Cost-Effective Ways To Add Value To Your Home

Making improvements to your property can leave you with a tidy property investment profit, but it is important to be tactical about this and prioritise projects that will increase the price of your house without breaking the bank.

Ensure That Your Home Does Not Have A Draft

It is more than likely that if your home has a draft you would already know about it. This is something that can often be easily fixed which will prevent the value of your home from being deducted when it comes to selling your house. It may cost you £200 to patch up drafts within your home but if you fail to do so before selling your property value could be reduced by over £1000.

Improve Your Garden

Gardens can often be overlooked when it comes to renovating properties. However, they can make a big difference to buyers’ decisions when choosing a property to buy, it can cost around £4000 to make improvements to your garden such as adding decking and lighting to your green space but it can add around £9,000 to your property selling price. Also if your garden is looking a bit overgrown it is a good idea to break out the lawnmower or electric chainsaw to make your garden look as presentable as possible.

Tidy And Declutter Your House

Before you invite the estate agents round or any potential buyers make sure that you have tidied and decluttered your house the best you can. It may be worth renting a storage unit to store some of your possessions so they are out of site from prospective buyers. Less clutter can make rooms look bigger and more appealing to home buyers.

Ask The Experts

Invite a few different estate agents from different companies around to your home and ask them what they think would add the most value to your estate. The estate agent may be able to spot an opportunity based on the size, shape or location of your home.

Create A Parking Space On Your Property

It can cost you around £10,000 to add a parking space onto your property but your property value could increase by £13,000. Putting investments aside, this parking space is likely going to be useful for you to use whilst you still own the property as parking spaces can sometimes be difficult to find when parking on roads. Whether you are experienced in this and can choose plant hire to save some money to do the renovation yourself, or you get professional help, it can make a big difference to the value of your home!

Knock Down A Wall For Open Plan Living

Knocking down an internal wall in your house such as the wall that may separate your front and back room may make your property look bigger from a home buyer’s perspective. It will cost you around £3,500 to make this change but you could potentially add almost £50,000 onto the value of your property.