Tips on how to add value to your property

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16 Oct 2018

The best ways to add value to your home, whatever your budget

Author: Anthony Gibson

In a buyer’s market, homesellers should take advantage of quick wins and consider larger investments to give the best impression. While preferred house styles differ from person to person, there’s a lot to be said for a smart, well-presented home. Depending on your budget, there are some tried and tested improvements you can make to help your property stand out, appeal to a wider pool of potential buyers and – perhaps most importantly – get the best offer possible.

Here’s our top tips on how to maximise the chances of having your home snapped up, whatever your budget.

 

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Paint the house

As the saying goes, it’s amazing what a lick of paint can do – both to kerb appeal and by making your home stand out on an estate agent’s website. Keeping the outside of your home spick and span is key to this.

The cost is relatively low, usually between £100 and £1,000, but it could add an agreeable amount to your property’s overall value. At the very least, you’ll become the envy of your neighbours and hopefully encourage more viewings from prospective buyers by boosting that all-important kerb appeal.

 

Refurbish the front door

A very cheap yet surprisingly effective refurbishment. You can smarten up your front door by buying items such as a new doorknob, a brass letterbox or a stainless steel house name/number. Smarten up any rough edges to your door and doorframe by sanding and giving it the once over with fresh, neutral paint.

Don’t forget this is normally the first thing a buyer will see so make sure you give them the best first impressions.

 

Freshen up the bathrooms

The secret to an attractive bathroom is keeping things simple and uncluttered. A huge amount of work may not be required on the room itself, so Location, Location, Location’s Phil Spencer suggests it’s best to focus on the fittings that adorn it.

Items such as a new set of taps, a power shower, a glass screen or a glass door can go a very long way and can be purchased at a reasonable cost from your local home ware store. The best bit? They’re easy to fit yourself, meaning a DIY bathroom refurb need not take more than one day.

 

Spruce up rooms with soft furnishings and mirrors

As with bathrooms, bedrooms don’t often need a great deal of work. Spruce them up with a few soft furnishings and a fresh set of curtains. Picking an accent colour can be more effective when scattered around a room, as opposed to re-painting or papering walls, so enjoy choosing complimentary accessories.

It’s also worth bearing in mind that a cramped, cluttered room or hallways is often the first thing potential buyers will notice when they come to visit your home. As if by magic, hanging mirrors can visually enlarge a small space, and helps to give the illusion of more natural daylight.

 

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Convert the loft space

Adding an extra bedroom and bathroom is one of the most effective ways to boost your property’s value, and the easiest way to achieve this is often a loft conversion.

While in principle this is a cheaper and more practical option than converting a basement (if you have one), transforming your clutter-filled loft into a living space can produce a few headaches.

The key is to ensure access to the loft is easy and that the conversion fits the rest of the house, rather than looking bolted on. Floor joists will also need strengthening, meaning the floor level will be raised, so make sure you leave enough ceiling height to stand up in.

Done right, Nationwide suggests that spending £20,000 on a loft conversion could add over £40,000 to the value of your home.

*It is always important that any changes you do wish to make conform to planning and building regulations.

 

Build a conservatory, orangery or extension

While an extra bedroom is desirable, especially one with an en-suite, remember that living space is worth more per square foot than bedroom space.

The danger here, however, is that conservatories can make or break your home’s aesthetic. Simply bolting an extension onto the back of your home will result in your property looking modular and unattractive.

According to Everest, well-built conservatory can add at least 5% to the value of your home, while a full-blown extension could add as much as 10%.

*It is always important that any changes you do wish to make conform to planning and building regulations.

 

Replace the windows

It’s important only to make alterations that match the age and style of your property, so only install a different type of window if the current ones don’t suit the house, or are simply past their sell-by date.

 

Turn weedy gardens into prime parking

If you’re in an urban area where parking is a premium feature, you can add some serious value by maximising every inch of exterior space. As well as paving over the front garden, you will need to drop the kerb and are likely to need planning permission.

It’s estimated that having an attractive driveway to compliment you home can add up to 10% on to your property’s value, according to Virgin Money.

 

If you’re thinking about selling or renovating your home – no matter how large or small the project – arrange a free, no obligation valuation with our experienced sales teams. Call 01344 985 666.

 

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