We always get asked “What adds value to a house?” If you are looking for tips on how to increase the value of your home before selling, then you’ve come to the right place.
As one of the country’s leading online estate agents with many years’ experience, Zevizo Properties knows better than most what you should do to maximise the sale price of your property.
Most people want to increase the value of their property whether it’s to sell, for investment or to raise some funds. Of course, it will depend on how much time you have got and whether you have a sizeable budget. You may be limited on the things that you can do because time is short or because budgets won’t stretch that far.
With the number of shows on television dedicated to property development you’d think it was a straight forward process. Someone buys a shell of a house, chucks in a few bits of MDF and some new curtains and makes £50K. Unfortunately, in the real world, increasing the value of your house is a little trickier than that. There are some things you need to be aware of when asking the question “What adds value to a house?”
If your house has dramatically increased in value, as the result of a housing boom or changes locally, any future increases may be small or negligible. Also if you live in a house that has identical housing in the immediate area, there will be a market ceiling for the value of your property.
That said here are some of the things that can help your property increase in value. Some are quite difficult to rectify but some can be fixed quite easily. So here they are some tips on…What adds value to a house?
Well there’s not a lot you can do about that to maximise the price on sale, but do remember this when purchasing your next property. Location is one of the key aspects on what adds value to a house. You can have the most fabulous property in the world, but if it is in a less than desirable area, expect the price to be marked down significantly. You may have spent a fortune on your house. However, if the property is in an undesirable location, there will be a ceiling on what buyers are prepared to pay.
The type of property will be a huge factor when thinking about increasing value. A small flat will be far more difficult to improve than a larger property. This will depend on the housing stock in your local area. If flats are very desirable you may have the opportunity to make some money. If the local buyers want family homes this may not be the case.
Once you are aware of these factors there are some things you can do to increase your property’s value and make it more attractive to potential buyers.
External appearance and aspect
Everyone looks for the’wow’ factor when they first view a property. Kerb appeal counts. Here you can do things to increase the sale price. Clean up the exterior, and repaint if need be; repair anything broken, relay the drive is necessary and replant borders and repaint fences to freshen everything up.
Adding an extension or conservatory
Buyers really like properties that have extra reception rooms and open plan living space. Adding a conservatory or extension can make your property much more desirable and needn’t cost the earth. You must be aware that, while it may add value, the increase will not necessarily be the same as the cost of the extension.
Kitchens and bathrooms sell homes.
Spending some money on your kitchen and bathroom spaces can really increase the desirability factor of your property. It is also worth considering the location of bathrooms. A downstairs bathroom may be convenient but it is not to everyone’s taste. Moving a bathroom upstairs can make a difference.
New build homes very rarely come without an en-suite bathroom or shower room. Buyers have become conditioned to expect this as a feature. Obviously it may not be possible or necessary in your property but the addition of an en-suite can be cheap and effective.
Build or develop a garage.
A good way to add value to a house. If you have the space, building a garage can have a very positive impact on your property’s
value. This is particularly evident in areas where houses tend not to benefit from a garage.
Having a garage/workshop or, failing that, a car port will add value to the property so, consider building one if time allows and ask your estate agent’s advice as to how much value this will put on the property, then you can make a sensible decision as to whether it’s worth doing or not.
Extra bedrooms can take your home into a new price bracket.
One very large room could be split into two smaller rooms or you could build above the garage. Be warned that if you are planning to split a room you must make sure that this creates two rooms of a decent size. Creating two box rooms will do little to increase your property’s value.
Develop your garden
A usable outside space can increase the value of your property for a small outlay. This is particularly true of family homes. The percentage increase may not be great but a few pounds spent wisely can point your property value in the right direction.
Make sure the garden is clean and tidy and, if necessary, invest in re-turfing or landscaping to show the grounds off to their best advantage. Again, take your estate agents advice on how you can add value when selling your house.
If you do not wish to spend too much there are some simple things that can be achieved for next to nothing:
This is a must when trying to add value to a house. You want your house to feel spacious and suitable for your buyer. Keeping your rooms clean, tidy, organised and clutter free can make a difference, however small.
A nice easy one to add value to a house. Buyers want the feeling of a bright, airy room. Effective lighting can make a massive difference to the appearance of your property. Similarly, putting in a new window to make a room dual aspect, or improving the present windows can pay dividends.
Repair and paint,
Replace old, rotten peeling windows and doors. There’s nothing worse than old paintwork – it gives the impression that the rest of the property has been poorly maintained. If your looking for a quick easy way to what adds value to a house this has got to be the best tip!!
There are many things you can do to increase the value of your property. We hope our article “What adds value to a house?” has helped you. Make your choice carefully and if increasing value is your aim, don’t spend any more than you need to.
Zevizo Properties is a national, online estate agent. We market properties on Rightmove, Zoopla and many more for a fixed fee of £445 plus VAT.
Thinking of selling your home? Find out the value first! Get a property valuation today- click here