Insurance Worth the Cost with the right Company

Jan 1, 2018 8:00:00 AM Share this:

A home represents year of work to build up precious possessions and investment in the future. It makes sense to take some precautions in the event of losing such valuable assets. Home and contents insurance can buy peace of mind. 


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Topics: Harcourts South Africa, Add Value To Your Property, Insurance

Make your Garden Good Enough to Eat

Oct 23, 2017 8:00:00 AM Share this:

These days few people have the time or space for a separate vegetable garden or orchard, yet there is no reason why you can’t incorporate food-bearing plants into your garden, creating an easy, edible landscape.

There are hundreds of different plants that can fulfil any landscape need, and at the same time add something that can be eaten. You can savour luscious berries and sun-ripened tomatoes as well as exotic vegetables with many species nowadays just as abundant in attractive pots as in the garden.


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Topics: Agent Life, Gardening, Add Value To Your Property, Garden

Luxury kitchen design trends this year

Oct 16, 2017 8:00:00 AM Share this:

This year is all about going one step further with the trends we’ve grown to love in our kitchens in the recent past. As we find new ways to use popular materials, and designers start to look at kitchens in a whole new way when it comes to both form and function.

Here are some of the stand-out trends we’re starting to see in our luxury listings.


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Topics: Add Value To Your Property, luxury features, Home Trends

Mordernize your bathroom

Aug 28, 2017 8:00:00 AM Share this:

Bathrooms are one of the rooms in your home that can add value for buyers. The team at Resene have some great ideas for bring out the best in your bathroom.

While it’s often one of the smallest rooms in your home, that doesn’t mean bathrooms need to be bland and boring.  Use the right colours together, add the right materials and that poky little bathroom space can easily become an oasis of calm.


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Topics: DIY, House of Inspiration, Add Value To Your Property

Can a veggie garden add value to your home?

Aug 14, 2017 8:00:00 AM Share this:

The green revolution has become widely popular, and for good reason, with retail outlets offering organically grown food, businesses installing solar panels for residential purposes and a major surge to reduce wastage by on natural resources, it will continue to become a part of our everyday lives.


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Topics: Add Value To Your Property, buying and selling

When not to renovate your property

Nov 15, 2016 10:44:36 PM Share this:

When not to renovate
If your property needs repair or you’re considering a few renovation projects to get it ready for sale, there are a few things you need to consider first.

Although well-planned, cost-effective renovations can add value to a home, there is always the risk of over-capitalising. That’s why it pays to consider the types of renovations that add value and appeal to potential buyers. So, when you’re looking to sell, when shouldn’t you renovate?

Remember, renovating for your own personal use and renovating to attract a wide range of potential buyers are two different things. It all comes down to your return on investment or ROI. Basically, you’ll want to ensure the amount you invest in the renovation is less than the value you’re adding to the property, and the sale price you’re likely to achieve.

Here we explore some of the situations where we wouldn’t recommend renovating if you’re looking to maximise your sale price.

Check your margins
If your property isn’t in desperate need of repair and you’re confident you have a decent amount of equity existing in your property, renovations may not be necessary. Especially if after crunching the numbers, you’re not confident you would be increasing the sale price by that much, and remember a return on investment can never be guaranteed.

A general rule of thumb when it comes to renovating a property for profit, is to spend no more than 10% of the property’s value on the alterations. So, the first step would be to ensure you have an up-to-date valuation of your property, undertaken by a professional.

The next step would be to work out a budget, and ensure you add a buffer in case of unforeseen additional expenses. Using the 10% rule, this means a home valued at R500,000 would have a total renovation budget of R50,000. Any more than this, and you risk
over-capitalising.

Do you need a quick sale?
Most renovations take time, to plan and budget for as well as to be completed. So, if you’re looking to sell soon, renovations may not be possible. Remember too, that renovations often go over budget and can take longer than anticipated so factor all these considerations into your decision.

Who are you renovating for?
Some renovations appeal to most buyers, such as a kitchen or bathroom upgrade, but others are personal to you and your needs, taste and style and therefore won’t appeal to the largest number of potential buyers.

This can include adding extensions such as granny flats, converting bedrooms into specific-purpose rooms like a media room or library, and separating rooms by adding additional internal walls.

Who are you selling to?
This is where research is key. What is the demographic of your property’s neighbourhood? Mostly singles and couples? Mostly retirees or mostly families? Finding out who the neighbourhood is likely to attract will help you determine suitable renovations and not so suitable ones.

For instance, if your local market is likely to attract families, think carefully before adding stylish but potentially hazardous staircases, or ornate glass features. Or if your potential buyer is most likely an investor, keep renovations to a minimum as they will almost certainly have their own plans and your changes may add no value to them at all.

Ask if you’re unsure
When planning a renovation, don’t shy away from asking your local real estate sales consultant their opinion on the condition of the property, the type of buyer the home is likely to attract, what similar homes in similar condition are selling for and any renovations they would recommend. You may be surprised, if your home isn’t in need of massive renovations your sales consultant will tell you and you may save yourself a lot of hassle, time and money.

 


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Topics: Add Value To Your Property, Selling your Home, Renovations