The year started off with uncertainty in the housing market. With the Brexit looming over everyone’s thought, the property market took a tumble on the scale. However, there’s still demand for high-value properties in and across the United Kingdom. Here are a few tips on how to add value to your home if you decide on selling it in the near future. With proper adjustments, the value of your home can increase more that you anticipate.
Home improvements when done right can give a home a sense of affluence and opulence. This richness gives buyer satisfaction and comfort who will not be afraid to invest a little more in acquiring the house. Here are some well-researched methods on how to add value to your home.
Create more space
Spacious living always provides a sense of comfort and flow in the home. New buyers are often strictly looking for spacious rooms they can decorate to their liking. So as a probable seller, you will have to look into creating a spacious look of your home. If you have the budget, you could spend on creating an extension. Extending the living space with a well-made extension that fits perfectly to the aesthetics of the house adds 7-10 percent to the property value.
Fix Structural Flaws
Before you begin to make improvements to the interiors, you may want to inspect some structural flaws that might be apparent to the new buyer. This flaw will likely disappoint the buyer or even hamper valuation of the property. Things like sagging roof, leakage, insect infestation, unstable stairs are something no one prefers while buying homes. Fixing them will not cost you much but does add quality and value to the house.
Update services in your home
Features like electricity, plumbing and heating add lots of convenience to the owner. Having modern appliances replace old, and rusty installations add features buyers look for while buying a new house. A proper wiring, socket placement relieves buyer from doing the additional modification. Moreover, use of modern appliances, wiring and plumbing prevents from accidental fires and leaks adding benefit to the purchaser and value to the house.
Add a green space
An attractive garden will add a hefty amount to the value of the property. If you have an unused backyard, consider turning it into a garden with trees and plush plants. If you can, you can think of creating a conservatory for the garden. A garden should provide feeling a seclusion, and the perceived value of the home is increased.
Kitchens are a vital part of the home, and buyers reluctantly analyse the quality of the kitchen of a new home. Kitchen appliances, water supply, drainage, the layout should all be reconsidered to increase the value of the house.
When all things considered, the first thing you can do to impress the buyer is the interior decoration of the house. This can mean repainting the walls, replacing carpets, doors, and other equipment in the house. Add mirrors or paintings in the hall, plants in the living room and lamps in the bedrooms. All this might need some professional help, but when done right, it increases the character of the home, thus increasing the value of the home.
Finishing touches adds uniformity to the whole house without being bland or distasteful. Presenting is one of the key aspects of selling so you have to get it right to expect a good return.
Rename your home
A recent study by the Telegraph revealed that replacing old street numbers to regal names can raise the price of the property up to 40%. It also found that people like a proper name to the house than a street number to represent its location. Something like “The White Cottage” definitely sounds more appealing than “Blvd St 312”. Although this is not for everybody, some prefer to have unique and lavish names of their home. Moreover, all this just costs £49 at the local council.
Often people settle for minor superficial adjustments overlaying serious problems. They might fool a regular guy, but they probably can’t fool an experienced surveyor. So it is worth noting that offering value will help your gain more value in return. So it is up to you to confirm how much value you want to add to your home if you want to resell.