Five Ways to Increase the Value of your Property Before Selling
Whether you’re looking to sell soon or far in the future, investing in your home is one of the cleverest ways of increasing the value of it. Whether you’re looking to spend the money on a renovation, or are just looking to add some newer additions to spruce it up, here are just five of the ways you can increase the value of a property.
Update your kitchen and bathroom
They say the kitchen is the heart of the home, and no one can escape using the bathroom, so it’s safe to say both are big points of value. If you’re selling a property, chances are buyers are likely to pay more for a brand new – or brand new looking – kitchen or bathroom to save them the money and hassle of renovating when they move in, so both are worth investing in.
Cost Effective: If you’re looking for cost effective ways without having to entirely tear both rooms apart to replace, there are ways of making it look newer. Replacing cupboard handles/doors in both can give the illusion of a brand new room, and a lick of paint can liven it up too. It may sound obvious, but clean thoroughly and update any accessories. For example if your bath mat and shower curtain are looking grubby, get them replaced! Regrout between any tiles, and bleach both rooms so they’re immaculate. Likewise, invest in some good lighting to really give it that showroom feel.
Renovating: Alternatively, if you’re really looking to invest and have some money to play with, you might want to consider renovating aspects of both rooms. Kitchen islands and breakfast bars are very desirable, so adding one of these to your kitchen can give it an edge. Countertop flare is also important – going for something with a marble effect makes your kitchen look flashier and more expensive. Think new tiles in both rooms – something modern and timeless, but neutral enough to give buyers the chance to choose their own colour scheme. And of course, upgrade your appliances to modernise it. If you only have a bath, add a shower (or vice versa) – giving choice adds value.
Convert your loft
Of course, adding an extra room to your property will increase it’s value. Although it can be expensive for a conversion, there are certain home improvement loans you may be eligible. It’s important to do your research before going ahead with a loft conversion.
- Double check your loft is actually suitable. Usually they require a minimum head height of 2.3m in order to convert. If not, you can remove sections of your roof to gain headspace, but this adds further cost and may mean you need to apply for planning permission.
- If you’re able to go ahead with it, make the most of the space you have. Big windows maximise the light, and create not only nice views, but a spacious feel.
Convert your garage
Again, the extra room will add value to your property. So if you have a driveway and no need for a garage, why not create extra living space?
- It can add up to 10% on the value of your home.
- Yes, it can cost averagely £1,000 – £1,250 per square metre, BUT it tends to add more value onto the property than it actually costs to do, so it’s arguably worth it.
- There’s still a lot to consider, including the possibility of needing planning permission.
Add a conservatory
Not only does it bring the outside in to your home, but it’s an effective way of enjoying the garden all year round! Again, you’ll more than likely need planning permission for this.
- You’ll be gaining an extra room (and yes, extra value)
- It will allow more natural light into your home.
- There’s plenty of variety to choose from – so you can get it looking exactly the way you want.
An attractive garden inevitably increases the price you’re likely to sell your home for, but it needn’t be too expensive.
- Plant flowers that are instantly eye catching and colourful.
- Repair any leaks/sewage issues that may be visible.
- Shape trees/shrubs/hedges for tidiness.
- Nothing says luxury like a water feature, and buyers will pick up on it straight away. It’s worth having one installed if you have the space and funds.
Finally, if you’re all spent up after transforming your home, but you want to have it valued prior to sale, why not book a free home valuation? https://www.readysteadysell.co.uk/free-house-valuation/. This way you’ll have an idea of how much you’ve increased the price of your home by, before you even put it on the market.