Want to increase your property’s value? Here’s how to do it
The goal for vendors is to sell the property for more than it was bought it for. To achieve this, you want to make sure that your property is in the best condition before selling; enhancing the properties features will boost its value! Wanting to renovate but need a little inspiration? Look no further! Here are some of Space’s top tips for increasing the value of your property:
Whilst you might love watching Grand Designs, increasing your property’s value doesn’t have to break the bank. Simple, low cost steps can really push your property upwards in value. It might seem obvious, but we really cannot stress enough the importance of de-cluttering and deep cleaning. By ‘deep clean’ we don’t mean simply tidying a few of the kids toys away but rather making sure the kitchen and all its appliances are scrubbed and left gleaming will make your property much more appealing. It could be worth hiring professionals to do the job for you – for a one off clean this is still a relatively low-cost measure to improve the value of your property.
Adding a lick of paint to the walls is another great, cheap way to freshen up your property. Don’t go crazy and redecorate the whole house with a jazzy design; you won’t be living there to enjoy the benefits yourself, so you just want it to appeal enough to potential buyers. It’s best to neutralize the decor and let the property speak for itself.
Pricier tips (but worth every penny)
Sometimes your property might need more work doing to it than a simple lick of paint and tidy up. You might have a damp problem, or structural damage which can really affect the appeal and value of your property. Potential buyers will be put off if they see your property as too big of a project. It’s better to sort any major issues before you allow people to visit your house; prioritize fixing broken roof tiles or the leaky roof before paying out for anything else. Whilst cutting corners in the short-term might pay off, these issues will come back to haunt you later.
If you have the money to do so, it could be worth your while to renovate the kitchen. Kitchens are often the main focus point for potential buyers; if your kitchen is a little dated, a modern makeover can really boost your property’s value (somewhere between 5 and 15 percent). Bathrooms are also important to potential buyers, so if you can afford to modernize and give your property a facelift, you will really reap the rewards when it comes to putting it on the market.
Below is a chart to demonstrate how renovation adds value to your property:
Don’t forget the garden!
We don’t get a lot of sun here in the UK, but when we do you can be sure that the garden will be occupied. If you have a garden, it is important to keep up with the maintenance and spruce it up if needs be. Potential buyers will be put off if the grass is overgrown and covered with weeds; chipped paint on the fences and bird excrement on the garden furniture isn’t a great look either! A neat, well-kept garden will do wonders for the property’s value and appeal, so it’s worth getting your shovel and spade out.