Home News 7 ways to upgrade your investment property without breaking the bank

7 ways to upgrade your investment property without breaking the bank

Font size :
When it comes to investment properties, it’s all about increasing the value so you can continue to make a profit. A huge part of that is making the property as appealing as you can to renters, or potential buyers.

So here are just some of the easiest and most budget friendly ways you can freshen up the outdoor aesthetics of your investment property today:

Paint it
Never underestimate the power of a fresh coat of paint. If you have the time and resources, repainting the entire exterior will transform your home – even if you keep the colour exactly the same! A new shade can change the whole feel, especially if you’ve swapped a light shade for a darker hue, or vice versa. 

For the more time poor among us, painting just the trims can be nearly as effective in refreshing the look of your home.

Fix it
You know those little niggly repair jobs that have been on your to-do list for weeks, if not months? Yep, you guessed it, find that toolbox and get fixing! Think about the small details, like the latch that is hanging loose on the front gate, or the three broken fence palings, or the faded front porch that could use another coat of stain. 

Fixing up a few things around the front yard is sure to give a more polished finish to your property – plus it will give you that satisfied feeling you only get after completely a task that has been on your mind for quite some time. 

Upgrade it
Sometimes you’ve got to spend money to make money – and you would be surprised at how little you need to spend to make a huge difference in the overall appearance of your home. Look around and take note of items that could be upgraded - new house numbers or letterbox, or even something as small as a new doormat. 

Fence it 
The type of fencing you have can have a huge impact on the street appeal of your property – a low, simple fence gives a modern impression and allows the design of your home to take centre stage, while a high, elaborate fence will give partial privacy and an aura of elegance. 

An old fence that needs a new coat of paint or some repair work also contributes to the overall feel, so perhaps consider putting aside some time to address this, or even call a professional to install an entirely new fence.

Change it
Even small change is refreshing – and your front door is the perfect thing to refresh when budget is an issue. Throw on a coat of bold coloured paint, a shiny new decorative knocker, some fancy house numbers or door handle, and you have yourself a completely overhauled front door that will leave guests and passers by with a lasting impression. 

Landscape it
A structured garden will always be easy on the eye, and doesn’t have to mean spending up big on a fancy landscaping job. The key is keeping things simple; otherwise you will create a very large and difficult job for yourself! 

All it takes is a little thought, and a bit of manual labour – remove unwanted, dead or overgrown plants and damaged stonework, kill the weeds and throw in some new bark and decorative stones. 

Reassess it
Stand on the street and look at your property – particularly things like awnings, shutters and other decorative features on the exterior. Are these serving the overall aesthetics of your property, or could they be updated or swapped for something more suitable? 

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan

Will Keall

Will Keall, iMortgage’s general manager, has a wealth of marketing and business development experience gained in Australia and the United Kingdom. These include high level roles in a range of sectors such as financial services, insurance, travel and tourism, motoring and professional services.

Will played a pivotal role in the successful establishment of iMortgage. His dedication and passion for the mortgage industry have won Will the utmost respect as an integral part of the iMortgage brand.

A self confessed “numbers and brand geek”, Will calls himself a conservative investor with a long-term philosophy. He also believes it’s important to “love where you live.”

Will is a cricket and football tragic, who also enjoys running.

www.imortgage.com.au

Mortgage News and Articles

House prices return to more affordable levels in mining towns House prices return to more affordable levels in mining towns

While the end of the mining boom caused property prices to collapse, on the plus side, homes are more affordable again Read more

Borrowers should anticipate a possible rate hike Borrowers should anticipate a possible rate hike Some experts advise borrowers to look for a fixed loan that allows extra repayments so that they can whittle down the balance sooner ... Read more

Why choosing the right mortgage is hard for first-home buyers Why choosing the right mortgage is hard for first-home buyers Many feel overwhelmed by the sheer range of products and interest rates on offer, a new survey reveals ... Read more

Mortgage applications drop in second quarter Mortgage applications drop in second quarter This marks the “beginning” of a downward trend, says Equifax executive ... Read more

More mortgage news and articles

Sponsored Links

Wednesday, Jul 26, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Whether you're a first homebuyer, looking to refinance, or investing, it's important to have the right loan for your needs. Just fill in a few details below and one of our trusted mortgage advisers will contact you.

A quick & easy way to find the right home loan
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords