6 Tips for new homeowners – how to increase your property value.
New homeowners who have just climbed on the property ladder may think that they can sit back and wait for the value of their home to increase before they can move on to upsize. Depending on the area – you may get lucky – however, we believe that you need to take active steps to create that extra value yourself. We look at the top 6 ways to increase the value of your home:
- Loft conversion
Adding a loft conversion isn’t a possibility for some people – the size of your property and finances may restrict your options but if you have the space and the budget then it is the easiest way to add an extra bedroom and/or bathroom. A £20,000 loft conversion can add up to £40,000 to the value of your house.
- Upgrade your driveway
For country residences, we recommend you keep your lawn and flowerbeds at the front of your house to add kerb appeal and keep in with the theme of your property. If you live in the centre of town, where a free parking space is like gold dust, we recommend you pave over your front garden to make way for an attractive hardstanding for your vehicles. You may have to apply for planning permission for this but you could add up to £50,000 to your urban location.
- Beautify your kitchen
If you’re going to blow your budget on one area of your house then it should be your kitchen. Often the deal breaker when buying a house, the kitchen is the central hub of a home, and needs to look and function its best. Future-proof your décor by choosing a simple colour theme and fit the space with up-to-date appliances. You can expect a new kitchen to add nearly 5% to the overall value of your property.
- …and then your bathroom
Simplicity is the key to an upgraded bathroom. Retile and upgrade features such as taps and showerheads. Rip down your shower curtain and invest in a shiny new shower door.
- Add smart storage
Speak to a cabinet maker about increasing the storage space in your home. They can often do all the challenging work for you, mapping and planning the space and creating hidden nooks you never even realised where there. Adding smart storage gives your potential buyers more reason to invest.
- Paint your house
If you’re trying to sell your house, you want your property to stand out on the street – to do so your façade needs to look better than your neighbours’! Save money and do it yourself, this easy trick could add up to £5000 to your property.
Are you looking to get on the property ladder and not sure who to turn to for help? Or perhaps you’re interested in the value of your home? We’d love to hear from you. Call us today on 01491 411066 to arrange a meeting.