Add Value to Your Property
With property shows still dominating our TV screens, most people assume it's easy to become the next Kirsty or Phil when it comes to adding value to a property.
There are several ways you can add value to your home – but it's crucial to set a realistic budget for improvements and focus on making alterations that will actually help boost the value of your home in the long term.
Below, we offer 5 top tips for adding value to your property...
1. Add an extension
The short term cost of adding an extension may be high, but in the long term you could reap the rewards as prospective buyers admire the extra space. However, it's important to bear in mind that an extension should always fit with the look and period of your house – a clash of styles could have disastrous consequences.
As most extensions are added on the ground floor, it's best to focus on improving the living room or kitchen rather than adding an extra bathroom – ground floor bathrooms are a notorious hard-sell. Sometimes simply by obtaining planning permission for an extension you can add value.
2. The kitchen is key
The kitchen is the central hub of the house – and with relatively little work, you can give this room the 'wow' factor needed to attract potential buyers. A revitalised kitchen could potentially add thousands to the value of your property.
Replacing existing units and worktops with new ones can transform the feel of a kitchen, and may not cost as much as you might think to carry out.
3. Work on the windows
It's often subtle changes that can radically add to the value of your property – and that's certainly the case with windows. Depending on the age of your home, taking a little time to focus on the windows could help you reap the rewards. Adding light to dingy rooms could prove invaluable.
Whilst installing double glazing can help block out noise and retain heat, in other cases a period home may benefit from the restoration of traditional windows. As a rule of thumb, try and ensure windows are in keeping with the overall look of the house, especially externally.
4. Driveway dilemma
Off road parking has become increasingly important to the modern day buyer, so if you have the space available to add a parking space outside your property, it's certainly an option worth considering – particularly if you live in a city or town where parking may be at a premium.
Naturally, you may have some concerns how off road parking may impact on the external appearance of your home, but in most cases it's a sensible choice, especially in a town centre environment where buyers may have off road parking as a top priority.
5. Focus on flooring
Although adding new flooring isn't going to increase the value of your property significantly, done well, it's a risk free option that, as part of a range of improvements, could help see the value of your property creep upwards.
If you're planning to sell your property any time soon, wood flooring could really enhance the appearance of your home, especially in communal areas such as the living room and kitchen. Hardwood floors will also have a longer shelf life than fresh carpets, which is something to think about as you assess all the options available to help add value to your home.
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