Make Your Property More Valuable on a Budget

Not all improvements you make to your investment property have to cost thousands, or even tens of thousands of dollars. You could even enjoy free labour if you can get help from your friends and family. The truth is that you could add significant value to your property on a meagre budget. We will fill you in with tips on how to do this in the list below. Ready? Read on.

  1. Paint it. This is probably one of the easiest, quickest, and most cost-effective ways of adding value to your property. A few buckets of paint and several paint rollers could go a long way in changing how your house looks. You could even tap the help of your friends and family to cut your costs on labour. A promise of a nice meal and beer would usually do it for them.
  2. Change the light fixtures. Want to update the look of some of the rooms in your house? You could start with the light fixtures. You could improve the atmosphere of your living room or bedroom without spending a lot of cash. You may also spend extra on LED lights. They might cost more than regular light bulbs, but they help lower electric bills and modernise the home further. Be careful if you're not handy with electrical work, however. If you need to change the wirings, leave it to a qualified electrician.
  3. Add parking. Another simple and budget-friendly improvement you can do is building a parking space in your property if it doesn't have any. For existing ones, it might just be a matter of fixing up a few things, including the pathway to the area.
  4. Upgrade your kitchen. The kitchen is one of the most commonly-renovated areas in any property. It's also one of the most expensive. However, you could make some improvements that are easy on your pocket, such as installing a ready-made pantry, or replacing the taps and sink.

Just because you're on a tight budget doesn't mean you should skip improving your property altogether. We've shown you that with a few hundred dollars, you could change how the place looks and increase its overall value.

Want to get the best deal on your home loan? We recommend that you contact our professional advisors at Rate Detective. They will provide you with a comparison of the rates of Australia's top lenders, which helps ensure you get a deal that's fit for your needs.

Get your quotes now

What to find out more? Enquire now

Published on October 10-th, 2012 in Home Loans
Damon Rasheed is the CEO of Rate Detective, an Australian financial service comparison sites specialising in Life Insurance, Income Protection Insurance and home loans. Damon holds a Master's Degree in Economics from the University of Melbourne and has been involved in many start-up internet businesses.

More on this topic

Enquire about Home Loans
Please enter the estimated value of the property

Important Information

Not all providers in the market are included in the comparison.

Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs.

Related Topics