If you want to add value to your home without spending tens of thousands by converting your loft/basement or building an extension, there are several proven ways to add value and help you sell your house quickly and affordably if you need to.
Probably the most popular and well-known way of adding value is remodeling or better, installing a new kitchen. This is the heart of a home and when it comes to selling, a modern and well-thought-out kitchen can help get you a better price for your house. But remember that low cost doesn’t mean you hire amateur workers. For every fixture and installation works, make sure that you hire professionals. For example, for your kitchen plumbing and fixtures, call reputed plumbing contractors such as the ones in Mac-Vik Plumbing and Heating or any other companies that you trust. Such professionals have the right resources and training to get the work done satisfactorily. Also, it can be easy to spend thousands on a kitchen as well though so be careful. It is best to get an idea of the value of similar properties in your immediate area that have new, modern kitchens. All properties have a ceiling price, so make sure that you spend wisely. With the vast range of kitchens available at various costs, with some planning, it is not difficult to achieve the quality and design of a bespoke kitchen for a relatively good price.
Remodelling the bathroom is another way that can help to increase the value of your property. If you have the space and budget, creating a separate shower, adding underfloor heating, re-tiling and updating the bathroom suite will help to potentially add value. Adding an en-suite to the master bedroom at the same time as updating the bathroom can also help to increase the value of your home slightly. You will save money on the cost of the labour by employing the same tradesman. Just make sure that adding an en-suite does not reduce the size of the bedroom too much.
Replacing double glazing, installing a new central heating system and re-wiring the electrics can all help to add value? These things aren’t exactly cheap to put right but if your property requires all of these things then this was probably reflected in the value when you purchased it.
Of course, it might also be the years of wear and tear these systems have weathered that brings the need for repairs and/or replacements. Especially with the heating and cooling systems, regular usage can make them inefficient leading to lowered performance. When you set out to remodel things around the house, you might want to consider reaching out to service providers like Electric Today (homeserviceheroesfl.com/repair/) near your home who can give the current energy systems of the house a look and carry out any necessary repairs.
Updating the overall appearance of the property by re-plastering, fitting new contemporary flooring, installing modern doors and adding recessed or spot lighting can all help to modernise the property and add value.
If you are fortunate enough to have a large garden but don’t possess the skills to tackle it yourself, consider having a landscape gardener create something impressive. You could consider installing decking, a patio or if your budget stretched to it you could build a conservatory or sun room.
As property investors, we buy any house that is in a need of repair, however we look for ones that need little spent on them in order to produce a high return. If you can get away with cheaper options that look good, you can save money.
Adding off-street parking to a property where there is limited access to other parking can also help to increase the value of your home. If you don’t have the room or budget to build a garage but you do have a lawn at the front of the property consider having the lawn removed in favour of installing a driveway. The cost of installing the driveway will depend on the type of driveway you go for and you may need to consider the added expense of paying the local council to drop the curb if required. However, if you have the opportunity and means to create a driveway in an area where parking is limited this can help you add further value to your property.
Consider knocking through or opening up rooms to change the layout of the property or create an open plan space. Sometimes, relocating bathrooms from downstairs to upstairs will allow you to create a utility room downstairs.
Depending on the layout and size of the bedrooms, you may be able to add another bedroom by dividing one of the existing bedrooms. You should only do this if adding a bedroom will ensure that every room has a window and remains a good size. The difference between a 2 and 3 bedroom house can sometimes be several thousand pounds so it is a quick and inexpensive way to add instant value.
Doing any of the renovations above should certainly help to increase not only the value of your home but also the saleability.