Exploring methods to enhance your property’s value is invaluable if you’re selling your house or just want to secure its value for the future. It’s important to understand the factors that can influence a property’s value and leverage these in your own house to maximise its potential.
The benefit of pursuing these methods isn’t limited to increasing your property’s value but it can also help you sell your house quickly and with less hassle. However, if you don’t have the time or resources to explore these methods before selling, companies such as We Buy Any House can help you achieve a quick sale for your property, no matter its condition.
If you do have the time and resources, there are plenty of options to explore. The method that suits you will be based on your budget, the timeframe available, and your property. We will guide you through some options, from quick fixes to more long-term investments.
The Quick Route
Room Updates
Focusing on the actual appeal of your property is a great starting point, especially if you’re on a budget. As buyers are automatically drawn to properties which look good, it’s important to make the best possible initial impression when it goes on the market. To achieve this, there are various options to consider:
- Neutral Colours: If your rooms are starting to look a bit dull or maybe the paint has started to chip, you should give them a fresh coat of paint. When choosing colours to repaint with, we recommend using light colours like whites and creams. These will give your rooms a bright and spacious look. You can then add a pop of colour through your décor and linens.
- Maximise Natural Light: Natural light is something that buyers are prioritising more and more. If you have a room that is quite dark and doesn’t have much natural light coming in, this is something you could look at changing. This would involve a more significant investment into sunlight or adding larger windows, but it can be a beneficial asset, especially in important rooms like the kitchen and bedroom.
- Upgrade Your Flooring: Your flooring also offers another opportunity to improve your property’s appeal on the market. Modern flooring not only improves how your property looks but also offers durability and longevity, which are valuable selling points.
Make first impression count
You can also make first impressions count through the curb appeal of your house. This is one of the areas buyers will first judge your property on, from when they first see your property on the market to the viewing. This first impression can have a big influence on their final decision on whether they will purchase it or not and at what price.
Improving the curb appeal of your property is a very simple task but can be very effective. Some of the ways you can boost its appeal include painting your property, ensuring the lawn is freshly manicured and planting some colourful flowers to create an inviting atmosphere. We would also recommend fixing any visible issues like broken windows or cracked tiles, as this could depreciate your property’s sale price.
Extensive Investments
If you have the time, budget, and necessary resources, increasing the functional space within a property can be the most beneficial method for increasing its value. Buyers will spend more for properties which have a larger space, making it a worthwhile investment.
If you think expanding your property’s space and functionality is something you’d like to explore, there are two methods to consider: extensions and conversions.
Maximising Space & Value: Extensions
An extension will add valuable living space to your house, but it’s important to be informed before you decide to move forward with this option.
First, you need to ensure that the extension design matches the preferences of buyers in your area. For example, if you live in an area which is popular with families, creating an extra bedroom might be the best option. The best way of understanding your local area’s preferences is by doing some market research before making decisions on the extension plans.
As a result of meeting your local market needs, you not only increase the square footage of your property, but you’re also tailoring your property to your target buyers. This strategy will set you up to achieve a higher sale price and increase your marketability.
Maximising Space & Value: Conversions
Another option to increase the functional space in your house is through conversions. This is a great way of maximising your existing space rather than building onto the property. If you have an attic, basement or spare room that doesn’t offer any functional value, then it’s worthwhile exploring different ideas to fill these spaces. Whether it’s something other properties don’t have, like an office or personal gym, this will help increase the marketability of your house and potentially increase its value.
As we have mentioned, making changes to your property should align with market preferences. So, if it’s a family-orientated neighbourhood, it might be most beneficial to transform these spaces into an additional bedroom.
By making these changes, you will create a more appealing property, increasing your chances of achieving the best possible price when you decide to sell.
