Figuring out the value of your home is sometimes a little tricky, and with the market growing eve...
Figuring out the value of your home is sometimes a little tricky, and with the market growing ever more competitive, some sellers will drop their price to make a sale. Whether that’s something you’ve considered – or will in the future – there are ways to increase the value of your home, with some being quicker and less expensive than others.
Depending on when you want to put your home on the market, your budget and the condition of your home, some may be more suitable than others. We’ve got some ways you can add value to your home, covering quick and easy to longer and more expensive options.
Expand for more space
One of the most obvious ways to increase the value of your home is to expand, commonly through a conservatory, loft or basement conversion but there are other options too. This can be pricey and take a lot of time – as well as requiring planning permission – so make sure you give yourself plenty of time to complete the work.
By doing this, especially with a conservatory, you’ll be cutting into your outdoor space (which we’ll talk more about shortly) so this is something to think about too. That being said, for many people, this extra space will be very attractive and can persuade many potential buyers into making an offer.
Decorate for a fresh look
A very easy way to add value to your home is redecorate the rooms, starting with those that have gone without such treatment the longest. This will make them look new and fresh, and if you use bright colours and natural tones, you’ll create rooms which are warm, inviting and spacious – exactly what potential buyers are looking for!
From a fresh lick of paint to new furniture, curtains and flooring – there are plenty of ways to add new life to your home. Thing about the lighting too, from natural sources like windows to the fixtures in the room, and decorate accordingly. You’d be surprised at how much bigger a room can look and feel by accentuating the light you already have.
Renovate rooms for a modern feel
If decorating isn’t enough, then you may be better off renovating a room, multiple rooms or the whole house! This goes beyond normal decorating and new furniture but adopting a whole new look and style.
Some rooms will be easier than others, by changing colours, trims, furniture, lighting and other elements. You can even change the shape and layout of rooms, offering up a realm of possibilities. Rooms like the kitchen of bathroom can benefit from new appliances, worktops and suites too. There’s a lot to consider, and doing up one or two rooms might be feasible but make sure they still fit with the rest of the house.
Don’t forget about the garden
It’s an easy one to forget – especially when the weather turns colder – but the garden can be a very good way to add value to your home. Maintaining your gardens is important to create warm and welcoming first impressions and they are great places to spend time outside in the summer and with company.
From patio areas to well-kept lawns, sheds for storage and painted fences, these spaces are havens for you and the family. Whether you want to expand it for more space or do it up to make it more appealing, there’s plenty you can think about outside that will be great ways to show off what you have.
Consider the cost against the reward
With anything you do, consider the cost versus the return you can expect from it. At this stage, you’re making these decisions and changes to appeal to buyers and increase the price of your home, but if you’re going to end up paying more than you’ll get back, it might not be the best move right now.
The value will probably increase, but in terms of how much you spend doing so, the return is something you must keep in mind. The more time you have to plan, the better you can prepare budgets and timescales to reduce the impact on you and your family.
There are a number of ways you can increase the value of your home, with some taking more effort, time and money than others. It’s important to weigh up all the factors before making a decision to ensure it’s the right choice for you.
If you’re thinking about selling your home, speak to us today to find out how we can help and what steps you can take to make sure you get the best price from potential buyers.