Whether you’re planning to sell your home in the imminent future or whether you’re just taking a long-term view of your property’s value, carrying out some home improvements can help to boost your potential asking price. But how can you increase your property’s value without having to put in too much effort or break the bank? Here are a few top tips.
Prepare The Exterior
Curb appeal is everything, so making sure your home looks great when potential buyers arrive is essential. Tidy up the front yard, driveway and paths so they look their best and make the right first impression. This can be done easily. If the fence is damaged or the paintwork looks shabby, these can be rectified straight away. Clear any weeds from the yard and replace the hardware on your front door.
Fix The Roof
If your home has a structural problem, its value will be reduced. Damaged roofs are very obvious and potential buyers will notice the problem straight away. Ensure that all damage of this type is repaired before the first viewings of your property. You should also clear out the drains and gutters to improve the roof’s appearance.
Make Your Space Lighter
Light can add the illusion of more space inside your home, so try cleaning the windows so more natural daylight can get into the house, making it look more inviting. Installing energy efficient bright lights will help to make your home brighter if potential buyers are viewing your home during the evening or in the winter months while installing skylights or patio doors can make your home appear brighter and more spacious.
Decorating Your Home
Giving your walls a fresh lick of paint in a neutral color is a brilliant way to make your home more appealing to potential buyers. Light colors are best in small rooms as they will feel larger. Avoid using bright or particularly niche shades as this could deter buyers from making an offer.
Replace Or Clean Your Flooring
If your carpets are worn or old, you may be able to get away with just cleaning them. However, in some cases, replacement will be necessary. You can refresh wooden floors by simply sanding them then adding a finish or varnish.
Insulate Your Loft
Eco-friendliness is a key concern for buyers when they’re choosing a new home, so installing attic insulation is a good way to reduce your property’s carbon footprint and to make it more appealing to purchasers. You can install your own insulation in your attic if you want to save money or hire the services of a professional. The lower energy bills that insulation will allow make your home more attractive to buyers.
Better Home Security
Buyers are on the lookout for ways to make their home more secure, so installing effective security measures like chains on your front door or automatic light sensors will boost your property’s value.
These days, we’re all in more need of power outlets than ever before. Some buyers could be deterred from making a purchase if there aren’t sufficient electrical sockets in the property. Installing more could make it even more attractive to purchasers.
The bathroom is an area which potential purchasers will be considering seriously when looking around your home. Making some improvements here is always a good idea. You may want to consider replacing the fixtures and fittings if they look tired and out of date. There are lots of affordable options which won’t break the bank but which will make the room look more modern. You can find more information here about how to find the right fittings for you.
These tips will help you to increase your home’s value, however it’s very important to remember that you shouldn’t overspend on your renovation projects. If you spend too much on improving your house for sale, you could end up negating any benefits that you would reap from a higher asking price. Remember that you need to recoup all the money that you’ve spent from the amount you receive from the sale, so it makes no sense to spend so much that you make absolutely no profits! Also, if your home becomes so expensive that it is out of line with other properties in your neighborhood it will no longer be attractive to purchasers. There is going to be a ceiling price for homes in your area, so it’s not worth spending an excessive amount as you won’t be able to make it back.