Budget-friendly ways to add value before selling your home or investment property
Budget-friendly ways to add value before selling your home or investment property
January 15, 2025
When it comes time to sell your home or investment property, one thing remains constant: we all want to secure the best possible price. The good news? Adding value doesn’t always mean a complete expensive overhaul.
With thoughtful updates and strategic tweaks, you can make your property more appealing to buyers while maximising your return on investment. Here’s how to add value to your family home, investment property, or real estate in New Zealand before selling.
How to add value to your home in NZ?
Adding value to your property starts with understanding what buyers in New Zealand are looking for. From curb appeal to functional upgrades, small but impactful changes can set your property apart. Here are some key focus areas:
First Impressions Matter: Ensure the front of your property is tidy and inviting. A freshly painted front door, clean windows, and well-maintained gardens can instantly elevate curb appeal.
Fresh Paint and Repairs: Neutral, light tones on walls and ceilings create a sense of space and allow potential buyers to envision themselves in the home. Patch up any cracks, fix squeaky doors, and replace worn fixtures.
Renovate key spaces for maximum ROI
Not all renovations are created equal. Focus on areas that buyers prioritise:
Kitchen Updates: The kitchen is the heart of the home. Upgrading cabinets, replacing dated countertops, or simply adding modern handles can make a significant impact without blowing the budget. A well-lit, functional kitchen with updated appliances attracts family buyers and professionals alike.
Bathroom Refresh: Bathrooms are another major selling point. Regrouting tiles, replacing old taps, and installing a stylish mirror can breathe new life into an older bathroom. These affordable upgrades can make a dated space look modern and fresh.
Outdoor spaces add value
New Zealand buyers love outdoor living. Enhancing your outdoor space can make your property more attractive:
Decks and Patios: If you have an outdoor area, consider adding a deck or tidying up an existing one. A space for entertaining adds perceived value.
Low-Maintenance Landscaping: Trim overgrown hedges and plant easy-care greenery. A low-maintenance garden is a big selling point for busy buyers.
Lighting and energy efficiency
Modern buyers are increasingly prioritising energy efficiency and sustainability. Simple updates can save them money and add value to your property.
LED Lighting: Replace old bulbs with LED options. They’re brighter, more energy-efficient, and last longer.
Insulation and Heating: Ensure your property is well-insulated and consider adding energy-efficient heating systems, like heat pumps or solar panels. These updates are especially appealing during New Zealand’s colder months.
Storage and space optimisation
A lack of storage can be a dealbreaker for buyers. Maximise your space.
Built-in Storage: Adding built-in wardrobes or shelving is a practical and appealing feature for families.
Declutter: Before listing your home, clear out excess belongings to showcase your property’s full potential. It’ll help buyers see the space more clearly.
Create a wow factor
Adding standout features doesn’t have to be expensive. Consider these options:
Feature Walls: A bold, modern wallpaper or a stylishly painted accent wall can make a room memorable.
Smart Home Features: Install smart lighting, thermostats, or security systems to appeal to tech-savvy buyers.
Staging Your Home: Professional staging highlights your property’s strengths and helps buyers visualise themselves living there.
The importance of professional guidance
Maximising your property’s value requires creativity, effort, and the right guidance. Preparing for a sale can feel overwhelming, but having a trusted expert by your side can make the process seamless, allowing you to focus on what matters most.
At Benchmark Mortgages, we go beyond helping you secure a mortgage—we’re here to empower you with the knowledge and support to enhance your property’s value. Whether it’s financing renovations or navigating market trends, our team is dedicated to providing practical, personalised advice.
We take a holistic approach to understanding your financial position and future goals. By focusing on where you are today and where you want to be, we tailor solutions that align with your vision.
Ready to take the next step? Visit Benchmark Mortgages or book a free consultation for expert advice and tailored mortgage solutions that turn your property goals into reality. Let’s make it happen!