If you’re planning to sell your home in the future, then it always pays (quite literally) to know ways in which you can increase the value of your property. There are a plethora of proven methods of making your home more attractive to potential buyers, allowing you to up your asking price just that extra few thousand. To give you some inspiration on where to begin, we have devised six top tips on how to add value to your home.
6 Top Tips On How To Add Value To Your Home
Whether you have put aside a large budget to enhance living space or merely want to give your home a new lease of life, there are a whole host of value-adding renovations, ranging from both ends of the price scale. Some may take months of planning and preparation, whereas others can be completed on your next day off work. So, without further ado, let’s delve deeper into our top tips!
1. Improve Curb Appeal
First impressions always count, so first and foremost, it’s imperative to ensure that the exterior of your home positively reflects what’s hidden inside. Particularly if you plan to advertise your property online, the first photos that will grab the interest of potential buyers are those of the outside of your home. In addition to online, another vital form of advertising is ‘For Sale’ signs, which again, are placed outside of your property. You never know who may walk past your home, spot the sign and book a viewing, so improving curb appeal should always be high in your priority list when planning to sell up.
So what is curb appeal? In estate agent language, its the attractiveness of not only your property but also its surroundings when viewed from your street. There are a whole host of ways that you can work towards improving your curb appeal, including the following:
- Add Colour & Life – There is nothing more captivating than a collection of bright, blooming flowers. If you have a front garden, then this gives you the perfect opportunity to plant your favourite flowers and greenery to give your exterior a new lease of life. Take a look at Medium for a guide to the ten best low-maintenance flowers for some beautiful inspiration!
- Clean Guttering – Especially as the Autumnal months set in, it becomes super easy for your gutters to begin accumulating leaves, dirt and debris. Avoid dampening the appearance of your exterior through regularly clearing out and cleaning gutters. You can find straightforward, 3-step instructions on how to do so on Cleanipedia.
- Install Lighting – A property that lacks lighting most definitely doesn’t give off a welcoming first impression. To make your exterior appear clean and bright, consider installing outdoor lighting. It is also one less job that potential buyers will have to worry about when they move in. For a generous selection of outdoor lights to suit every home, take a look at Lights4Fun.
The three suggestions mentioned above are just some of the many ways that you can improve curb appeal. For more ideas, head over to Moving.com.
2. Convert Your Loft
While it may seem like a costly investment, opting to convert your loft into living space is thought to increase property value by as much as 15%. To put this into money-talk, based on the average house price in the UK of £230,000, this could be as much as an additional £34,500. With the starting price of a loft conversion beginning at around £15,000, that’s more than double your return on investment!
The beauty of a loft conversion is that, unlike an extension, you do not need to sacrifice a single percentage of your floorplan to provide you with another, fully-functional room. You will merely be making better use of a space that would otherwise be used to store clutter. It is entirely your choice whether you stick to only transforming the loft space you have or slightly extend to accommodate, for example, an en-suite or dressing room. Another benefit of a loft conversion is that, in many cases, planning permission is not required. If you stick to the permitted development rules, meaning that you opt for a conversion which does not exceed 50m3, then you will not need to worry about applying for permission.
An incredibly insightful guide including absolutely everything you need to know about loft conversions, can be found on Homebuilding & Renovations.
3. Replace Old Windows & Doors
Along with improving curb appeal, another way to create a positive first impression is through replacing any old windows and doors. With age, windows and doors begin to deteriorate due to not only constant use, but also continuous exposure to adverse weather conditions. It is thought that replacing windows alone, if equipped with double-glazing, can add up to 10% to the value of your property.
When searching for new windows and doors, it’s vital to ensure that your shortlisted styles complement the aesthetics of your home. For instance, if you live in a new-build, then you would be best suited to more contemporary windows and doors such as those made from uPVC. uPVC windows and doors are available in a plethora of different styles and colours, which means you will be able to track down an option that will incorporate a modern twist to your new addition.
If you’re searching for reputable installers of windows or doors in Daventry, then do not hesitate to contact Danetre Glass. As specialists in the design and installation of a variety of products, our team promise premium quality from every project. We will spend time getting to know your requirements and property specifications to devise a plan that maximises results.
