How to add value to your property without breaking the bank
This year might be the year that you’re thinking about putting your home on the market. If so it might be time to give both your interior and exterior a number of upgrades that will undoubtedly add value to the overall cost of your property. Don’t worry; this doesn’t mean that you’ll be spending a lot of money; there are plenty of things you can do to boost the price of your property with money in your piggy bank.
Add a fresh lick of paint
When it comes to interior decorating there’s nothing as simple as opting for a fresh lick of paint. You’re only going to need to cover the costs of some paint, brushes, and rollers to make your home appear like a blank canvas for prospective home buyers.
As well as removing scuffs and fixing any shoddy paint jobs, it’s recommended that you opt for a natural palette. Natural colours will create a calm backdrop, allowing you to show off other stand out features of your home and will allow you to bring bold, colourful elements into your interior design without it being overwhelming.
Enhance your home’s character
Adding practical features such as extra sockets, working door locks, and more storage space can be cheap for you but a real selling point for buyers. Make use of every bit of space that you can find, whether that be under the stairs, in the loft or garage or in empty alcoves, to build shelves or create cupboards. Storage space still tends to be at the top of the list for the majority of homebuyers.
Depending on the age of your home, period features can add a wow factor. If you live in a Victorian-era house, for example, it’s usually worthwhile restoring existing fireplaces, skirting boards and picture rails. Buyers tend to pay a lot more for homes with this sort of character.
Spruce up your garden
Studies have shown that litter outside of a home can decrease its value by 12%. When you consider how little work it takes to get rid of overflowing bins, stray wrappers and cigarette butts from outside your home, this is a huge amount. At the same time, weeding, mowing the lawn and adding some colourful potted plants require very little effort (and money) and can add up to 20% to the value of your property.
Further exterior home improvements might include replacing your front door, repointing brickwork, repairing broken cladding, adding a modern-looking house number or even replacing your windows. If double glazing windows aren’t something that you have, this is an improvement that you should seriously consider.
Keep it clean and get rid of the clutter
Much like removing the clutter from outside your home, making sure that you have clean and tidy interiors is another sure fire way to add some property value. No prospective homebuyer wants to see dust, cobwebs, and grime in your home as these will do nothing but suggest that the home isn’t well cared for. This is by far the easiest and cheapest thing to do, and it can certainly make a difference between you getting an offer and the potential buyer walking away.
When you’re decluttering do so with a minimalist approach in mind. Store away personal photographs and trinkets and aim to create a sense of space that homebuyers will be able to picture as their own.
Update the flooring
Certain flooring can make your home appear incredibly dated and can even knock thousands of pounds off your asking price. Investing in a good carpet, well-fitted laminate flooring or even real hardwood floors at the cost of around £400-£600 could potentially increase the value of your home by £1,300.
Remember, you’ll want to opt for flooring that will suit not only your home’s interior design but the age of your home too. For example, vinyl flooring might not be the best match for your newly restored period fireplace.