Adding Value To Your Property Purchase
The best way to achieve capital growth in a property is to buy a property that needs some work. Small things that don’t cost money can add to a property’s value.
For example:
- repaint in neutral colours
- redo kitchen surfaces and add new drawer handles
- retile the bathroom
- update floor coverings
- replace heavy curtains with blinds
When selling presentation is key. Buy new bathroom towels, get fresh flowers, use hire furniture and artwork. Spend time making the property look light, fresh and ready to move in to can make a big difference to the final price.
Even though your first home may not be perfect it can get you into the market and you can use its capital growth on your next property.