Forrestfield 
Most Australian homes naturally appreciate over time, but if you want to fast-track that value and see bigger returns sooner, strategic upgrades and additions will make the difference.
Before you start making renovations or upgrades, in addition to choosing features you like (it’s your home after all), take the time to research what’s trending in your area and what buyers are looking for.
Your real estate agent is a great port of call; they can give you a good indication of which upgrades will add selling points to your home and improve its future sale potential.
How to move the value needle
- Add an extra bedroom or living space. In Australia, converting a three-bedroom home into a four-bedroom home has been shown to add $50,000 to $80,000 in value, although this depends on the size of the room and the home’s layout.
- Enhance outdoor living. A well-designed outdoor entertaining area adds aesthetic appeal and usable square footage.
- Install solar power or energy-efficient features. Homes with solar systems tend to command premiums of 2.7% on average. In many markets, buyers are willing to pay up at least an extra $10,000 for an energy-efficient home.
Focus on changes that improve liveability and align with market demand. For instance, you can turn an underutilised area or backyard into a functional entertaining zone and add value without spending too much.
Pre-sale fixes to improve buyer competition
Focus on the kitchen and bathroom: Buyers are looking for functional spaces that are modern and easy to move around.
Update tapware, door handles and light fittings: These don’t cost a great deal to replace and can change the look and feel of a room
Paint in neutral colours: Fresh paint can make your home look a million bucks (or more).
Improve interior flow: Update living and dining spaces to suit modern families.
Create private spots: Home offices and playrooms for kids can make a home more valuable.
Make the right upgrades with help from a Professional
An experienced local agent can help you decide how to improve the value of your home based on exactly what buyers are looking for.
