Best Ways To Increase The Value Of Your Home

Best Ways To Increase The Value Of Your Home

Best Ways To Increase The Value Of Your Home

Many of the factors which determine the value of your home are out of your control. These include things like where you live, what the neighborhood is like, how close you are to good schools and transport links and how strong the market is in your area. However, this doesn’t mean that there isn’t anything that you can do to make sure that you can obtain top dollar for your property when you put it on the market.

 

Whether you are hoping to turn a profit on your pad or simply make as much as possible to invest into your next purchase, here are our top tips on the best ways increase the value of your home.
 

Identify and address any structural problems your property may have

While it can be tempting to tackle the visual appeal of your property first, the fact of the matter is that it is structural problems that will cost the most to fix and this could significantly affect the value of your home if they aren’t remedied before sale. Some examples of structural improvements that you should consider a priority include:

 

-         Structural cracks in walls and frames
 

-         Rising damp
 

-         Rotten joints or roof timbers
 

-         Missing or broken roof tiles
 

-         Leaking roof
 

-         Bowing walls
 

-         Insect infestations such as termites
 

Make it as energy efficient as possible

Energy conservation features can have a surprising effect on the value of your home, particularly in certain states. Energy is expensive, and a property that is hard to heat or that uses a lot of electricity can be very costly for the new owners. However, by ensuring that your home is as energy efficient as possible you can make it seem much more attractive and valuable. Some of the best ways to do this include:

 

-         Opting for double-paned windows.
 

-         Insulate your attic.
 

-         Seal any draughts around doors and windows.
 

-         Install a programmable thermostat.
 

-         Enhance air conditioning with ceiling fans.
 

-         Switch to LED lighting.
 

-         Maximize the natural light in your home.
 

-         Switch to low-flow plumbing fixtures which reduce the amount of water you will use.
 

-         Consider solar panels. These require a significant initial outlay so are not recommended for people after a quick sale, only if you are hoping to increase your home value in the long term.
 

Increase your square-footage

How much living space your property has can make a huge difference to its value, so much so that many realtors use PPSF (price per square foot) has a comparison tool when looking at different homes. However, not only does more space increase the actual value of your property, it also boots the perceived value in the eyes of prospective buyer. The more visual space your home seems to have, the more desirable it will be.

 

Adding actual rooms to your property in the form of an extension may not always be the most practical or financially viable solution – you would need to consult with a realtor and find out if the extra value your home would command with extra rooms is worth the investment. However, there are other ways to increase the square-footage of your home, such as by adding a deck to the back of the property, converting the attic space or basement or even adding an upstairs balcony.
 

Identify and address superficial flaws

While small, superficial flaws will not directly affect the value of your home, they could well put off potential buyers and prevent them from offering you their maximum budget. The cost of rectifying every small job that needs doing soon adds up, and if the buyer detracts this from what they are willing to pay you could lose thousands when they make an offer. Some of the typical repairs that homeowners make at this stage include fixing/replacing:

 

-         Loose or cracked tiles
 

-         Peeling or discolored paint
 

-         Broken door latches
 

-         Dripping faucets
 

-         Mouldy sealants in kitchens and bathrooms
 

-         Squeaking/sticking doors and windows
 

-         Broken light fittings
 

-         Ripped flooring

 

You should also make sure that your yard and any landscaping is tidy, any dead plants, trees or bushes removed and pathways clean and not obstructed by overhanging branches.
 

Pay special attention to your kitchen and bathrooms

Most realtors and valuation surveyors agree that an attractive kitchen is essential both in terms of appeal to buyers and getting the best possible valuation for your property. Bathrooms are almost as important and can make or break an offer from a prospective buyer. Make sure that you make the very most of these areas, maximizing their space, keeping them clear from clutter and cleaned to the highest standard.

If you would like more advice on the best ways to increase the value of your home, feel free to contact us as we would be delighted to offer our knowledge and experience to help you achieve the most from your property sale.