BOOST YOUR HOME EQUITY

As today’s current market is slowing down, I thought this month I would highlight 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 will grow even though 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 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 more substantial, 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. Every day they are lived in, floors take a beating. Sometimes it is as simple as just getting a professional carpet cleaner to freshen your carpets. Or revive and update the look by installing a new fashion carpet. Just by adding pot plants or new pavers in your backyard will automatically refresh and update the look of your home.

So if you are considering selling or want to make financial provisions, consider updating your home to boost its overall equity.

Turrell Building
9653 1003
Shop 3, 362 Galston Road, Galston 2159
www.turrell.com.au