If you are thinking about selling your home in the near future, then you might be interested in adding value to it and getting the best price possible on the market. The benefits of doing so should be obvious. Selling your home at the right price will make the sale far more profitable and ensure that you can access more expensive homes for your next property. This can be useful if you are thinking about upscaling so that you have more room for your family. Alternatively, you could be getting ready for retirement. If that’s the case then a more profitable sale is going to ensure that you can retire far more comfortably.
In the past, we have explored options to add value that are simple. While these possibilities might add a little to the value of your home, they probably won’t have the big impact that you want. For that, you need to be more adventurous, while still maintaining a close eye on your budget. The danger is that you spend more on your home than you could ever hope to make back. You always need to keep the costs of your home improvement decisions in mind. It’s also worth thinking about how long it’s going to take to complete certain changes. The good news is that most changes can be completed within about six months. So, you won’t need to spend that much time preparing your property for the market.
Let’s take a look at some of the options that are available to you here.
Fixing The Roof
One of the first options that you may want to consider would be changing up the roof. This can be useful and beneficial if you have an older property and the roof has started to look a little dated. A new roof can do wonders for the curb appeal of your home and this definitely counts when you are selling a property on the market. Alternatively, you might have found that your roof is showing some definite signs of wear and tear. This could mean that there are holes in your roof or even missing tiles.
When you upgrade the roof, it’s important that you do choose the right contractor. A GAF roofer could be the best option here because they are known to provide a high level of quality that you might need. They can also include a variety of fantastic features in the design of your new roof that are sure to be appealing for a new buyer. Ultimately a choice like this is going to guarantee that your home looks and feels modern. It could even allow you to ensure that your home is able to conserve more energy. That’s a big request from homebuyers on the market right now. They are looking for green properties.
Of course, if you’re approaching home improvements from this angle, then you should definitely consider solar panels. Solar panels will cost a couple of thousand to add to your property. However, the right type and set up could increase your home value between ten and twenty per cent. This just demonstrates how important options like this are to modern buyers exploring the market. In the past, solar panels were a luxury item that wasn’t really available to the typical homeowner. Now, they should definitely be on your list of home improvements.
Ultimately, while there are numerous ways to add value to your home, the only option guaranteed to add value is increasing the square footage of your property. You can either do this through an extension or a remodel. Be aware that the quality has to be there in the design work. If you complete an extension and there are issues with the build then this could actually have the opposite impact on the value. It could even make the home un-sellable. You also always need to make sure that you get the right planning permission before you complete any work and hire licensed contractors.
When you do add an extension, don’t just think about the space that it’s going to add. You need to consider how it’s going to make your home look as well. It’s absolutely vital that it doesn’t negatively impact the curb appeal of the property. If this happens, then it can turn a buyer off. Remember, home buyers are often looking for their dream property. So, if there’s a problem with the aesthetic of the home’s interior or exterior, then this can definitely be enough to turn them off.
It’s possible that you don’t have a lot of space to play with around your home. You definitely can’t afford to add an extension at the cost of leaving your home with no driveway or no garden. If you do only have a moderate level of space around the property, then you need to consider other options.
For instance, you could think about a loft renovation. Loft or attic renovations will cost about ten thousand but can increase your home value by 25%. This shouldn’t be that surprising because you’ll basically be adding another floor onto your home. A three-story home is a very attractive possibility for a lot of buyers. You just need to make sure that you have the right type of roof. If your roof doesn’t provide the right level of space, a conversion like this can be significantly more.
Alternatively, if you have a large driveway then you can consider converting the garage. While this is going to put off some home buyers, a lot of people have no real interest in their garage. So turning it into a new room in your property can definitely catch their interest and ensure that they want to buy.
Update The Property
There are numerous reasons why a home doesn’t sell on the market. For instance, you might find that the asking price is too high. But one of the most common causes for a home getting stuck for months or years is that it is simply outdated. A home is like any other purchase. Eventually, it will be out of date because there will be new design trends on the market. Your task will be to ensure that you keep your home modern and beautiful. Ideally, you should be working on this constantly, making gradual improvements each year. This is going to be cheaper and more manageable than giving your home design a complete overhaul. Of course, if you haven’t made any changes, you might be forced to undergo a massive renovation.
When you do this, you need to focus on two key areas of the home. These are the bathrooms and the kitchen. Both are going to be key selling points to buyers. Look at the latest trends for these rooms and think about how much you are willing to spend to ensure that your home matches what buyers want to see. While you can make small changes here, the risk is that they won’t be enough to convince buyers that your home is modern. It’s worth speaking to a few different contractors to find out who can work within your guidelines and discover what they will be able to deliver.
We hope this helps you understand some of the best ways to increase your home value. If you are still unsure of how to proceed here, then your best option will be to speak to a real estate agent. They are experts in the field and can evaluate your property, before telling you what changes you should make before you put it on the market.