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PROPERTY IMPROVEMENTS
WHICH UPGRADES ADD VALUE ?
Start in the kitchen as this is where sellers can expect to recoup between 60-120 % of their investment . While your refurbished kitchen ’ s ROI is also reliant on the condition of the rest of the home , an open-plan , modern kitchen is a major selling point for prospective buyers . Here one should consider elements such as having enough space for appliances , the general functionality of the kitchen ( e . g ., a dishwasher that ’ s close to a sink ), and attractive countertops .
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Bathrooms next Following kitchens are bathrooms , where savvy upgraders can potentially add 3-4 % to the total value of their home with a recently updated bathroom while also appealing to a bigger pool of buyers . A lack of bathrooms and outdated bathrooms can be a big turn off for potential buyers . Consider ripping up the outdated bathover-shower fixture and going for a clean , contemporary look . New taps , basins , tiles and / or an updated vanity can make all the difference .
“ A pool pump uses significant amounts of electricity each month and must be run each day to keep the pool in good condition . With electricity prices being what they are and the average costs of installing a large pool at over R100 000 , this is something to carefully consider .”
98 AUGUST 2022 SA Real Estate Investor Magazine