If you are looking to get your home on the market in the near future, earning as much as you can from property sales is important!
Photos by: Unsplash
There are many ways you can add value to your home by completing a few simple tasks. Certain projects not only improve the visual appearance of your property indoors and outdoors, but also its value, and you don't necessarily have to spend a fortune to achieve that. Here are some useful pointers to consider if you are looking to add value to your home when you bring it to market:
1. Expand your home
If you have enough land around your property and believe that you could use it to add to your home, an extension could be an option to increase the resale value of your home. This could turn the humble home into a desirable property on the market. Research has shown that a well-planned extension could add up to 12% to the value of your property, provided you use the space wisely and seek advice from a specialist to suggest the design and layout.
2. Restoring or repairing period functions
When you own an old home with unique features, it is important to get the most of it when you want to bring your home to market. Since there are already a large number of historic properties in the market, you need to make sure that your home stands out from the crowd to attract interest. You have to reveal the history of the house and ultimately show the property in all its glory. The idea is to keep and restore as many elements of the original building as possible to give the property a more interesting story and of course the attractiveness of the buyer.
3. Address structural problems
Before putting your home on the market, you need to make sure that structural issues have been addressed as these will not only scare off buyers but also affect the property's resale value. Sinking is one of the most common yet damaging problems and can be extremely expensive to repair, but it is a must before selling. There are many other structural flaws to be noted including:
4th bathroomRoom renovation
While it can be quite costly, a bathroom renovation can dramatically increase the resale value of your home. A small remodel can be as easy as replacing a bathtub, toilet, and sink. However, if you want to impress your buyer, you should go so far as to have a completely remodeled bathroom design that is in line with current trends.
5. Garden
Did you know that the appearance of your property can also affect the value of your home? The garden is ultimately an additional space for residents to relax. However, if your home is not getting the “wow factor”, you can lose a significant amount of money reselling it. The lawn should be moved, trees and hedges cut back and at least have clear paths to make it presentable for the market.
