Are you planning on putting your house on the market but are disappointed with the value it currently holds? Do you want to increase home value?
Whether you’re planning on bringing in the builders or not, there are ways that you can add value to your home.
From paint jobs and decor updates to renovations and conversions, these are the ways in which you can make your house a little more attractive to potential buyers whilst maximising the space you already have.
Here are some tips to increase home value:
Convert a Loft or Basement
By undergoing a basement or loft conversion, you can utilise the space you have to create an extra bedroom and even bathroom. This often doesn’t require planning permission and it works with the current volume the house has to offer, however, double-check before going ahead with the work.
Drive-Way
If you are lucky enough to have space in the front, back or sides of your home, it might be a smart move to create a drive-way. Not only does this save you from having to search and pay for parking on the streets, but it is also appealing to buyers, hence can increase home value. The planning must comply with your local authority Highway regulations.
Structural Issues
Think about insect infestations, mould, paint damages, cracks in walls or floors, leaks in ceilings and the roof and any general damages to the house.
These structural issues need to be fixed before any decorative work can be done. These issues must be fixed to ensure the security, safety and protection of the home and the people living within it from the conditions outside.
Garden
It is said that people decide whether they want to buy a house just from the first impression of being outside.
Typically, we tend to spend the majority of our time focusing on the interior of our homes, but we forget that the garden is an area that can be greatly utilised. Many buyers are looking for a space that their pets or children can play as well as a place to relax and socialise when the sun decides to come out.
Gardens are attractive when they have a degree of privacy so why not invest in fencing to put up? Make sure you know the rules as to how high your fence can be.
Update Decor
Perhaps the most obvious aspect of adding value to your home is to update the decor of the interior. It can be hard to envision yourself living in a space that is outdated and not your style.
Choose between a having a unique design or keeping it simple to appeal to the wider audience. By having an interior that is stylish yet adaptable, it will make it easier for potential buyers to envision themselves living there.
Update Your Home’s Heating System
A new or updated central heating system will allow for your home to become more energy-efficient whilst adding more value to your home than it costs to implement. You could even install underfloor heating or add radiators to warm up the house and to increase home value.
To find out more ways to make your home more energy-efficient, read our blog post.
Replace Old Windows
Adding double glazing to windows is seen as a must when buyers are looking to buy a house. However, when working with a period property, it is important to understand that by replacing old windows you might reverse the desired effect of adding value to your home.
Build a Conservatory
In this modern-day, we spend more time inside than out and so by building a conservatory, you are able to have an area to relax with natural daylight. Also, the extension of available living space is very attractive to buyers. Depending on each home, you might need to apply for planning permission and meet the building regulations.
Security
When looking around a new home, it is important that the buyer feels that they would be safe living there. Not only is the safety of individuals important but the safety of belongings and sentimental possessions are just as important to homeowners.
If the house lacks security, it is likely that it will put buyers off. By implementing simple security measures such as locks, chains, security cameras and automatic light sensors, you can easily add to the value of your home. Even more so, consider adding a safe or panic room to your home so that during periods when space is vacant, you can lock your beloved gaming PC and jewellery away in the dreaded case of a burglary.
Summary
Whether it is a small or big job, calculate the return in investment and decide whether adding a conservatory or converting a loft will increase home value or if it will cost more in the long term. It can be hard to find a good builder in your local area and so make sure that you do as much research as you can before starting any major work to sell your home.
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