If you’re keen to work your way up the property ladder, the best place to start is close to home: really close to home. By adding value to your current property, you increase chances of a higher sale, getting you that little bit closer to your dream home. Here are some of our Top Tips on how to do this:
Check the Current Value of your Home
The first step for this whole process is naturally to check the current value of your home. With this, you’ll be able to more accurately calculate just how much value you are adding, saving you time down the line. Not to worry, we can value your home for you completely free here at Simpson and Weekley.
Update your Bathroom
There can be nothing more off-putting to a potential buyer than an outdated bathroom with a tap that won’t stop leaking no matter how much you tighten it. A freshly updated bathroom can add a significant 3-5% value to your property, and whilst an entire revamp can be an expensive process, there are ways to update on a budget. Tips and tricks include buying a new toilet seat, shower unit, taps, or even simply adding an exposed shower with a glass screen. As long as you keep the existing layout, as moving pipes and water inlets can dramatically increase costs, you can efficiently increase your bathroom’s value.
Update your Kitchen
Much like your bathroom, an updated kitchen can add noteworthy value to your home, around 6% in fact. The kitchen tends to be the one room that will make or break a potential buyer’s interest in your home. Having a modernised and more valuable kitchen can be achieved by doing as little as replacing the sink, updating old appliances and giving it a fresh lick of paint.
Turn your Garage into a Living Space
If you currently have a garage that isn’t in use, converting this into a living space could be an ideal option. When done correctly, this can add up to 15% value to your home. Whilst this may be a more expensive tip for your home, it is also one of the more cost-effective methods.
Add an Extension
Adding an extension to your home is perhaps the most complex and expensive on this list. However, it can increase the value of your home by up to an impressive 23%. Popular extensions include expanding the kitchen and adding a conservatory. You can work out the value that an extension will add to your property by considering the price per square foot for properties in your area (although this is not an exact science!). It is important to check whether you’re likely to get planning permission when considering this option, however.
Ultimately, the core idea to keep in mind when attempting to add value to your home is whether an extension or improvement will supersede the cost to you.
If you’re keen to sell your home, we can help. Contact us today to begin your journey with us.