When we decorate our properties, it is often driven by personal preferences in order to make a space fit into our own idea of what is stylish. However, if you are not just looking to decorate a space but to maximise the potential value of your property, then this guide explores the best ways to add value to your home.
Solve Existing Issues
Don’t jump straight to improving the appeal of rooms in order to gain the “wow factor”; instead, make sure that your property is structurally sound. It may have less cosmetic impact, but a house with a leaking roof, subsidence or damp will severely hinder you in achieving a strong asking price due to the perceived costs and effort in fixing the issues. Take the time to assess your property and ensure there are no major defects, and this will give a solid foundation to achieve the best price on the market as buyers will not be scared away by problems, nor will they be able to barter the price down.
Take a look at the central heating system in your house – If your central heating is on its way out then replacing this is more than likely to add value to your property as it is another issue which has the potential to put buyers off. Although the initial outlay for the central heating refit may seem high, you should more than recover these costs when selling the property as it is another key point which will assure buyers that your property is well-cared for.
Adding additional living space will always attract buyers as this offers them versatility in the way in which they will use the property. However, before you convert that loft or garage, we would recommend doing a little research. A converted loft can add thousands to the asking price of your property, so it is certainly something to consider – before you undertake this take a look at similar properties in your area and do some investigation as to what the top-selling price has been lately. There will be a ceiling price for the properties in your area and therefore before you add a room, make sure that there is the potential to recoup the cost or more in the asking price.
If you want to add value without any major outlay then picking up the paintbrush could be the answer. Freshen up any decoration that has seen better days around the house and do the same in the bathroom, checking on any sealants to ensure they are crisp and clean. Clean up a few simple defects and buyers will see your property in an entirely different light and could be willing to pay more for a home that they perceive to be in excellent condition. This should extend to the frontage of your home, so ensure lawns are mowed and outside areas look cared for. Kerb appeal is everything and first impressions count.
Kitchens and Bathrooms
That old saying that homes are sold due to their kitchens and bathrooms is so true. Having a modern kitchen and bathroom will add considerable value to your property, as well as generating much more interest from buyers. If you don’t want to invest in a brand-new kitchen and bathroom, then update them in order to make them more sellable. Kitchen cabinets can be painted to modernise them and changing the door handles to something sleeker will also help to create the feeling of a newer space. In the bathroom, refresh the paint on the walls, keeping it as neutral as possible, and ensure that the space is bright and airy – add mirrors to make the space feel bigger and use accessories to add colour.
This is clearly a different take on the typical advice and some of these top tips can be done at an inexpensive price which can completely revitalise your property so it’s often worth doing when selling to enhance the buyer experience as it often translates to a higher offer.
However, do your sums. Work out how much it would cost first, get quotes from local contractors and do some research on the valuation now and the valuation after the work. Then work out if it’s worth doing. Getting a local Estate Agent to help on the valuations and give practical advice will pay dividends but make sure you choose one with a proven track record and experience in refurbishments.