Property Insight November 2014

Page 79

PROPERTY ENHANCEMENT

painted rooms look clean and updated — and that spells value. Never play with colours. Don’t paint the walls orange just because you love orange. When selecting paint colors, keep in mind that neutral colors appeal to the greatest number of people, therefore making your home more desirable. With that in mind, your best bet is to settle with colours like white, grey, and earth colours. Be consistent, too. You can paint a feature wall if you like but don’t be tempted to mix and match to avoid turning your wall into a canvas. And remember, a quick trip to the local paint store can give you new ideas and open you up to new color possibilities.

The right Furniture

In relation to wall colouring, you also have to consider the colours of your home’s furniture. Imagine this: a green sofa against a red wall. You know when colours are mismatched between your walls and your furniture if you get bothered at the mere sight of them. Again, always remember to select furniture with neutral colors to appeal to a wider audience. Select pieces that are simple and minimal as they are versatile and can go together with just about any setting. Accessories are also another tool you can use to give your investment property a boost in appeal and value. Small finishes like a stainless steel door knob or a delicate soap holder can really give your property a luxurious feeling. Framed mirrors are also an excellent way to add space and depth to an empty corridor or room. Carpets and rugs accent any room and give a cosy feeling.

Storage, storage, storage

Potential buyers love it when they know that they have a place for all of their stuff in your investment property. So while you’re renovating, identify spaces where storage areas can be added. The areas you

need to focus on are the kitchen for drawers and cabinets; the bedroom for closets; and the study for drawers and racks. Another strategy to add more storage is to choose key furniture pieces that have integrated storage space. Beds that come with drawers beneath, side tables with storage compartments and even benches with hidden storage are always a welcome sign to any potential home owner.

The kitchen

One of the key selling points of any investment property is the kitchen. It is essentially the hub of any home and where all the daily activity happens. If you have a dated kitchen, it makes sense to upgrade to a more modern and contemporary design if you want to appeal to your potential buyer. New, clean cupboards and bench-tops, new electrical appliances, ample storage and lighting is key to deliver that appealing factor. An island bench can give you that much needed wow factor and tiles can add a dose of style and glamour. However, be careful not to go overboard.

The bathroom

A beautiful bathroom is an important room in any house. Outdated bathrooms may put off a potential buyer or tenant so it is important to get this space right. To maximise the value of your property, ensure you renovate your bathroom with tiles that are light and reflect light. It gives the impression of cleanliness, opens up the room and makes it look larger. Another thing that can give your bathroom that WOW factor is the use of a grand mirror that reaches the ceiling. Framed in wood or tile, a tall, expansive mirror with lighting installed on top of it, or hanging in front of it, will double the light’s impact and make the space grow. Upgrading your bathroom fixtures can also evoke an atmosphere of luxury. Try adding

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