The $60 item that could add thousands to your house value

Publish Date
Tuesday, 18 April 2017, 11:13AM
Photo: Getty Images

Photo: Getty Images

With the housing market the way it is at the moment, it wouldn't be hard to get a good price for your home. 

But if you could add thousands of value to the sale with one $60 item, you would, wouldn't you?

Obviously, a lick of paint and a good clean can go a long way, but this solution is even easier. 

A study in the UK has found that buyers will pay up to 40 per cent more for homes that have a name rather than just a number.

Cottage plaque on a stone wall, Cotswold, England : Stock Photo
Photo/Getty Images

A name plaque for the house can get you up to $100K (NZ) more if it includes regal words such as 'Royal,' "Palace' or 'Lord.'

Other research has found that addresses that included 'Crescent' and 'Mews' boosted prices by 40 per cent and that homes with 'lane' in the address can sell for over $100K more than those with 'street.'

While this research was conducted over in the UK, who's to say this doesn't apply to Kiwi homes too? 

Might be time to go shopping for that perfect plaque! 


Take your Radio, Podcasts and Music with you