If you follow the news, you know already that the prices of resale flats in Singapore have gone down slightly in the first quarter of 2019. Anyone interested in selling may feel troubled by such developments, especially those who have an older HDB resale flat.
The age of the flat and the market trends are just two of the factors that influence resale prices. There are things you can do to add value to the property and to seek a higher price than the one you would have sought otherwise.
Home improvements and upgrades rank among the best option for adding value to your HDB resale flat.
The trick is to choose the improvements and the upgrades that are most affordable and that bring the highest return on investment.
Every experienced Singapore interior designer will tell you that potential property buyers will look at the kitchen and the bathroom before exploring any other part of the HDB apartments.
A few simple kitchen upgrades rank among the best options for increasing value and selling a property quickly.
For the kitchen, it’s best to keep the décor clean and functional. This is the place where food is prepared. Hence, the interior design has to be modern, minimal and created to make appliances/cooking essentials readily available.
A brand new countertop or a kitchen backsplash can transform the appearance of the kitchen completely. The same applies to the installation of new cabinets or the renovation of the existing ones. Old cabinets can easily be sanded, painted or varnished to look brand new again.
If you want to free up some space and make the kitchen look more spacious, you should definitely opt for built-in cabinets.
Add a Fresh Coat of Paint to All Rooms
The walls show signs of wear and tear. They are indicative of how the HDB flat has been maintained, which is why you need to add a fresh coat of paint before attempting to sell.
This is probably the most inexpensive HDB apartment renovation that can contribute to stunning results.
Fresh, bright colours give the place a bit of atmosphere and character. Paint is known to fade, become yellow and to crack with the passage of time. This is definitely not the impression you want to make on potential buyers.
Painting a few key rooms white is a great choice because it allows potential buyers to visualise the manner in which they’re going to modify the apartment after acquiring it.
No two people have the same idea when it comes to the best method of utilising a living space.
The manner in which you’ve arranged the HDB flat is definitely not the manner in which a potential buyer intends to use it.
Hence, you may want to think about the creation of flexible spaces. These allow for rooms to be reconfigured, making the living space customisable and suitable for the needs of different groups of potential buyers.
Such an upgrade can contribute to the resale flat finding new owners very fast. The reason is simple – a flexible space will appeal to numerous demographics.
To execute the idea, keep wall hacking to a minimum because it can be expensive. Focus on a few key areas and use sliding, folding doors and movable panels to enable different types of partition.
Hire an Interior Designer
If you can dedicate a slightly larger budget to the renovation of your HDB resale flat, you should definitely consider the selection of the right interior design company for the job.
This option is also the best choice for owners who feel their home is in need of a complete renovation or an overhaul of the current interior.
An interior designer simplifies the renovation because this professional handles all parts of the process – the conceptualisation of the new décor, the search for materials and supplies, hiring contractors, overseeing their work, etc.
When extensive work needs to be done, opting for professional assistance can save you money. Otherwise, you will have to go through processes you don’t understand on your own. Such endeavours can result in poor execution and errors that will eventually have to be fixed by professionals later on.
Do you want to hire a Singapore interior designer but you’re not confident about the sufficiency of your budget? It’s still a good idea to opt for a first consultation. If you let the designer know what your main priority is, they will come up with a tailored package that will help you meet your goal without going overboard on the spending.
Home Guide’s team has worked on the renovation of numerous resale flats. We’ve dealt with some really outdated HDB apartment interiors, turning the living spaces into bright, modern and joyful homes.
Don’t take our word for granted – please explore the Home Guide residential portfolio for a better idea about our style and competences.
Contact Home Guide today to add value to your resale flat.