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Not only do home improvements make your home a nicer place to live but they’re also one of the most effective ways of increasing your home’s resale value should you ever decide to put it on the market. Here are a few of the best ways to add value to your property.
Update the Kitchen and Bathrooms
Upgrading your kitchen and bathroom(s) can increase the value of your property by as much as 10%. Depending on the age and quality of your existing kitchen and bathroom, you may want to simply refresh the overall look by retiling with good-quality tiles and grouting and fitting new taps or you may decide on a complete renovation.
If you’re having a new kitchen or bathroom fitted, focus your attention on features that homebuyers are looking for, such as adding a kitchen island or glass doors in your kitchen or a power shower and separate bathtub in your bathroom.
Before you begin renovations, check the ceiling price for properties in your area to make sure that you’re not investing money you won’t get back.
Storage space is a crucial factor when it comes to selling your home, with many potential buyers looking for homes that have plenty of ready-made storage for all their belongings. Younger homebuyers in particular are often keen to purchase properties where they can meet the expanding requirements of their growing family, whether that’s space for children, pets, or hobbies.
Showcase outdoor space by clearing out sheds and garages to show homebuyers that these are clean, dry usable spaces. You should also consider unused space within your home, whether that’s above kitchen cabinets or beneath a staircase, and consider adding built-in storage such as fitted wardrobes to maximize the available space.
Increase Curb Appeal
Curb appeal is an often overlooked aspect when it comes to selling your home, with many homeowners focusing their attention on the interior of their property. However, the way your home looks from the outside can influence not only the resale value but also whether or not homebuyers even want to view your property!
The good news is that it’s easy to improve your home’s curb appeal without blowing your budget. A fresh lick of paint on your front door can work wonders, as well as ensuring your windows and frames are clean and well-maintained. A tidy garden and outdoor lighting can also massively improve the way your property looks from the street.
Add Square Footage
If your budget allows for major renovations then increasing the size of your property is a surefire way to increase its value. There are a few ways you could do this, including converting an existing garage, cellar, or loft space or adding an extension to your home. Be aware that in most cases, you will need to obtain planning permission and building regulations approval.
With rising energy costs, many homebuyers are paying more attention to Energy Performance Certificates (EPCs), which provide key information about your home’s typical energy use and running costs as well as ways these could be improved.
Making energy-saving improvements to your home before putting it on the market will not only save you money on your energy bills but can also increase your home’s resale value and make it more appealing to potential buyers.
You can improve your home’s energy efficiency in a variety of ways, including fitting insulation, upgrading your boiler or heating system, installing double glazing, or fitting solar panels.
When you put your home on the market, you want to know that you’re going to achieve the best possible price for it. Taking time to prepare your home for sale by making improvements and maximizing what it has to offer will make it more appealing to potential buyers and can help you increase your property’s resale value.