Adding value to your home is an ongoing process that benefits homeowners regardless of their current plans to sell. Kahlia Cordony, a renowned property stylist and founder of the Cordony Group, emphasises the importance of continuously enhancing a property’s value. Cordony argues that a property, often being one’s largest asset, should be nurtured to ensure maximum return upon sale. More than financial gain, improvements should also enhance the homeowner’s quality of life within the space.
Cordony encounters clients at various life stages, from those considering selling in the near future to those with no immediate plans. This diverse clientele underscores the universal desire to optimise a home’s functionality and appeal, both for current enjoyment and future sale prospects. Whether you’re settling into your first home, expanding your family, or downsizing, the goal remains the same: elevate your property’s value.
Here are five expanded strategies from Cordony on how to elevate your home’s appeal and worth:
1. Keep Up with Maintenance
Maintaining the existing structure and systems of your home is foundational. Cordony suggests homeowners approach their property with a buyer’s eye, identifying maintenance needs that could detract from its value. Regular upkeep, from roof repairs to plumbing checks, prevents minor issues from becoming major financial drains. This preventative approach not only preserves but can also incrementally increase your home’s market value.
2. Refresh Bathrooms and Kitchens
Bathrooms and kitchens are key areas that significantly influence a home’s appeal and value. Simple updates, such as replacing old tapware, vanities, and shower screens, can transform these spaces without the need for a full renovation. Kitchen cabinetry and benchtops can also be resurfaced or replaced for a modern look. These cost-effective modifications can rejuvenate your home’s aesthetic and functionality, making it more attractive to potential buyers.
3. Don’t Follow Trends
While keeping your home up-to-date is important, Cordony warns against slavishly following fleeting trends. Opting for timeless designs and neutral colours ensures your home remains appealing over the years. This approach avoids the need for frequent updates to align with current fashion, saving money in the long run and appealing to a broader range of potential buyers.
4. Focus on Functionality
Modern buyers value efficient and flexible living spaces. Adding a master suite with a walk-in wardrobe and ensuite, or creating a home office within a bedroom, caters to these desires. Guest bedrooms with dedicated bathrooms enhance privacy and convenience for visitors. Such functional upgrades not only improve your living experience but also appeal to future buyers looking for versatile, ready-to-live-in homes.
5. Expand Open-Plan Living
The demand for open-plan living spaces continues to grow, with homeowners appreciating the inclusivity and versatility these layouts offer. Removing walls to create a flowing living, dining, and kitchen area fosters a sense of togetherness, making the home more inviting. Incorporating outdoor living areas, such as decks, extends this communal space, further enhancing the property’s appeal. Post-COVID, the value of shared family spaces has become even more pronounced, making this a wise investment in your home’s functionality and marketability.
Adding value to your home is a multifaceted endeavor that blends maintenance, strategic updates, and an eye toward timeless design. By focusing on both the aesthetic appeal and functional improvements, homeowners can ensure their property remains a valuable and cherished asset. Cordony’s expert advice underscores the importance of thoughtful planning and investment in your home, ensuring it meets your needs today while securing its worth for the future.