If you have decided that in the next few months, you want to sell your home, you might be wondering about adding value to it. When it comes to making a good profit on a property, many homeowners chose to make a few tweaks before selling to boost the value.
While updating certain areas of your home can be an amazing way to add value, it’s crucial that you’re careful about it. As any realtor will tell you while some updates do add value, others do little to boost how much your home is worth. That’s why, if you’re going to add value to your home, you need to know what you’re doing.
To help you ensure that you chose the right ways to add value, we thought that we would share these three useful tips.
1. Adding space is always a winner
Any type of update that will add extra space to your home is an excellent way to add value. Buyers are often willing to pay more for a property that has additional space, so adding value through extra rooms is ideal.
If you want a quick way to add extra space to your home, an extension is not the way to go. While they do add a great amount of extra room to your home, they need planning permission, and often, at least, a few months.
A loft or basement conversion, however, could be ideal. Ideally, a loft conversion is a better option, as basements can suffer from damp that can be expensive to deal with. If a loft or basement conversion isn’t affordable, a cheaper way to add value is with a conservatory. The only downside to this, of course, is that it would take up some of the garden space. This is fine if you have a large garden, but not if it’s a little on the small side.
2. Smartening up is worth the cost
If the property is looking a little worse for wear – maybe it hasn’t been decorated for years, smartening it up could add a good amount of value. Depending on what updates you opt to make, smartening the place up with modern decor and fixtures could boost the value by thousands. Of course, that all depends on the updates you make.
Decorating the interior walls in neutrals is a good place to start. Any flooring that’s old or stained should also be replaced. The kitchen should be updated with new paintwork, kitchen worktops, and fixtures. The living room should be updated with neutral decor and the light fittings replaced. And the bathrooms should be updated with new fixtures and fittings.
3. Garden updates tend to be successful
Ask any realtor what the most important part of a property is when it comes to selling, and they’ll say the outside. You see, buyers make up their minds about a property in the first 15 seconds of seeing it. So if the exterior of your home isn’t well presented, it will most likely put buyers off.
Simply by smartening up your garden by getting rid of junk, mowing the lawn, and replanting the flowerbeds, you can add a good amount of value. More extensive updates like adding a patio or deck, a pond, or a lit pathway, can add even more value. If you don’t have a green thumb, consider hiring a gardener to update your outdoor space for you.
These three tips should help you to give the value of your home a boost, as well as making it easier to sell.