a dodgey wedding invitation- you don't expect much from the wedding. Clean the garden up, add some nice plants, paint or replace your gutters, get your roof tiles painted and have the place looking as best as possible.
2. You obviously can't increase the size of your house or land but you can create more storage space. Focus on adding additional storage space where there wouldn't of been before. i.e. Add built in wardrobes to the bedrooms, extend kitchen cabinets to the ceiling, add a linen cupboard, add garage storage. Storage is important to everyone and you can increase this without spending too much dosh.
3. Kitchen and Bathroom are big ones, especially the kitchen. Kitchens sell homes, we cook everyday (some of us) and if you are going to splurge in any area it would be this one.
4. Paint the place, do it yourself, its not that hard and it will make a big difference.
5. Consider having your property styled for sale. This will cost a couple of grand but to be honest it may be the best money you ever invest. A designer will come out, assess your place and bring in some nice furniture and fittings to present your place in the best possible manner. A good company will definitely bring you more than their monies worth.

 

@Steven Ryan yes will be > 80% lend with LMI

 

Yep Gardening out the front was something I was thinking

Cheers,

Phil

 

Thanks for the tips!

It's a house.

Cheers,

Phil

 

While I agree with a number of your points you clearly haven't read the thread or the OP question.

They are looking at increasing a valuation not selling and have a budget of $2,000 so there goes point 3, 4, 5

 

Geez calm down dude! I didnt read the entire thread, just the initial question. So sorry...!!

 

Geez you also need to calm down...

Where did it say he was selling on the first post, even the title talks about valuation.

 

Ok got it- I slightly missed the point on selling vs valuation. I am sorry that I offended you so much with my incorrect response.
Enjoy your day

 

Thanks don't let it happen again.

 

I just upgraded a rental by putting modern stainless steel handles from Bunnings, on the kitchen cabinets and bathroom vanities. I went to a wholesale nursery and bought loads of mid sized plants and pine bark mulch. Made sure all the paths were swept and clean. It was let in a day!!!

 

That's sensational thanks heaps

 

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Hi Phil, the best way to enhance your property without spending much is by cleaning and maintaining it. I recommend you feed your lawn and maybe topsoil it where it is uneven, and buy a cheap soaker hose from kmart or big w and put that on the grass for 30 mins every night up until the property evaluation.
Hire a gurney to clean what you can (pathways, driveway, bricks etc).
You should definitely weed your garden and prune it to make it neat, then as Chrispy said, mulch it...it gives it such a facelift!!
What you can do on the inside of your home is steam clean the carpet with a machine you can hire (a britex from woolworths).
Just in general make sure everything in and around the house is at its best potential.
Good luck!!