With the property market thriving and with many looking to move into a new home, some homeowners are looking at ways to increase the value of their current home to achieve a higher selling price.
There are many ways in which you can do this to help you add value to your home. Here are some of our top tips!
Looking to extend your home is a great way to add value to your property. If you have space on the side, back or even at the front, it might be worth considering an extension. Making sure you are extending the right part of your home is essential.
One of the hot spots for a while has been the kitchen. Many families are looking to spend much of their time together, and one of the hot spots in a home is an open plan kitchen/family room. Having a great kitchen with a skyline is a great way to increase your property price, although this may come at a cost too, so you have to make sure that your investment will give you a return.
If you would like a valuation before commencing any work to understand if your investment will give you the return you are after, speak with one of our dedicated valuers by calling us on 0116 275 8888, and they will be able to guide you!
Some people may look at adding an extra floor! The loft space can be a great space to convert if you have the roof space to accommodate this.
Creating a dormer will add an extra room with a good floor area, especially if there is room to add a bathroom too!
Check with a professional who will guide you through the planning permission process and give you an estimated cost for your planned extension.
Land, this is definitely a great way to increase the value of your property! A few properties are very fortunate to have plenty of land to build, another property!
If you have sufficient land, speaking with an architect will allow you to see your potential. You might be able to add a property on the back or the side of your existing one, with suitable access given to each property.
If your architect feels that there is scope to build another property, and if your planning permission is approved, you can sell your property for a much higher price with the approved planning permission set in place. If you want to take the project on and see the build through, you will achieve a greater return on your investment, as you now will be selling two houses.
It’s also worth speaking with a mortgage advisor or finance broker, who might look at developer finance for you to carry out the build. Although this is a great way to generate an excellent return on investment, the process can be a stressful one if you don’t find the right builders. So make sure you have the right team in place to see the entire project through as quickly and as efficiently as possible, maximising your return on investment!
If you are not looking to extend or don’t have the space, a great way to increase the value of your property is by creating an open-plan living space. As mentioned above, an open-plan kitchen with a family room is a great way to create a cosy living space that most families are looking for. Open-plan spaces give more light, creating the illusion of a larger area.
You will need to check with a surveyor prior to creating these spaces to ensure your property has the right structure in place.
Upgrading your kitchen and bathrooms will add value to your home. These are vital rooms in any home, and having both looking great will allow you to ask for a higher price when you come to sell your property.
You might not even need to add a brand new kitchen. Replacing the doors/drawers or painting them, replacing the handles and changing the hob might do the job! Painting the walls and adding a backsplash will undoubtedly liven up your kitchen, especially if you choose light colours to create a greater sense of space.
The same goes for your bathrooms. Changing your taps to shiny new ones, adding a new power shower, new tiles, and bright lighting will give an excellent impression to prospective buyers!
Having your garden landscaped with a water feature, a seating area with outdoor furniture with soft finishing, a coffee table, an outdoor heater, and warm lighting for effect can undoubtedly create a fantastic space for people to enjoy outside. This will certainly add value to your home, as it creates a feature space for prospective buyers to enjoy!
Of course, there are still the basics that you should keep in mind. Give your walls a fresh coat of paint, as this often gives prospective buyers the sense that they don’t need to do much once they move in. Using lighter colours allows you to create a sense of space and brings more light into each room.
Make sure all your windows and doors are clean. If your front door needs replacing or if you can give it a fresh coat of paint, this will create a warmer welcome for prospective buyers, especially as this is the first thing they see when viewing a property. Keep your front garden tidy and trim and if you don’t have a front garden, and have stone paving, make sure you don’t have any weeds growing out.
Since it’s becoming darker much earlier, you might also consider adding solar lighting on the front of your house, creating a warm welcome for when prospective buyers come and view your property.
If you are looking to sell your property, speak with our dedicated sales team who will guide you through every step of the process by calling us on 0116 275 8888!
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