From PropertyTalk.com Community Wiki
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Adding value
Adding value is simply altering a property in some fashion to increase its value. This is usually done either to increase the profit from a sale, to improve the speed at which a property sells, or to increase the investors equity allowing them to borrow further against the property.
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Ways to add value
There are many ways to add value to a property. Some of the popular ways include:
- Cosmetic improvements (paint, floorings, curtains, etc)
- New or upgraded kitchen or bathrooms
- Adding a bathroom or Adding a bedroom
- Outdoor living space
- Indoor / outdoor flow
- Garaging
- Adding another dwelling (minor dwelling, granny flat, sleepout)
- Converting a property into multiple flats
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