Simple renovations to build home equity

Simple renovations to build home equity

Looking to add value to your home? Here are some easy upgrades that can help.

Kellie George
Kellie George 30 Jul 2021 ・ 2 min read

Whether you’re planning to sell or thinking about refinancing, renovating can be a great way to build equity within your home.

With a few strategic upgrades, you can significantly increase your home’s value - and get a great return on your investment.

Give your landscaping some love

If you aren’t a natural green thumb, there’s a chance your landscaping could be lacking. And it could be a good idea to give your garden an overhaul.

A professional landscaper can help you create a beautiful garden to improve the appearance of your home.

Or, if you’re planning to DIY, local suppliers can offer advice and guide you towards the best options for your property.

Build an outdoor living area

If you have space in your backyard, another simple way to add value to your home is to build an outdoor living area.

By doing so, you are essentially adding an extra living space which will be an added feature when time comes to have your home valued.

Don’t forget to seek the relevant permits from your local council.

Add a new ensuite

As a highly sought-after feature, adding an ensuite or powder room can be a great way to build equity.

While this is a more substantial renovation, a new ensuite or powder room can give the value of your home a serious boost.

It will also help your home appeal to a broader pool of buyers if you decide to sell.

To help finance your renovations, Liberty has a range of flexible personal loan options. For support to find the loan type that’s right for you or to learn more, contact a Liberty Adviser today.

Kellie George
Kellie George Author
Kellie George is a financial writer with more than eight years’ experience. As a former small business owner, she understands the challenges that self-employed borrowers face when securing finance. Kellie is currently renovating her own home and has a passion for interiors, design and all things DIY.