Whether you’re thinking of selling your home in search of something with a bit more space or are looking to downsize, you want to get the best possible price for your current property to give you the financial boost to move on, wherever that may be, comfortably.
But how can you increase the market value of your home in preparation for putting it up on the open market? In this blog post, Refresh Interiors, a Hertfordshire based home renovation and conversion company helping homeowners boost their properties saleability since 2004, share their insight.
Making the most of what you have
If you’re looking to move in the foreseeable future, but want to increase the value of your current home to get the best possible sale, you don’t have the time for big construction processes such as complicated extensions.
In these instances, making the most of what you already have is the key to getting a fast return on investment when you finally decide to put your house on the market.
If you’ve lived in your home for a long time, it can be easy to overlook obvious areas for improvement. Without knowing it, you could be sitting on a renovation equivalent of a goldmine. Here’s how:
- Square footage: Properties are partly valued on the amount of square feet they cover. If you’ve got a lot of space to play with, is there a better way to present or use the space to increase your home’s overall saleability?
- Additional rooms: Another winner to increase market value is adding to the number of rooms in your home. Do you have an unnecessarily large bedroom which could be divided into two smaller ones? Or perhaps a large lounge that could become a lounge and a diner?
- Quick wins: If you’re getting itchy feet and want to get your house on the market pronto, you need to look for the quick and easy ways to add to the agent valuation. From kitchen renovations and new bathrooms to new carpets, simple updates can add thousands to the sale price you achieve and the speed at which you seal the deal.
If you’re getting ready to move house, the chances are you don’t want the hassle of big and potentially disruptive home updates such as loft conversions and extensions. But if you’re looking for a way to add considerable value to your property value, you don’t need to look far.
In fact, no further than your garage. Garages are great if used to their full potential. But the reality is that, for many, they become a secondary loft that stores everything from garden equipment to old toys.
Whether this sounds a lot like your garage or not, converting it into an additional room in your home can add considerable value. That’s because living space is far more appealing than storage space.
Whether you create a home gym, an office, a play room or knock through into an existing room, converting your garage to a high standard is an instant money maker.
It’s what’s on the inside that counts, right? While this is partly true, the outside of your property is just as important when securing the best possible sale for your home.
That’s because the way your house looks on the outside will be the initial--and often lasting--impression potential buyers have of your home.
Although improving kerb appeal won’t add anywhere near the amount of value that creating additional space in your home will, it’s a low cost way to make an extra few thousand, fast.
Easy ways to boost kerb appeal include:
Re-pointing bricks or repainting rendering
Painting your front door
Landscaping your front garden
Cleaning your windows
Keeping your lawn in order
When it comes to making a house sale, every little counts. From adding monetary value to your property to getting the sold sign up in record time, acting on these tips to increase the market value of your home are a win-win.
"If youre getting itchy feet and want to get your house on the market pronto, you need to look for the quick and easy ways to add to the agent valuation. "
Garry Stevens, Managing DirectorProject Manager
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