If you’re looking to sell your property for a high price, it’s often worth considering doing some form of renovation on the house in order to add value to the property before selling.
Unfortunately, with so many aspects of renovation available to you, it can be hard to figure out what renovations are best to focus on if you’re aiming to sell your property.
To help you getter a better understanding of where the most value lies in your home, Floris de Kock, Principal at the Polokwane branch of South African property group Leapfrog, has compiled a handy guide to help you unlock the value in your home.
Whether you have the culinary skills of a Michelin-starred chef or the prowess of a child with their toy kitchen set, the kitchen is undoubtedly one of the most used areas of any house.
As such, De Kock believes that: “A nice kitchen almost instantly adds to the value of a property,” Kitchens are typically high-volume spaces which means that they get used more often than other areas of the house, and are more subject to dirt and damage as well as wear and tear.
In order to keep the value fo your property high, Leapfrog recommend that you upgrade your kitchen on a fairly regular basis.
De Kock adds: “It’s probably safe to say that [a] kitchen needs to be renovated or updated every 15 to 20 years.
“In some cases, cosmetic improvements will be enough to make it look and feel like new and, in
other cases, you may be better off replacing everything from the cabinetry to the stove that only has the one plate working anyway,”
For the bathroom, Leapfrog’s expert suggests that you should avoid ‘trendy’ style designs that might come and go out of fashion, from time to time.
As a result, de Kock asserts that: “It’s a far better bet to go for a style that has remained constant over the years like a white sanitaryware and stainless steel fittings,”
The main cost of upgrading a bathroom comes in the form of replanning and reconfiguring a bathroom in the event of a significant redesign. However, should you wish to keep every utility in its original position, then cleaning a ‘grimy bathroom’ could be the difference between a making a large profit from your sale or failing to sell at all.
De Kock states: “There is no denying that an outdated, grimy bathroom puts potential buyers off because in their heads they’re already adding R200 000 to the cost of the property to account for a renovation,”
Whether you have a spare bedroom in your home, a garage or simply additional cupboard storage, more places to store your belongings are always appreciated. Having more space ion your home will make it easier for a prospective buyer to visualise themselves in your home and can often be the deciding factor when a prospective buyer needs more space but is unable to afford a larger premises.
De Kock says: “One only has to look at the rise of self-storage facilities around the country to realise that space is highly sought after. A property that offers extra space, especially cleverly designed and uniquely optimised space definitely adds to the value of a property,”