How To Add Value To Your Home
Your home is your castle, and while you live in it, you will want to get the most from it. However, the chances are that you have long term goals in mind. You may plan to sell your property one day, and when you do, you will want to know that you are going to earn an adequate amount of profit from it.
Selling your home, you should expect to have gained equity from it. Even if you don’t do anything to the house, its value should rise with inflation. However, this is not always the case. Selling up is usually a precursor to buying a higher value home. And if you are attempting to climb the property ladder, you will need to know that your current home will pay its way.
There are many ways that you can add value to your property, and some are easier and cheaper than others. Here are a few suggestions of ways that you can explore in your home.
The Exterior Look And Feel
Your home needs to look great from the outside. It should be inviting to any would-be buyers. First impressions count, so make the exterior of your property beautiful.
If you want to add curb appeal, you can do this relatively quickly, and for little money. Much of the work can be carried out by someone with minimal DIY experience, so there is no need to hire expensive contractors.
Think about painting the entirety of the outside of the property. Replace any broken guttering and look at the quality of the roof tiles.
Make Your Garage The Place To Store Dream Cars
There are many people out there who are very proud owners of some lovely vehicles. Having a decent garage is very important to these people, as they need a safe place to store their car when it is not in use. This is often a significant item on the preference list of many homebuyers.
Think about having a precision garage door fitted; this will allow easy access into the garage. Look at having your garage completely cleared out, and look at fitting storage onto the walls to keep the space clean and tidy. There is no reason why you should not give your garage a lick of paint, and you may even want to consider getting the walls plastered too.
Extend Upwards, Downwards, Or Outwards
Adding additional space to your home will add to the selling price. If you can add extra rooms, then this will appeal to many potential buyers.
The best way to create additional space is by repurposing your current areas. If you have an attic that is not in use, think about getting this made up into another bedroom. You may need to install firmer flooring and better insulation in the roof. Then, adding a staircase will allow easy access to the new bedroom. You may want to think about having a spiral staircase fitted if you don’t have space for a full set of stairs.
Basements offer a great opportunity to extend beneath your home. Think about rewiring and having your basement walls replastered. Your basement could make a great study, or games room. If there is anywhere that natural light can get it, then you may want to make your basement into an extra lounge space, or even a dining room.
It may be possible to extend your property out at basement level, depending on your garden. This can be a great way of gaining extra space, without upsetting neighbors by blocking sight lines or losing valuable garden space.
Conventional extensions can be a great option too. You will need to ensure you get all of the correct planning procedures in place before you commence any work though.
Rewire Your Home
If your home was built a long time ago, you might want to look at getting the wiring brought up-to-date. Having your fuse box modernized will not only make it more efficient, but it will also give your enhanced safety.
Many properties were built in a time when people used less electrical items. The need for sockets was much less. Having more sockets fitted in your home can be a great advantage. You may also want to consider the look of the outlets too, as well as having USB sockets included for easy smartphone and device charging.
Redecorate
Having a touch-up throughout your whole property can enhance the value when it comes to selling. Think about using light, neutral colors. Make sure you have a professional finish throughout and look at replacing carpets too.
Replace Your Windows
If you own an older property, it may not have the best windows. Having the right double glazing can help keep outside sounds from getting in. They make your home more energy-efficient to heat. New windows look brighter, and clearer too.
Improve Your Garden
Hiring a landscape gardener to design your outdoor areas may be a good idea. Having some trees and bushes planted can really make your garden attractive. You may want to think about having things like ponds, patios, or decking put in too.
Weighing Up The Value Of The Work
Whatever work you decide to get done, you will need to keep in mind the fact that you are ultimately out to make a profit. Anything that you spend now will eat into your profit, so you must keep a strict budget in mind.
If an improvement is destined to add an extra thirty percent onto the value of your home, then it may be worth spending a reasonable amount of money on it. However, if something only promises to add a minimal amount onto the asking price, then you want to hold off on spending very much on this at all.
It’s worth getting quotes for all areas of improvement, as well as having valuations of your property completed. You can talk to a real estate specialist who may be able to offer advice on how much specific improvements may add to your home.
