Your home is one of the biggest things you’ll ever buy. It’s also one of the most significant investments in your portfolio. After all, when all else fails, you can rest assured that people will always need real-estate. However, it’s up to you to make sure that the house you purchase continues gaining value in the years to come. While there are many outside factors that can affect the value of a home, including changes in the ecosystem, and even the arrival of new amenities in your area, there are also things that you can do as a homeowner to make people want to pay more for your property.
Since you’ve probably already thought about common options like replacing your kitchen or designing a new bathroom, we’re going to share some of the less conventional things you can do to transform your home.
Create a Fisherman’s Paradise
If you have a property that’s close to a body of water or even has its own riverside, then you’re going to be ahead of the curve already when it comes to gaining real-estate value. However, you can always take the desirability of your home another step further by making sure that you have fishing rights to offer your buyers.
Let people know that buying your home comes with the option to spend their weekends fishing on the side of a beautiful river, and they’ll be biting your hands off for the chance to move in. Estimates suggest that this adds a value of about 15%.
Add a Residential Lift
Finally, if you’ve got a beautiful home to offer a couple looking for a great place to spend their retirement, then there’s one easy way to help them imagine their life in your property. Australian residential lifts show buyers that they’re going to be able to manage and maintain their independence when they get a little older, because they won’t have to worry about using the stairs. What’s more, residential lifts can also appeal to younger buyers too, because they give them a unique and modern selling point to share when the time comes to sell the property in the future.
You’d be surprised at how affordable it can be to place a lift in your home these days, and the value that you get out of the investment can be astronomical. Just imagine how much easier it would be to carry laundry upstairs!
Give Your House a Name
This might sound like a strange way to upgrade the value of your home but bear with us. For most people, it might not matter whether they live at “The Oak”, or 35 Oak lane. However, research has shown that 88% of buyers would prefer to pay more for a home with a name.
Perhaps it’s just because people feel like they’re getting a property with more personality this way. Just make sure that you have permission to name your house with your local council and choose a title that’s fitting for the property. It doesn’t make sense to call a city-based property “The Orchard” for instance.