How to increase the value of your property through renovation
If you are planning on moving up the property ladder you will first need to sell your own house. Many sellers simply put their property up for sale with local estate agents or online services, however, before doing so it pays first to think about any renovations that could add value to your property.
Even relatively minor works or updates could add to the price you eventually get for the property. Options like converting spaces can add up to 30% to the value of any house, while even a simple bathroom makeover can see 5% added to the sale price. That is why renovating your home before putting it up for sale is a smart move, and it’s never been easier to get a good deal on a home improvement loan.
A general tip is to try to make continuous home improvements as you live in a property, even before you may decide to sell. This will avoid having to make all the improvements or fix all the problems at once when the time comes to sell. Doing it this way not only saves time but also hassle and money.
Ways to add value to your home through renovation
There are lots of ways you can renovate or improve your home to make it more attractive to potential buyers. Often it is a case of putting yourself in the buyer’s shoes and thinking about what you could change or add that they will really value.
Here are some ideas on how to renovate your home.
- Add wooden shutters to the windows – one relatively inexpensive and simple way to improve your home is by adding wooden shutters to the windows. These not only make the home look more attractive to buyers, but shutters also have practical features that buyers will love. Designs like plantation shutters allow for the top and bottom sections to open independently so it is easier to control the light coming into a room. Do not be fooled into thinking that these shutters are only for modern windows. There are some great looking shutters for bay windows available which will add extra value to an already sought after home feature.
- Convert the cellar or loft – when it comes to adding value to a property then adding usable space always works. As we noted above, converting the cellar space into something like a kid’s den or games room can put up to 30% on the sale price for you. The other prime space in your home for conversion is the loft. Many home owners turn it into an extra bedroom to attract buyers. Although this will be costly, it usually makes you more than you have spent when you come to sell.
- Update your garden – with so much you can do in the house, it is easy to overlook your outside space. This is a mistake though as the garden can often be what clinches the deal for you and nets you extra value. Pretty and relaxing garden space is often sought after by families or by a potential buyer that lives in an urban environment. Take the time to tidy up your garden space, keep the lawn trimmed and add some decorative flowers or ornaments to bring it to life.
- Get some curb appeal – another home renovation tip to put a few extra dollars on your sale price is to maximize your properties curb appeal. This is simply making it look as inviting and attractive as you can when buyers pull up outside to view. This is one tip that does not need to cost lots of money and can be done quite easily. Start by tidying up any plants or bushes you have at the front along with putting fresh paint on any exterior areas of the house that have become shabby. Even simple touches like adding a house number or name can make a difference.
- Think about a conservatory – when it comes to home improvements, extending your property into available space is also worth considering. The most popular method of doing so is to erect a conservatory against the side or the rear of the property. Many buyers love having this kind of extra space to enjoy and it will almost certainly increase the value of your home. As with internal conversions, there may be a high upfront cost but the return should make it worthwhile.
Get your home in great shape to sell for more
The bottom line with any home renovations is whether the money and time you spend is worth it for the extra value it brings. All the above hit the mark in this regard and should see your property go up in value. From smaller touches like wooden shutters to larger jobs like adding a conservatory, it is up to you which you think are the best options to choose.