If you’re thinking of selling your property, you will no doubt be looking for ways to increase the asking price. But before you embark on any costly and time-consuming renovation projects, find out what simple steps you can take to increase the value of your home.
Make a good first impression
You never get a second chance to make a first impression, so make sure the front of your home is welcoming to potential buyers.
An attractive front door will provide curb appeal and add value to the property, without having to cost you much. Simply give your front door a power wash or a fresh coat of paint so that it sparkles. Adding a new doorknob or welcome mat will add a hint of luxury, too.
You may also want to repaint your front window frames and give the glass a wipe down before holding any house viewings. These simple tasks will help to raise both the aesthetic and value of your home.
If you’re lucky enough to have a back garden (not everyone in London is!) make sure that you give it some TLC.
You can add value to your yard on the cheap by simply pulling on your gardening gloves and weeding your flower beds. Be sure to also mow the grass and trim any hedges to make sure your garden looks its very best.
Tall trees can often block light from entering your home, so consider whether you’re best off cutting any nuisance ones down.
Add value with your windows
Double glazing is generally a must-have for buyers, increasing the value of a property by up to 10% thanks to its energy efficiency and sound insulation properties. Bear in mind, however, that houses that are listed or in a Conservation Area will require planning permission first.
You can also improve energy efficiency by sealing draughts around doors and windows with draught-proofing strips. Read more advice about improving energy efficiency in our blog post on Energy Saving Tips: How to Reduce Utility Bills at Home.
Period homes will increase in value too, provided you retain their original features. So if your old wooden window frames are damaged, don’t try to cut corners by replacing them with cheap plastic versions; this will likely slash your property’s market value and could go against planning laws.
Instead, try to repair and restore period windows whenever possible. Eventually, you’ll reap the benefits when you come to sell.
Fix any structural problems
Spotting and fixing issues including leaking roofs, rising damp or broken roof tiles is crucial for adding value to your home.
Any care given to the exterior of your house, should be matched on the inside. While cracks in walls and ceilings can sometimes be filled in and painted over, bigger problems should be sorted by a professional who can remedy the issue before you put your house on the market.
Can you create additional space?
The number of bedrooms in a property is often the top priority for house hunters, so adding an extra bedroom will have an immediate effect on your home’s value.
It may not be cheap, but converting a loft or basement into an additional room will have benefits in the long run. According to research from Nationwide, fitting an en suite bathroom in as well can boost a property’s value by up to 20%.
Spruce up the kitchen or bathroom
Is your bathroom or kitchen looking a little drab? Add value to your home by upgrading your fittings – or simply giving them a polish and a fresh lick of paint.
You can go the whole hog, of course, by totally overhauling your fixtures and fittings with the newest pieces. If so, consider the layout first to ensure you’re maximising the space as much as possible.
General cosmetic work can do a world of good too, so be sure to take the time to spruce up tiles, grouting and paintwork if you want to achieve the best price for your property.
Walls and carpets
While it’s often down to personal taste, some potential buyers may favour hardwood flooring over carpet. Though costly to lay, it can improve the overall aesthetic of your home, particularly when carpets become worn and tired.
Read more about the eternal debate between carpet or hardwood flooring to help you make your choice.
What about decor? Not everyone may share the same style as you so if you’re looking to sell, you may be able to increase your house value by simply toning down your paint or wallpaper colours. By doing so, your home can appeal to as many people as possible.
Apply for planning permission
Another effective way to boost the value of your home is to apply for planning permission. Buyers want to know that they have the option to renovate and add to a property, so knowing this is a possibility may encourage a quick sale.
The cost of applying for planning permission varies depending on where you are, but check out estimates with this planning fee calculator.
Limit on value
Finally, remember that no matter how much you spend on a renovation, there is a ceiling to a property’s asking price that depends on the value of neighbouring properties.
For instance, if a buyer has a budget of £500,000, they’re unlikely to want to live on a street where neighbouring houses are worth only £250,000. So keep in mind that, at some point, you will no longer see a return on any additional investments.
If you’re looking to sell up this new year, get in touch to request a free, no obligation home valuation.