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After a year at home, many of us are considering selling up and moving to a new location for a fresh start. In order to get a reasonable price for your property, you may need to make some changes to increase its value. You can opt for bigger or more minor changes, depending on how much time you have before selling up.
Here are a few simple tips on how to increase the value of your home.
Fix the small things
Little things make a big difference in the property world. Little cracks and wear and tear can significantly reduce the value of your home over time. Redecorating is the most popular home improvement, and for good reason. A fresh lick of paint can give your home a new look – opt for a neutral color palette to align with the minimalist interior trend.
Make sure to fix any dripping taps, squeaky floorboards, and mold stains to make your home brand new. It’s also worth painting your front door or replacing it altogether to make it stand out in your neighborhood.
These days potential homeowners aren’t just concerned about the appearance of the property – they want their homes to be eco-friendly too. You can make simple changes to your property to increase the selling price. Install smart home technologies, like a smart meter and fiber optic cables, to attract new buyers. Smart meters can reduce the property’s energy quote and help your home to stand out on the market.
Speculate to accumulate
Spending money can help you reap more back in the long run. Extensions, pools, and tennis courts can drastically increase the value of your home. Consider turning your attic into another bathroom or bedroom. In fact, a staggering 29% of homes sold in 2019 included a recently added bathroom. An extra bedroom can add up to 15% more value to your home.
Of course, applying and receiving planning permission can delay renovation projects and make it difficult to sell your home quickly. Consult your local planning authority to check if there any major roadblocks standing in the way of your planning permission application.
A simple cellar renovation is one of the best renovations to make. If you are not making any structural changes, you probably won’t need planning permission from your local authority. Always make sure to check before starting work on your property to avoid delays and challenges later down the line. A cellar conversion can increase living and storage space and raise the property’s value by 30%.
Adding a spare bedroom or bathroom to your property is worth the time and effort. Make just to finish off your renovation with a fresh color palette and flawless finishing.