Did you know, that by making just a few simple changes, you could massively increase the value of your property? Not all of these changes are large-scale ones either – some are merely cunning, rather than costly. To help maximise the potential resale value of your property, we’ve put together this list of handy tips that will increase the value of your property.
Sure up your structures
Before making any cosmetic changes, ensure that everything is hunky-dory from a structural perspective.
Even if an issue is minor, not fixing defects such as damp, rotten joists, missing tiles, a sagging roof or bowing walls, will cause prospective buyers undue concerns about the state of your home – thus, unnecessarily reducing your asking price. Even worse, such issues may be discovered by a surveyor and scupper your sale.
Add a conservatory
A conservatory is a quick win – a relatively fuss-free way of adding both living space and financial collateral to your home. A well-executed conservatory will match the style of the rest of the house; it’s essential that the flooring is in keeping with what is already downstairs – this will ensure the conservatory feels part of the house whilst adding to the illusion of space.
According to Virgin Money, on average, adding a conservatory will add around 5 per cent to your home’s overall value.
Consider a loft conversion
Extending upwards is one of the easiest ways to gain an extra bedroom or bathroom – a loft conversion can increase your floor space by up to 30 per cent and add a whopping 12.5 per cent to the value of your home.
If you possess a lofty ambition to tap into the cash in your attic, a loft conversion may be just what you’re after.
Convert your garage
If you don’t use your garage, converting it into usable livable space will add value to your home and enhance your quality of life too. After all, 90 per cent of UK homes don’t actually keep a car in the garage. If you’re one of these people, why not add an estimated 10 per cent to the value to your property?
Reimagine your kitchen
The kitchen is the heartbeat of the home. In this room families come together, cool kids mingle at parties, children do their homework – as a result, an attractive kitchen can help convince a buyer to loosen their purse strings when making an offer on your home.
When renovating a kitchen, there are three key areas to consider: the position of your appliances, finding fabulous fixtures and fittings, and ensuring you have great lighting.
Fix the front
A little can go a long way. Small things such as adding a lick of paint to your property might not seem a big job, but it can make all the difference. As a rule of thumb,you want your property to stand out and look better than your neighbours – to do this, clean the windows, unblock the grids, sweep the driveway and paint the sills.
Top tip: the front door will most likely be a prospective homebuyers first glimpse of your property. Buying a new doorknob, brass letterbox and eye-catching stainless steel house number plates goes a long way to leaving a great first impression.
What are you waiting for?
We hope that after reading this article, you will be teeming with ideas to try that will add financial collateral to your home.
The beauty of these suggestions are, that by incorporating just one of them, you are adding to the value of your home in the long-term whilst enhancing the enjoyment you take from living there in the meantime.
Posted on: October 25, 2016