Increase The Value Of Your Home In Five Steps
*THIS IS A COLLABORATIVE POST*
Are you looking for ways to increase the value of your property? Whether you’d like to sell soon, or in the distant future, improving your home is a worthwhile project. To get you started with some key ideas, here are some of the best ways to increase the value of your property.
1 . Extend your living space
One of the best ways to increase the value of your home is to extend your living space. Creating a larger living area will drive up the price of your home, making it more appealing to potential buyers. There are plenty of different ways that you can extend your living space, here are a few options:
- Build a loft conversion.
- Turn your cellar into a living space.
- A conservatory extension.
- Construct a garden office.
2. A new kitchen
According to WithinHome, a new kitchen can add up to 10% property value. A beautiful new kitchen is an amazing way to impress buyers, and give your property the wow factor. The first step is to choose which new kitchen features you’d like, perhaps you’re keen to invest in a kitchen island, or new appliances? Next, you’ll need to think about what interior design style you’re looking for. It’s best to choose a consistent interior design theme throughout your whole property.
3. Boost your curb appeal
If you want to increase the value of your home you’ll certainly need to boost your curb appeal. Remember, the exterior areas of your home create the first impression. If the outside of your home looks neglected this is an incredibly fast way to put buyers off. To improve the exterior areas of your home, keep the following areas in mind:
- Fix anything that’s broken from paving stones to fence panels.
- Invest in a new front door and mailbox.
- Power wash the front of your house to remove the grime.
- Decorate using ornaments or window boxes.
- Hire contractors to check your roof and guttering.
4. Go energy efficient
Energy efficient homes are in high demand, and so any energy improvements you can make will increase the value. According to NOPEC, ‘if a home shows reduced energy costs of $1,000 annually, the average home buyer will be willing to pay an additional $8,728.’ There are many different ways that you can increase the energy efficiency of your home including:
- Improve the installation
- Upgrade to triple glazed windows.
- Add solar panels to your roof.
- Upgrade to an energy efficient HVAC system.
5. Add an en suite
Last up, adding an ensuite to the master bedroom is a great way to increase the value of your home. The first step is to figure out your budget, and get a few quotes. You might not have lots of space to work with, but even a small ensuite is a great way to add value. When you build an ensuite you’ll improve the look of your home at the same time.
Adding value to your property means you’ll get a better return on your investment when you come to sell. If you’re currently in the market to sell your property take a look at Compass real estate.