Home Improvements That Can Add Value to Your House
Do you want to work your way up the property ladder? If so, you must look for ways to increase the value of your current home so that you can maximise the return on your investment, if you’re hoping to sell in the future. Check out the home improvements that can add value to your house.
Paint Your Property
A little bit of paint could make a big difference to the value of your home. According to Phil Spencer, the TV property expert, spending between £100 to £1,000 on painting your home could add £5,000 to the overall value. A fresh coat of paint will also ensure the property looks much better than your neighbours, so it can help you compete with other homes up for sale in your street.
Change Your Windows
The exterior of your property will provide potential buyers with the first impression of your home. Old, worn-out windows can, therefore, paint your property in a negative light before they have even stepped one foot inside. It is essential to review your windows to ensure they complement both the age and style of the property, and are aesthetically-pleasing to prospective buyers.
Add a Granny Annex
Adding a granny annex will provide your property with more square footage, which can increase the overall value of your home. So, you can add more space to your home whilst substantially increasing the price of your property when the time comes to put it back on the market.
Hang Mirrors in the Hall
The hall will be the first area inside the home a potential buyer will see. If it appears narrow and cramped, they might want to walk straight back out and head elsewhere. Expand the size of your home by hanging mirrors onto either side of the wall, which will create the illusion of a bigger space. By doing so, a buyer may be more likely to pay you the asking price.
Improve Your Kitchen
The kitchen is the hub of the home. So, if you’re going to improve one area within a property, make it this room. After all, it’s a place where you will cook, clean, eat and host parties, so it must be both functional and attractive. It’s believed a brand-new kitchen can add 4.6% onto the property’s value, so it’s a worthy consideration when putting your home on the market.
Transform Your Bathroom
Another room you must focus on to improve the property’s value is the bathroom. A few little changes might be all it takes to create an impressive space that will have people queuing to make you an offer. For example, installing a new set of taps could cost you as little as £20, and a heated chrome towel rail might set you back just £50, but they could increase the house value by 2.88%. So, make a few little changes to experience a bigger financial return.
Have you got some helpful tips on how to add value to a property? Write a comment below.