The 7 Proven Ways To Increase The Value Of Your Property
Improving the value of your property might seem tricky, but there are plenty of simple and elegant solutions to help you do so.
In this article, we’re going to be discussing seven different ways to boost the value of any property you own in order to help you climb the real estate or property ladder and get more out of your investments.
- Add Heating and Ventilation
One of the biggest value-boosting jobs you can do to your property is to add central heating and ventilation if it doesn’t already exist. Giving it an overhaul or upgrade can also bump the property value up significantly.
This is because having a reliable heating system is one of the most essential components when it comes to purchasing a new home. If it’s thermostatically controlled and comes with the latest digital features so it can be controlled with a smartphone, then it’s even better.
Updating the heating system has to be done during the early stages of renovation because it can be tricky to implement changes later on when the property starts to become more defined.
This also means taking care of things such as drafts around doors and windows, and also means replacing windows with double glazing.
It can take a lot of work to improve a property’s overall ventilation and heating systems, especially if the property you’re renovating or plan to sell is fairly old. However, it’s definitely doable with enough time and a bit of planning ahead.
- Give Utilities a Boost
This is essential if the property is relatively old. Utilities such as electricity, water and gas all need a good upgrade in order to be more effective and appealing to customers.
For instance, if the electricity in a home hasn’t been rewired recently, then you may want to get a technician to help out. If there are old fuse boxes, exposed wiring in the walls or even sockets that can’t output consistent power, then it can have a drastic effect on the end price of a property.
Plumbing is also another area of concern. Old pipework can easily become jammed, resulting in poor water pressure. Hot and cold water flow could be thrown off, and it may even introduce rattling noises or lead to burst pipes in the future.
- Structural Issues
Whether it’s a leak in the home, mould on the ceiling or cracks in the wall, there are plenty of structural issues that could happen as a result of neglect or even just time ageing the property.
Make sure you fix all of these structural issues so that the property is safe to live in, but also so that the defects don’t make the property worse over time. Repairing those issues can be difficult, so it’s essential that you look for the right contractors to give you a hand.
Repairing structural issues can disrupt other types of work, hence why it’s important that you do these as early as possible to prevent it from ruining other parts of your property.
- Making Use of the roof
A great place to boost property value is in the roof of your home. Roof or loft conversions can be huge value-boosters when used correctly because they can essentially add another huge room to a property.
It’s a very good investment because it can provide a home with an extra bedroom which will look great on paper and be practical as well.
However, you’ll need to check if the roof space you have can actually be converted or not. Some roof spaces are very thing or just aren’t strong enough to be converted into a functional room. This means that you’ll need to refinance the roof or comply to building regulations to ensure that the extension is actually legal.
- Fixing Minor Defects
Whether it’s a leaky tap, paint flaking off the walls or a nasty sewer smell in the bathroom, you need to fix all of the “small” issues that could rear their head when someone comes in for a viewing. These little defects add up and will taint the visitor’s experience when they come and check out your property.
Even if it’s something as small as a dripping tap or a slightly loose tile in the kitchen, get these small issues fixed or else they’ll completely ruin your chances of making a sale.
- Kitchen Makeovers
One of the most attractive and expensive parts of the home is the kitchen.
A hygienic and modern kitchen can attract the attention of many potential buyers, which is why we’d recommend putting a lot of emphasis on this part of the home.
To many people, the kitchen serves as the hub or central area of a home because it’s where the family gets together, so they want a kitchen that they can feel comfortable in.
If the current kitchen is a mess or requires far too much work, then it might be best to strip it all together and start from scratch.
This will give you a blank canvas to start with, and it’s surprisingly inexpensive to start from nothing as opposed to trying to make things work with an unorganized or boring-looking kitchen.
- Improving Rooms
Think of how you can maximize the value of your home by taking a look at individual rooms. For instance, consider if there are any large cabinets or cupboards in your home that are taking up too much space and slim them down. On the other hand, think of where there is too much empty space and try to find a use for it.
Whether it’s decorations, furniture or even just a carpet, it’s important to make the most out of each room so that when potential buyers see it, they can envision themselves making use of the room and its functions.
Alternatively, you may want to add or take down walls to improve the layout of your home.
There are plenty of ways to improve the quality of the rooms in your home and being able to maximize the value of each one is a key component to improving the value of your property.
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