5 Best Ways to Add Value to Your Home

5 Best Ways to Add Value to Your Home

October 28, 2016

5 Best Ways to Add Value to Your Home

Homeowners know that property is a safe, stable investment, but maximising the sale price of your home when the time comes to sell should be something every homeowner considers. There are plenty of alterations which can be made to a property that make it both more valuable and also more enjoyable, so you’re not just adding value for the sake of profit; making your home a nicer place to live benefits you and can stand to bring in a little extra income when it’s time to sell. Having guided many buyers through finding their ideal home, and many sellers through establishing an asking price, we’re ideally placed to offer advice on what makes a home more appealing. Here’s our top list of the best ways to add value to your property:

Invest in some extra security: A truly universal desire is to keep our homes and loved ones safe, and a house which has an additional layer of security helps to keep our minds at ease. This isn’t to say you need to fortify your home and bar the windows; simply investing in an alarm system and modern locks is enough to show that your house is safe and secure. Increased security can often lead to reduced contents insurance quotes, too, which helps to offset your initial investment.

Better Insulation: The less heating you pay for, the more you save, and the cosier your home feels when it’s cold and wet outside. For older properties this might mean investing in some cladding for the attic or some additional wall cavity insulation, and more modern properties might benefit from the installation of double glazing. As well as keeping the heat in, better insulation also keeps sound out, meaning that the students next door won’t keep you up with their all-night parties any longer. If your home has a high energy efficient rating, don’t forget to get an Energy Performance Certificate to demonstrate to potential buyers just how energy-efficient it is.

Boost that kerb appeal: First impressions are hugely important, and anything you can do to make your viewers think “Wow!” as they step out of the car is money well spent. Of course, there’s a limit to what you can reasonably do, but some relatively minor cosmetic improvements can make a world of difference when it comes to impressing potential buyers. For example, ensuring that your front door is freshly and neatly painted is a good start, and it may be worth experimenting with a new colour as well (try matching with your window sills for a classy look). You can also pick up a fresh new doormat and some shiny new house numbers for a reasonably low price, both of which will create the impression of a fresh, clean home before buyers even enter the house.

Put up some solar panels: A set of solar panels on your roof is a great way to reduce your dependence on fossil fuels, and also cuts back on energy bills. Not only can you make a significant saving, but any electricity you don’t use is sold directly back to the national grid, meaning that if your daily usage remains low you can actually make a net profit! The image of solar panels as an ugly eyesore is long outdated, and solar panels can be easily fitted out of sight on the rear of a home (keeping that all important kerb appeal intact).

Extend Your Lease/Buy the Freehold: If you own a leasehold property, you’ll need to check that there are more than 80 years remaining on the lease. If not, it quickly becomes very expensive to renew, and the longer you leave it, the less likely you are to sell the property – an untended lease can cost upwards of £20,000 to renew, and many mortgage providers will refuse to finance the purchase of a property with a lease of under 70 years. The majority of flats in the UK are leasehold properties, and the majority of houses are freehold, though there are exceptions in both cases.