If you want to work your way up the property ladder to your dream home, maximise the value of your current property. From extensions to kitchen upgrades, adding soft furnishings and improving the look of your garden, there are lots of ways to make improvements. Before even considering cosmetic improvements and repairs like new bathrooms, kitchens, flooring or redecorating, it’s essential to fix any major problems. OK cosmetic solutions can hide issues from potential buyers but they are very unlikely to fool a professional valuer. This could prevent your home from selling.
Tackle any structural defects straight away whether it’s:-
- A leaking or sagging roof
- Cracks to walls
- Rotten joists or roof timbers
- Missing or broken roof tiles
- Rising damp
These types of defects can all be repaired but it won’t be cheap. They are likely to be quite expensive structural projects. However, in terms of adding value to your property, they are essential. If in doubt, consult a builder, surveyor or structural engineer.
It’s time to spend
After the Brexit result, the property market across the UK has steadied itself again. The UK economy is on the up so what better time to take steps to increase the value of your home. Here are a few suggestions:-
A loft conversion
This is the easiest way to add an extra bedroom or bathroom. There’s no real disruption and most of the work can be done from the outside. Spend around £20,000 on a loft conversion and you can add £40,000 value to your house.
Build a conservatory
Extending your living space is always a great idea. How about building a conservatory? Enhance the feeling of space and flow by installing the same flooring throughout the downstairs living area. On average a conservatory can cost between £5,000-£30,000 and can add around 7% to the overall value.
Paint the house
If you’re selling, you’ve got to get buyers through the front door first, right? To do this, make sure the outside of the property is spick and span by painting it. It can cost anywhere from £100 to £1,000 but could add approximately £5,000 to the value with a professional finish.
Spruce up the bathroom
It won’t cost you a fortune to spruce up the bathroom. It’s all about new features like a set of new taps, a heated, chrome towel rail, a power shower, a glass screen or a big new shower head. Even smaller and not so expensive items like this can increase the value giving it the wow factor.
Don’t forget the garden
An attractive, well-designed, tidy garden can certainly add a great deal of value to any property. Consider adding new fences or mature trees as well as border plants and bushes. Give your garden the make-over it deserves. When you decide to sell, expect more interest and more profit.
There are really many ways to increase a home’s value whether it’s installing a brand new kitchen, remodelling existing space or adding kerb appeal. Work out who your buyer is most likely to be and go for it.