4. Increase Efficiency
Based on research by MoneySupermarket, improving the efficiency of your home is has now become an effective way to boost property value. With the ever-growing issue of global warming, it has now become more important than ever to strive for a more environmentally friendly approach to energy usage. It has been concluded that properties with an EPC (Energy Performance Certificate) rating of A or B can enjoy an increase in value by up to 14%. Even achieving the lowest grade of efficiency rating, which is an F, can add an extra 6% to the value of your home.
When hoping to improve the efficiency of your home, you most definitely won’t be short for ideas on where to begin. There are hundreds of proven ways to become more eco-friendly, the most popular being:
- LED Lightbulbs – In making the cost-effective transition to LED lightbulbs, you will instantly be using more than 75% less energy than you would do so with incandescent alternatives. LED bulbs also cost six times less money to run and last up to 25 times longer.
- Insulation – Insulation acts as a barrier between the inside and outside of your home. Without adequate insulation, according to Haringey London, it is thought that you could be losing 35% of the heat in your home through the roof and 25% through the walls.
- Programmable Thermostat – Installing a programmable thermostat will give you full control over your central heating system. It enables you to programme the specific time you would like your heating to switch on and off, meaning that no energy is wasted when no one is in the house.
More top tips on how to improve the efficiency of your home can be found on the Energy Saving Trust website.
5. Fix Structural Problems
No one wants to move into a home that is filled with expensive repair fees. With this in mind, if you plan to put your home up for sale in the future, then it is highly recommended to fix any structural or underlying problems that may impact the safety of the property. Allowing these issues to worsen or failing to resolve them before selling up will dramatically reduce the value of your home. Potential buyers are almost sure to either turn down your property or try to negotiate a lower price if they spot structural problems. Some common examples of severe defects are:
- Damp / Mould – While, initially, damp and mould prove incredibly unsightly, they can begin to impact the structure of your home. Rising damp, in particular, can start to decay skirtings, joinery and floor timbers, which means that your property will no longer be structurally stable.
- Missing / Broken Roof Tiles – Nothing will put off a potential buyer more than problems with the roof. Not only does missing or broken roof tiles leave your property open to water damage, but it can also cause the wooden structures to rot.
- Bowing Walls – If you have noticed any cracks on your foundation wall, then it is a good indication that the wall is starting to bow. Bowing occurs when there is too much pressure on the foundation wall, meaning that it is no longer able to carry its own weight. In the worst-case scenario, a bowing wall can collapse.
6. Transform Your Bathroom
The bathroom is one of the most regularly-used rooms in the house, yet is often neglected in terms of style upgrades. So, if your bathroom is looking a little dated or worse for wear, why not consider giving the space a well-needed transformation? And even better, your hard work will be rewarded with an additional 5% added to the value of your property!
When shortlisting bathroom upgrade options, it is entirely your choice to which extent you opt to redecorate – your budget will very much influence this. If you have a higher budget, then investing a new bathroom suite would be the most effective route, allowing you to reconfigure your layout to make the space just that little more functional. We suggest going for a more neutral suite design as this will create a blank canvas for potential buyers to envision making their own.
Those who are more limited in terms of budget, on the other hand, can keep the existing layout but refresh the interior design. Replacing your shower enclosure, sanitaryware and even accessories can make a massive difference to the overall appearance of your bathroom. A great way to add depth to your space, creating the illusion of a larger bathroom is through incorporating mirrors. Mirrors reflect both natural and artificial light, creating a bright and airy atmosphere. As experts in the design of bespoke mirrors in Banbury, we are always more than happy to help you to track down an option to perfectly complement your bathroom aesthetics.
The Home Of Potential Buyers Dreams!
In making even the smallest of home upgrades on a limited budget, you can successfully increase the value of your property. When shortlisting ideas, always envision yourself in the shoes of potential buyers. From an outsiders point of view, how attractive is your home? Is it worth your asking price? Is it filled with potential to create a truly unique space? Through spending time assessing your home with a fresh pair of eyes, you can spot ways in which your property can be improved, giving you a starting point for renovations.