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Renovating in Hamilton? Maximise your investment!

Renovating in Hamilton? Maximise your investment!
Hamilton’s median house price reached a record high of $562,000 last April, according to Real Estate Institute of NZ Statistics. Meanwhile according to some Trade Me property data, the average asking prices have hit a record $645,900 in May. This trend is expected to continue for some time. Demand for homes is quickly outstripping supply. The disparity is so huge that, according to a Stuff NZ report in June, Hamilton will need around 900 new property listings for the market to balance itself out. Nevertheless, confidence at both ends of the market is rising, leading to increased competition among buyers. Homes above $1 million are currently selling strong, representing 3.3 percent of total city house sales during the first quarter of the year. On the other hand, high-end lifestyle properties located along the edges of Hamilton are even selling around the $2 million mark. The median government value of homes sold in the city in April alone was $415,000 with a relatively quick median selling rate of 36 days. In other words, the market is in favour of the seller. So if you have plans of putting your property on the market, now’s the best time! To take full advantage of the market right now, you may want to consider some do-ups to increase your property value and guarantee a quick sale. These are the home improvements known to bring the best return: Walls Nothing spruces up a home’s look and vibe easier than freshly painted walls. Go with the interior colour trends of today to give your home a modern look. Or stick with neutrals to appeal to...