How Can You Improve the Value of Your Home?

How Can You Improve the Value of Your Home?

March 21, 2017

How Can You Improve the Value of Your Home?

If there’s one thing that every house owner wants to know, it’s what they can do to maximise the value of their property. A house is an extremely large investment to make, and in many cases homeowners will be wanting to sell their property after a set period of time.

Whether they’re intending to trade up after a few years, or to retire into a smaller place, it’s important to bear in mind the value that you can expect to receive from the sale of your property. Even if you’ve bought a home purely to start a family, and not as an investment, you should still keep an eye on the house’s value over time, since you will eventually want to move.

There are some simple steps which homeowners can take to help increase the value of their home. Though these will usually take some time, and a little extra investment, some hard work before you sell can add tens of thousands onto the eventual sale price; very handy when you’re looking for your next home!

Improving the Value of Your Home

             Something key to remember throughout this process is that what you spend on your home should be guided by the amount it’s worth in the first place; there’s no sense in fitting a £25,000 kitchen to a home that’s worth £250,000, because buyers in that price range simply can’t afford to stump up that much extra for a top of the range kitchen. Similarly, if you have a million pound-plus mansion, you’ll need to invest in appropriately expensive fittings, since the buyers who’ll be looking at the property will expect a much higher standard of furnishing.

The Kitchen – The kitchen is very much the heart of the home, and it’s where a large part of family life takes place. Not only is it where we cook, but it’s often where we eat, watch TV and do homework. Such an important part of the house needs to feel welcoming and comfortable, but this doesn’t necessarily mean stripping out your existing kitchen and fitting an all-new set of fixtures; instead, fitting matching hardware (like handles, knobs and rails) throughout the room, and a neutral, warm colour scheme (for your appliances, walls and cupboards) is a cheap way to make the room feel welcoming straight away. Lighting is also very important, and some strategically placed mirrors and lamps can make a cramped room feel bright and airy.

The Bathroom – A nice bathroom can make all the difference to how a house feels to live in, but doesn’t need to cost the earth. Simple additions like a heated towel rail, a high-quality power shower, nice new taps and a coat of paint can add thousands to the value of your home, while only costing hundreds.

First Impressions – When people pull up to the viewing, you want them to start falling in love with the house immediately. In fact, you want them to start falling in love as soon as they see the first picture of your home, so it’s vitally important to make your home as appealing as possible from the outside to turn viewers into buyers as quickly as possible. The key areas to look at here are your front door, the kerb-facing wall of the house and the front garden – a new coat of paint, a new knocker, and an afternoon’s gardening can really attract buyers, and the more buyers you have the more likely you are to be offered above your asking price.

Additional Living Space – A conservatory can be a great addition to your home. Although it isn’t cheap, it provides an excellent extra room with fantastic light and space. Well-positioned, it can make the rest of the home feel roomier as well, simply because of how the extra lights leads the eye. An extension is also a great way to add value, as long as it’s planned carefully with thought to how it could be used by the next owners.

Parking Space – Depending on where your property is located, parking space might be at a premium. If you’re living in the centre of a city, for instance, off-street parking could add tens of thousands to the house’s value; in this case, it may well be a good idea to concrete over your front garden (with planning permission). What you’ll lose in kerb appeal you’ll more than make up for in sheer usefulness, and your house value will reflect this.