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How to add value to your house
Whether you’re planning to put your house on the market imminently, in a few months’ time or even way in the future, whenever renovations you do it’s always worth bearing in mind how and if it’s going to add value.
Perhaps you’re looking to add a few finishing touches or maybe you’re going for a whole makeover. Whichever it is, here are some great ways to do exactly this whilst making your home more appealing to buyers and increasing its value. To find out more about how to add value to your home follow this link: https://www.thisismoney.co.uk/money/mortgageshome/article-3014644/Home-improvements-add-value-pay-them.html
Fix any structural problems
When we’re about to sell our house, most of us only think about making cosmetic changes because this is what potential buyers will see. If there are any major structural problems however, you’re better off focusing on this first.
Questionably coloured walls and slightly worn carpets can all be replaced easily so things like this are unlikely to completely deter a potential buyer. In fact, many people actively seek out houses that need a bit of TLC so that they can put their own stamp on it.
Structural problems are more concerning however and they can be costly to fix. This is the last thing people need when moving house so it could be the difference between you receiving an offer or not. Even if you do get an offer, chances are that you won’t get your asking price because people will be aware that a lot of work needs to be done.
Structural issues that are worth fixing include:
- Any issues with the roof
- Cracks in walls
- Rotting joists or roof timbers
- An unstable chimney stack
- A collapsed floor/slab
Fix any superficial defects
Once you have repaired any structural damage, it’s worth tidying the place up a bit so it can reach its full potential. Whilst you don’t have to go all out, think about fixing things such as peeling paint, squeaky doors, mould, loose tiles, dripping taps, cracks in the ceiling, broken or damaged windows and any flooring that’s coming up.
The vast majority of modern houses already have double glazing but if you have an older property, this is something that’s definitely worth thinking about.
Double glazing your windows helps to keep unwanted noises out and can also make a huge difference to the warmth of your home and of course, your heating bill.
If you can’t afford double glazing, solid shutters are a great way of adding an extra layer to your windows. They too keep noise out and provide extra warmth. Even if you do have double glazing, shutters are a great way to to create the wow factor in your home and give it a competitive edge.
Add a loft conversion
A loft conversion is one of the best ways to add value to your house. An extra bedroom, living room, study, playroom and/or bathroom will be a massive draw to potential buyers and will really help to set your property apart from all the others.
Focus on kitchens and bathrooms
Kitchens and bathrooms sell houses so if you only have the time or funds to focus on a few areas of the house, make sure it’s the kitchen and bathroom/s. Typically, a new kitchen will add 4.6% to the value of your house so it’s well worth the effort. A new bathroom can increase the value of your house by approximately 3% so combined you’re looking at a total of nearly a 10% increase. You can read property guru Phil Spencer’s ‘Top 20 ways to add value’ article in The Telegraph here – https://www.telegraph.co.uk/property/uk/phil-spencers-top-20-ways-add-value-home-get-noticed-market/