Selling a home for a price you would like can be difficult if it is outdated and run down. Luckily, there are plenty of things you can do to increase the value of your property. Some are simple, and some come at a cost. At the end of the day, however, they can pay off well. Here are some ways to add value to your home, no matter your limitations!
Solve Structural Problems
The most important thing to do if you want to add value to your home is to deal with any structural problems. Some buyers may want a fixer-upper, but it will certainly help you both if you deal with some of the main issues such as damaged walls, electrics, etc.
Convert your basement
If the build cost per square foot is less than the price of the square foot of the area, transforming your basement into a living or storage space can increase the value of your property by up to 30 per cent. This could actually be one of the easiest home improvements to make as it qualifies as a ‘change of use’ for planning purposes. This means, no planning permission is needed.
Extend the kitchen with a side-return extension
A side return is a narrow area that runs adjacent to the kitchen in a typical terraced or semi-detached house. By adding more kitchen space with a side-return, you gain valuable space and can improve the overall layout.
Loft conversion to add a bedroom
Typically, a loft conversion can cost around £500-600. The reason this will add more value is that it will provide an extra room. According to a recent survey, a loft conversation can add an average of £23,754.57 to your home value. It also means you can advertise the property with an extra bedroom, which could attract more buyers.
Add Value by Decorating
It may seem tedious and simple, but a quick home makeover could be just what you need for buyers to see the value of your property, and even increase your asking price! Here are some areas to think about:
- peeling paint
- door latches that don’t work
- mouldy sealants in kitchen and bathroom
- dripping taps
- sewer smells
- squeaky floors and stairs
- cracks to ceilings and plasterwork
- lifting flooring
Get a new bathroom
A new bathroom will certainly add value to your property. However, this can be a heavy investment. Don’t worry, there are ways to update your bathroom on a budget. For starters, you don’t need to go overboard with a new layout, and you don’t need to buy anything brand new either. Shopping for second-hand bathroom products can still bring your current room up to scratch at the fraction of the costs.
Make the living area open plan
If you feel your home doesn’t fee big enough, you needn’t invest in an extension. An open plan kitchen and living room can open things up to create the feel of a bigger space. This can be a DIY job or you may need expert help. It all depends on the structure you’re dealing with.
Complete a Garden Makeover
If your garden is looking overgrown or out of date, your property value will certainly benefit from a redesign. There are a few things that can contribute to increasing the property value and improving the garden layout:
- Many homeowners prefer privacy in their garden – Fences and bushes can provide this
- Splitting it into areas of function, such as seating and planting, can help demonstrate thoughtful design and planning.
- A well-designed deck can extend the buyer’s idea of how much usable living space there is.
Sell your Property with Joule’s Estate Agents
There are many things you can do to increase the value of your property but having an estate agent who can give you an accurate valuation is the best first step. At Joule’s Estate Agents, we take pride in selling properties in the Heaton’s. If you’d like to learn more, get in touch.