6th Apr, 2016
There are some key ways to maximise the value of your home before putting it on the market, which could push it into the next price bracket.
Here are our top 5 tips for adding value to your home:
Convert the loft
This is the most straightforward way to get an extra bedroom and even a bathroom. You’ll find there will be minimum disruption to the lives of you and your family while the building work is ongoing, as much of it is done outside. According to Nationwide Building Society, a loft conversion can add up to 22% to the value of a property.
Update the flooring
Worn carpet in areas that are well used, such as the hallway, living room and staircases, can be off-putting for potential buyers. The growing popularity of hardwood floors means there are some really good looking options for a very reasonable price. Some of the hardware chains are selling it for an affordable £20-25 per sqm.
Improve the kitchen
A brand new kitchen can cost thousands, however with a little imagination and some basic DIY skills you can upgrade your old kitchen at minimal cost. Consider simply changing the doors, an easy way to refresh the appearance of the room. Many buyers will be looking for a property that requires minimal initial financial outlay; if your kitchen is functional and looks smart, a buyer is less likely to see the need to refurbish it and your house will be more appealing to them.
Let the light in
Glass bi-folding doors can bring huge amounts of light into your home and visibility to your garden. Custom made doors cost around £1000 per door leaf and standard size options are available for even less. Strip lighting is a cheap way to give a sleek and modern look to a home. It can be fitted under shelves or kitchen units and costs just £20 a metre. Hang mirrors on your walls to magically increase the feeling of space and make the most of any available light.
Add an extension
If you add more floor space to your home its value will go up. A conservatory can be an efficient way to improve your home and to showcase your garden. If you do not have the funds to extend your property, then talk to an architect about how your property could be extended. If you can secure planning permission (at a cost of £1,000-£2,000 for a survey, design and planning processing) you’ll make money by having done the groundwork for potential buyers, who may already be thinking about ways to extend the property.
Article source: www.telegraph.co.uk, www.gq-magazine.co.uk
Image source: pixabay.com
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