How to Add Value to Your Home in a Cool Market

Brodie Kane, Gracie Hitchcock, and Tegan Yorup invite real estate agent Shem Raffles to discuss strategies for adding value to homes in a cooling market. They explore the current state of the property market, noting that while prices have dropped since the peak in 2021, good homes are still selling, albeit at a slower pace. Raffles emphasizes the importance of maintaining curb appeal and suggests simple improvements, such as landscaping and cleaning, to enhance a property's attractiveness to potential buyers.

The conversation shifts to specific renovations that can add value without breaking the bank. Raffles advises against major overhauls like kitchen or bathroom remodels unless they are absolutely necessary, as these can be costly and may not yield a good return on investment. Instead, he recommends smaller updates, such as painting cabinetry or improving outdoor spaces, which can significantly impact a buyer's first impression. The hosts and Raffles conclude by stressing the importance of ongoing maintenance and presentation, encouraging homeowners to treat their properties with the same care as they would their vehicles, ensuring they remain appealing even when not actively on the market.

Buying at the peak of the property market left Reagan sitting on a heap of debt. So, how do you rebuild equity when the market is cool?

Local real estate agent Shem Raffills joins us to break down practical, low-cost ways to add real value to your home without overcapitalising or wasting cash on massive renovations.

This episode was brought to you by our friends at http://enable.me - helping Kiwis build better financial futures.

See more from Where’s My MoneyInstagram: @‌wheresmymoneynzFacebook: Where’sMyMoneyNZTikTok: @‌wheresmymoneynz

Host: Reagan White

Content Manager: Lauren CoffeyProducer: Maia Williamson