How to add value to your home
What do people most commonly pay a premium for when buying a home?
Greer Tulp, sales manager at Premium Realty Milford: A full site. Land goes up in value, whereas a house only goes down and needs renovating. With councils revising plans and looking at the subdivision rules, the more land you have, the better.
Paul McCorry, area manager at QV: Purchasers will pay an absolute premium for views and for a sunny north-facing aspect. They’ll also pay a premium for a home they feel an emotional connection to, whether it’s an incredible kitchen they can’t wait to cook in or a sun-soaked deck they see themselves relaxing and entertaining guests on.
Armin Morrison, renovation expert and founder of Property Bootcamp and My Properties: The most costly things to do in a house: kitchens and bathrooms. Location also plays a big part of the buying decision – people will pay more for an area they really want to be a part of. Good outdoor living spaces are a big hit with all buyers. You can transform a small home into something that appears big with good flow and outdoor living if you get the scale and balance right.
