• Add value to your apartment

     


    Learn how to add value to your property with buyer's advocate, Frank Valentic

    Transcript:

    If you're looking to build a new home or renovate your existing property, today I'm going to show you some great tips to add some value to your investment.

    What better place than the Block to show you some of these tips.  Follow me. 

    We're in Shane Dean's apartment.  Originally this was the lounge room and they flipped the areas around so this is now the kitchen and it's got a great size.  The biggest kitchen on the Block. And they've also now created a fantastic butler's pantry. Which is great when you're entertaining your friends and family because you can store things out of sight and have another clean up and cooking area.

    In Luke and Ebony's apartment, they've done a fantastic job opening up this living area by pulling out these walls.  So firstly they consulted an architect, an engineer, and for a low cost, they were able to remove these walls and create this seamless open-plan living area, so that the family can be together while someone's cooking and preparing food.  And they can be entertaining and eating and also relaxing.  Buyers really love the open plan living area rather than having these separate formal dining rooms that most buyers don't use these days.  

    What Susie and Bonnie have done well in their master, is kept it all open, so it feels very luxurious.  It feels very spacious because there's no loss of space due to walls and doors.  Just one open plan, seamless space from, bedroom into walk in robes, and then into a luxurious ensuite.

    So we are in Andrea and Whitney's apartment on the Block.  One thing that works really well here is this outdoor entertaining area because you've got this seamless transition from indoor entertaining to outdoor entertaining.  And it's got all the mod cons that Australians love.  It's got an inbuilt barbecue area, a bar fridge, they've even got a TV.  So it's an entertainers delight.  And these are the sort of features that can add a lot of value when you're renovating the outdoor entertaining areas in your property.

    A home office is a great addition to a property.  It adds a lot of value.  It can turn a space like this, which was a real nothing space, into a great area now.  

    Having its own separate entrance area is fantastic as well, because if you are working from home, you can have clients come through, and they're not going through the rest of the home.

    So there's some great tips the Block contestants have utilised this year to add some real value to their properties.

    Hope you can use some of these when you're renovating your home.

    Happy renovating.

     

    About the author

    • Frank Valentic

      You have seen Frank bidding at auction on the hit television show, The Block over the last five seasons and have witnessed his competitive instincts and energetic nature first-hand, joining The Block as a regular weekly Buyer’s Advocate judge in 2015.

      Away from the television cameras, Frank is the Director of Advantage Property Consulting and is considered to be one of Australia’s leading Buyer's Agents and Vendor's Advocates. Frank has now teamed up with The Great Australian Dream as the series Buyer’s Advocate to show viewers the many tricks and tactics to purchasing the right property at the right price.

      Frank Valentic
     

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    The information here is of a general nature only and is not intended to constitute financial or tax advice. You should consult your professional adviser, accountant or taxation expert for advice specific to your personal circumstances.

    The views and opinions expressed in this article are those of the author alone and do not necessarily represent the views or opinions of RAMS Financial Group Pty Ltd ABN 30 105 207 538 (RAMS),  Westpac Banking Corporation ABN 33 007 457 141 (Westpac) or their related bodies corporate. This article is strictly for information purposes only and neither RAMS, Westpac nor any of their related bodies corporate make any representation as to the accuracy or completeness of the information in this article or endorse the views expressed in it.