Your home is your primary asset. Of course, this can only be ensured if you’re willing to invest a little elbow grease over time — regular maintenance will complement your strategic buying in the right area and ensure it doesn’t turn into a liability. We share tips on how to ensure your investment doesn’t cost you money in the long run and why installing quality roller shutters can be one addition to your property that sees you laughing all the way to the bank.
Ditch the swimming pool.
Even though our summers are borderline apocalyptic, when buying a property as an investment a swimming pool can be more trouble than it’s worth. The life-changing experience of plunging into cold water on a hot day may be better left to a trip to the beach or community pool. Money spent on pool maintenance can be better invested into other “extras” that offer a better return on your investment. For example, with a touch of saving, you could add an extension to your home that will increase both your living space and cost you minimally in upkeep when done well.
Design for living.
“Form ever follows function” might be an overused maxim, but it’s become cliché for a reason. Using every wave of maintenance as an opportunity to make your property a more functional place for the business of living goes a long way to ensure it appeals to the widest market should you ever resell. Resist the desire to follow trends, and prioritise facelifts and additions that appeal to the widest market. Paints in neutral colours, pantries added to kitchens, permaculture gardens — these are all investments that stand the test of time and make logical sense as things that both make living easier while honouring that form, itself, also performs a worthy function. An efficient home needn’t be an ugly one, but you should probably use that leopard print wallpaper you had planned for the lounge in a more private space.
Why 3: Presentation more than location
As much as buying in “the right” location seems the easy fallback, the way your home is staged for resale can make a more significant difference. A badly maintained home in the best location may not do as well at resale as a well-loved, neat home in a suburb due for urban renewal. Buy in an area you can truly afford, and make small updates to the kitchen, bathroom and facade over time. This is especially cost-effective if you’re able to do this on a house you’ve bought as an investment that’s initially earmarked for rental. The rental effectively pays for part of your mortgage, and you can easily schedule renovations for in-between leases.
Why 4: Install quality roller shutters
One of the best ways to protect your asset is by installing roller shutters. They make such a difference to your quality of life that they can deliver some of the best returns of any home improvement you plan to make. Not only do they provide physical protection against Australia’s temperamental climate, but they’re also great ways to reduce noise, ensure a good sleep and protect your family heirlooms from sun damage. CSIRO-rated against the radiant heat of bushfires, additional safety features to discourage break-ins… It’s hard to believe that such a deceptively simple object can do so much, and requires so little of your attention. Now you can leave your home unattended, or in the care of tenants knowing that roller shutters have you covered.
Contact us if you’d like to know more about this wonderful invention. We’re a family-business dedicated to efficient, friendly service. We take pride in making sure you get your money’s worth without hassle. That means we’ll never be “those pushy salespeople” who can appear to be doing their best interpretations of being a gale force wind when it comes to trying to get through your door… Reach out when you’re ready, we’re standing by to answer any questions and begin your smart investment journey.