Increasing investment value: Tips for property portfolio renovations

After taking out an investment home loan and starting your property portfolio, you may begin to wonder what the next step in being an investor is. Owning property is a long term game, where waiting for value to accumulate is the end goal. 

However, there are a number of ways you can help to speed up the process, with one of the most common being renovation. There are a number of things you can undertake that can help you to increase the overall value of your property easily and effectively. 

Gardening

A simple way to increase your property's value is to simply redo outdoor spaces around the house. Digging into the backyard and planting a number of colourful, sustainable flowers is a good place to start. 

Furthermore, adding ornaments – such as bird baths, fountains or statues – can be a great way to provide a sense of class to the area. This could be especially useful if you couple it with an entertainer's deck, providing enough room for people to lounge and relax during summer. 

Kitchen

Redoing the kitchen is another place to focus your attention within the home. This is one of the busiest rooms in the house, with people using it multiple times every day. 

Therefore, you want to provide an environment that people wouldn't mind spending a lot of time in. Simple things like replacing old faucets and cupboards can help to improve the overall look of the room, while replacing the benchtop will provide the space with a new lease on life. 

These are just some basic ideas for renovating your investment property. Keep an eye out for interesting designs and consider implementing them into your portfolio.