Whether you’ve just settled into your house or are looking to sell it and upgrade, the value of your property is something you should consider. In this post we’ll provide you with some tips on how you can potentially increase the value of your property, just by doing some smart renovations.
1. Upgrade to High-Demand Finishes
If you’re thinking to sell your house for cash soon, you can make your property more desirable by upgrading some of the surfaces around your house and swapping them for what is popular among buyers. For instance installing natural stone tiles on your patio or in the kitchen, changing your counter tops to quartz or granite ones or fitting stainless steel appliances. Those are sure to drive more interest compared to other finishes which aren’t as desirable at the moment.
There are also smaller changes you can do that will increase interest while keeping upgrade costs low. One of those changes can be something as simple as upgrading the lightbulbs around your house to LED ones or swapping all the doorknobs and locks to brushed nickel ones.
2. Invest in Energy-Efficient Solutions
Homebuyers these days place a greater emphasis on eco-friendly solutions around the house, due to the greater focus on environmentalism as well as the fact that energy efficiency can help you cut down your electricity bills. The property market has noticed the rise in demand for eco-properties, which is why companies like RWinvest, work hard to install the latest smart technology and have multiple eco-developments if you’re considering a buy to let property.
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If you’re thinking of upgrading the appliances in your home, whether it’s the microwave or the oven, look for the most energy-efficient options on the market, because it’ll help you save on your electricity and gas bills. It’s also worth to consider upgrading to a smart thermostat. Those can help you lower the cost of your bills every month by showing you current energy spending habits.
3. Fix Up the Outdoor Space
According to Hard Money Lenders from Florida, first impressions have a massive impact on the value of a house as well as buyers’ interest. Some simple landscaping and a few modest renovations to the exterior can increase the certainly help increase the value of a property.
A few of the things you can do to improve the outside looks of your house without spending too much are painting the front door, cleaning and renovating the driveway, and investing in some topiary or plants.
When fixing up the front of the house also think about the back garden if you have one. Make sure the lawn is upkept and any shrubs are cut back regularly. If you have a patio make sure that’s also kept clean and tidy, and if needed replace the paving with some more desirable tiles such as limestone.
4. Repair Any Problems with Plumbing and Electricity
Prioritise fixing leaks, structural cracks to the walls, rising damp and other potential problems that an experienced property evaluator might notice. Such problems will appear on survey reports and if you don’t have any proof that you’ve taken action to fix them it could make your property difficult to sell.
Choosing the cheap way out is also not recommended for these essential renovations because it might come back to haunt you when you’re trying to do a proper renovation only to find out that there’s structural damage to your house caused by extensive dampness built up over the years.
5. Upgrade the Bathroom
The bathroom is often overlooked, but it’s one of the rooms that can add great value to a house. There are many ways to spruce up a bathroom and make it look more attractive without necessarily redoing the whole room. A potential easy upgrade is to change the lightbulbs from the typical harsh cold LEDs to a warmer coloured ones so the space doesn’t feel so clinical. You can also add some brightly coloured accessories and a couple humidity loving houseplants such as ferns. Buyers looking to purchase the property not the home décor, but it can make give the impression of luxury and increase the price they would pay for the property.
If you have the space and the budget an expensive but desirable upgrade is a double shower enclosure or a bigger bathtub, as this can be a potential deal-breaker for some homebuyers.
6. Renovate the Kitchen
The kitchen is often considered the heart of a home, so a modern and stylish kitchen is an absolute must for many buyers! You can give your kitchen a quick and easy revamp by replacing small things such as the cupboard doors or handles to make it look fresh. You don’t have to spend tens of thousands of pounds to get your kitchen to look the way you envision, you can easily remodel it for a couple thousand by using materials that are less expensive but still durable and stylish.
Another key thing to remember is integrated appliances, as many of them as you can fit in the space. No dishwasher for example can be a massive turn off for potential buyers.
7. Convert Unused Space
If your home has spaces that are unfinished or not being utilised properly such as a basement, attic or space under the stairs, a great way to increase value is converting them so you get more square footage to your house.
If you have an attic for example you can convert it to an extra guest bedroom or home office which would easily add an extra 50 to 100 square feet depending on the size of your house. Sometimes homes are priced by multiplying the square footage by the value rate for this type of house in your area, so this is a sure way to boost the overall selling price of your home. Open your home to those in need. This may not objectively increase the value of your home but you’ll earn major karma points and housing that accepts fellons can be hard to find for those in need.