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Best Home Improvements for Resale

Look after your home and it will look after you

Routine home maintenance is well worth the investment and over time your property should appreciate in resale value.

Here are some tips to ensure that what is probably one of your biggest investment delivers returns for you.

Inspect it.

Not every home improvement is cosmetic. Deteriorating roofs, termite infestations or outdated electrical systems can result in a decrease in your home’s value. Hire a professional to check out the areas of your home that you don't normally see. The cost of hiring a professional will be worth it in the long run. And the sooner you spot something in disrepair, the easier, and cheaper, it is to fix it.

Small bathroom updates equal a big return.

Bathroom updates are always a smart move. Even if you can't afford a full remodel, small changes such as getting rid of dated wallpaper or replacing old lighting, will update the room without denting your wallet.

Cook up more value in the kitchen.

You don't have to start from scratch to create a winning recipe. By looking after and even replacing some of your older fixtures, such as a stained or leaky sink, you can help make your home more attractive to you. Even small updates, like new taps, will add value to your home.

Brighten up.

A fresh coat of paint, externally or internally, can make a significant difference to the look and feel of your home. Not only can the right colour bring out the best in a room, but repainting where there is cracked or peeling paint can also give your home a new and contemporary appearance.

Don’t overcapitalise.

Don’t spend more than you will be able to recover if you decide to sell. Consider what similar properties in the area are selling for. An enormous, hi-tech kitchen that takes up a lot of space in a modest apartment, for example, might not add the right kind of value. Be practical and mindful when it comes to renovations.

By following these tips you should see a return on your home’s value in the coming years.

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Loan repayment terms range from 24 to 72 months. The maximum interest rate with regards to a DirectAxis Personal Loan is 27.75% per annum (compounded monthly). Your rate and initiation fee will be determined according to your personal risk profile.
An illustrative example of a loan at an interest rate of 27.75% per annum would be: Loan amount R50 000 plus a once-off initiation fee of R1 197.00 and a monthly admin fee of R68.40, over 72 months.
The total cost of the loan will be R 110 529.68 which is an Annual Percentage Rate (APR) of 30.95%.