Are you looking to sell your property? Well, you definitely would like to make a good return from your investment. Why then do you consider making some dramatic changes by considering some home improvements ahead of the sale?
Home improvements will not only add value to your home but also give your property a facelift that will make it sell fast. Here are some of the top home improvement tips on how you can add value to your property before putting it up for sale:
If you are in the process of selling your home, you will do well to incorporate some of the tips discussed above. I will only be a matter of time before buyers begin to express interest in your property. In addition, the value of your property will also soar letting you get a good return.
Loft conversions are perhaps the easiest yet most profitable ways to add value to your property before you put it up for sale. Extending your property upwards to create an extra bedroom and bathroom significantly increases the floor space by up to 30 per cent.
Even then, be sure to consult a structural engineer to ensure that the conversion fits in well. You will also do well to involve an architect to ensure that your ideas come alive while you comply with the relevant building regulations and planning permissions.
You could also consider extending the conversion to the rear or either side. Ultimately, a successful conversion must maintain a balance between the ratio of the sleeping space to that of the living space. A basic conversion is capable of adding up to 15 per cent of the market value of your house.
Generally, up to 90% of the garages in the UK are usually empty. Thus, if you have access to an off-road parking, you might as well think of converting your garage into another room.
If, for instance you are able to convert your garage into an en-suite bedroom, the value of your home could increase by around £40,000 or 20%. However, is this does not suit the needs of buyers within the area you might want to think of a study or a playroom both of which will increase the value of your home by about 10%.
Depending on the area where your property is situated, the ability to pack in front of the door is a huge premium. If this is the case in your area, you can be sure creating an additional parking will increase the value of your property. To ensure maximum added value, be sure to use driveway materials that complement the existing paths as well as patios. You may want to also consider planning permission.
It is estimated that a well-done driveway will add the value of your home by between 5 and 10 percent.
Depending on your reasons for selling your house, it is important to consider making improvements to certain aspects of the home to not only increase the value of the property but also sell fast.
The importance of the kitchen in the home cannot be overemphasized. This is the focal point in the home hence buyers are often willing to pay more for a house that has kitchen that is not only spacious but also attractive.
Giving the kitchen a basic makeover ahead of a sale particularly paying attention to fittings and fixtures such as drawer handles, the door as well as energy efficient appliances will definitely make a huge difference in the appeal as well as value of your home. On average, a basic makeover will increase the value of your home by up to 6 percent.
A conservatory is another simple yet mess free option of increasing space in your home. All you need to do is ensure that it is proportional to your house. Remember, a poorly designed and fitted conservatory is likely to reduce the value of your home.
If your conservatory is less than a specified size, you may not require planning permission. Therefore, ensure you check with the relevant department. On average, conservatories add between £4,000 and £10,000 that translates to about 5 percent of the value of a home that is averagely priced.
The introduction of an extra bathroom is not just exciting but also rewarding when well thought out. However, you need to keep in mind that if you opt to convert an existing room into a bathroom, you might devalue the home. Therefore, get experts to advise you before making this move. Ideally, the best way to go about this is carving out an en-suite within a large bedroom as opposed to doing away with the bedroom altogether. An additional bathroom will add up to 6% to your home’s value.
Generally, home improvements do not only make it an enjoyable place to live but also make it easier to move up the ladder on the property market by increasing the value. One key thing about home improvements is planning. This is because while some require some monetary investments others require licenses to implement. Most importantly, you need to keep the ceiling price in mind so that you do not invest in home improvements that will not pay off.
Rather, think of those improvements that are worthwhile in specific locations. For instance, an extension would be ideal in areas that are highly populated like Newcastle and London as opposed to less heavily populated areas like Devon and Cardiff where the buyers are keener on the bathrooms and kitchens.
Well, your desire to improve the value of your home does not mean that you delve into home improvements blindly as this could eventually work against your quest to sell fast. Therefore, ensure you are acting from an informed point of view.
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