Increasing the value of your home is a smart way to go further with your investment. Even if housing prices naturally increase in the area as it develops, renovating and improving your home will boost its value even further.
Between improving its aesthetics for yourself, and increasing the financial value for when you sell, here at Mortgage Squared we want to share with you our top seven tips to get you there!
Keep your property in good repair
Regularly deep clean your property, stay on top of any mould and damp, and generally aim to fix any issues as they arise. This will keep your home in great condition and help you spread out the cost of maintenance.
In return, you won’t have to heavily negotiate on the price of your home when the time comes to sell. Or risk it being actually unsellable because a small issue became a big issue simply because it wasn’t handled at the time.
Install and nurture front and rear gardens
Front and rear gardens are a great way to improve the overall look of your property. Almost 1 in 5 buyers want these features. As a bonus, you’ll have a project that will keep you fit, out amongst the nature, have a beautiful home, and a lovely place to sit!
Tip: Many people today are looking to live more sustainably. Having beautiful gardens is a great way to start, as it offers a breath of fresh air even in the density of a city. To really appeal to these buyers, however, consider investing in a kitchen garden. Something that can be easily maintained, such as a wall of herbs, for example as this can really help sell your home. This can help with the value of your home.
Add character features to your property
Far too often, beautiful character features get removed, so consider adding them in! Change lighting fixtures and fittings to options you find characterful or quirky. Replace flooring to incorporate hardwood, add moldings, beams and even an open fire or log burner. These character features add to the beauty of your home and can become a true selling point later on. These can also add a value to the property that will pull your buyers in. At the very least, these character features will help your property stand out against the others in your area and make it easier to sell your property quickly.
Improve your home energy efficiency
In terms of adding value to both the sale price and your wallet now, improving your property’s energy efficiency is key. This means replacing windows if they are not double glazed. Or if they are very old, as double glazing loses its efficiency over time. It means insulating your home and changing the main doors so that they are better sealed. It could also mean investing in a new heating system. Central heating is a popular option, but there are many alternative means to heat a home that are even more efficient. If you get these changes done early, you can lower the cost of your utilities, and boost the value of your home.
Add a bedroom
Adding a bedroom will instantly put your property into the next price bracket. A two-bedroom home will never sell for as much as a three-bedroom home, and if you have a sizeable loft you have the perfect opportunity to convert it. For even better results, add an ensuite!
Tip: Adding a home office or a playroom can be just as lucrative as adding a bedroom. It can also be done at a much lower cost. Add a rear extension to your property and use that extra space to make room for a downstairs office or child-friendly zone. With the rise of remote working, both of these options will appeal to working professionals and parents.
Renovate the bathrooms
Modern bathrooms can look fantastic and help you feel like you have a spa in your own home. They can also increase the value of your property. Bathroom remodels are one of the top renovations that buyers and homeowners want done for their property. New technology and materials are better than ever at keeping the room sealed and your home free of damp.
Renovate the kitchen
Kitchen styles come and go! Chances are the kitchen you inherited when you bought the house is not to your taste. Renovate with timelessness in mind and remember to ensure your kitchen’s value is in line with your property’s value. A successful kitchen renovation can boost the value of your home significantly. Make sure you stay within your budget so that you see the value back.