Some
low cost tips to boost the value of your home and build valuable home equity
Firstly, make additional home loan
payments when possible. This will enable you to chip away at your home loan,
meaning equity growth even though when the property value remains stable.
Secondly, quality renovations and
improvements will increase the overall value of your home. If you are working
within a tight budget; some of the most effective improvements are also the
cheapest.
Start with making an entrance. Updating
the entrance to your home not only refreshes the overall appearance of your
house, but also adds important street appeal. New doors cost as little as $180
from major suppliers. Another handy tip is to add pot plants for colour.
It's worthwhile to consider painting the interior or exterior of
your home to give the property an instant makeover. Pale colours make a room
appear larger, and opting for a consistent colour scheme throughout the house
will create a great sense of space and flow. Remember, open-plan living and
large rooms are currently in fashion in today's property market.
Updating the floors is another great option to refresh the overall
look on your home and boost equity. Floors take a beating everyday they are
lived in. Sometimes just getting a professional carpet clean or perhaps
installing a new fashion carpet is it all it takes to revive the look.
Just by adding pot plants or adding new pavers in the backyard can
also automatically refresh and update the look of your home.
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