What are 'wow factors' that can increase house value?

Any general questions you might have in regards to loans and finance.
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Otto Dargan
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Re: What are 'wow factors' that can increase house value?

Post by Otto Dargan »

Hi marvelous mike,

Small and minor 'wow factor' improvements can play a huge part in increasing your house value so you can focus on cheap wow factors like:
  • Dimmer switches that are generally under $100. With these, you can add a ‘deluxe’ vibe to a standard home.
  • Feng Shui, which is is a cheap method of increasing your house value particularly for customers that practice Feng Shui living. You can apply it simply by removing clutter, adding in healthy plants and fresh flowers, and repositioning furniture.
  • Built-in wardrobes which can cost you around $800 to $2,400.
  • Polished floors and heated tiles for a relatively cheap investment that can wow potential home buyers.
  • Recessed lighting added to your kitchen, bathroom and bedroom in order to boost up the wow factor of your home in under $1,000.
  • Ducted air conditioning from around $5,000 for smaller houses up to $15,000 for larger ones. Although ducted air conditioning is a bit on the expensive side, this is one wow factor that can significantly help in increasing your house value.
There’s actually no end to the options so the key is to ask the agent what people actually want. Your goal is to spend very little to get the maximum wow!

Before you get started, please make sure you have an idea of what you're trying to achieve. This can be to gt a higher bank valuation or maximise your selling price, and depending on that, you can also consider some renos such as adding in a granny flat.

We can order multiple bank valuations before lodging an application and choose the highest one to avoid Lenders Mortgage Insurance (LMI). Please check out our website to learn more or speak with one of our expert mortgage brokers directly by calling 1300 889 743 or enquiring online.

Cheers,
Otto
Otto Dargan
Mortgage Broker
P | 1300 889 743
Home Loan Experts

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