For many Kiwis, property is their most important asset. So, if you’re looking to sell or refinance, it’s important to prepare.
By making a few simple home upgrades, you could increase your sale price or negotiate a more competitive interest rate.
Consider your curb appeal
First impressions count and the appearance of your home is the first thing buyers will notice.
Take a critical look at your garden, roof, fences and driveway for any damage that may need repairing.
Update your interior
If your décor is looking dated, it could bring down the value of your house. However, giving new life to an older home doesn’t need to cost you your life savings.
Fresh carpets and a simple coat of paint can do wonders, but it’s best to stick to neutral colours to appeal to a broad pool of buyers.
Try to view your home with fresh eyes or invite over an observant friend who can help identify any cracks or cobwebs you may have become used to.
Efficient storage space is a key selling-point for any homebuyer and installing some more options could help your home stand out from the crowd.
Consider built-in robes, linen cupboards, kitchen and bathroom cabinetry, and even outdoor storage.
While some of these solutions are surprisingly cost-effective, it’s important to set and stick to a clear budget.
Ideally, you want these improvements to increase the value of your home. However, you could end up taking a loss if you overcapitalise. A real estate agent can offer key insights to help you achieve the best outcome.
To find out more about refinancing to a better home loan, talk to your local Mike Pero Mortgage Adviser.