At some point you may want to sell your current home or investment property. We all want to maximise the value of our homes.
It might be surprising to know that there are some renovation projects that can decrease your home dramatically. Hopefully, you still have not done any of these things.
Luckily, if you are thinking about improving your home, there are some renovations that can increase your home’s value quite significantly. Let’s have a look at what those are.
At the end of the article I will also share with you the biggest value killer.
A recent article by News.com.au really caught me by surprise.
As investors, our greatest aim is to keep diversifying our portfolio. Diversification can help absorb losses made on a particular property better. Ideally, every seasoned investor wants to have a very high ratio of profitable properties in his/her portfolio mix. However, is it an easy goal to attain, especially when there are so many factors that can test the property market economy?
In the property cycle which commenced in the month of June 2012, prices have attained really high proportions in the last 9 months or so. An article on the website Smart Property Investment talks about how Sydney has superseded its previous peak by a staggering 15.8%.
Home Price Growth In Sydney Continued in June 2017 – and Beyond?
This is according to a report written by David Scutt for Business Insider Australia, who notes that: “Prices in Sydney, Melbourne, Canberra and Hobart all screeched higher, logging gains in excess of 2%, while those in Perth jumped by 1.4%,” based on statistics released by Corelogic for their Hedonic Home Value Index.
This is encouraging news for all investors and home owners. But what about the future?
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