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6 Ways of Increasing Your Home’s Value Before Selling

House purchase sale

If you intend to sell your home at some point in the future, you will want to get started as soon as possible. For many property owners, this entails grabbing tools from the shed and getting their hands dirty. For others, it means hiring the right contractors. Selling a home, especially during this pandemic era, is no walk in the park. That’s why it’s important to have an aesthetically pleasing and fully functional home before you start on floorplansUsketch. Simply making the lowest price offer on the block isn’t enough to make a lasting impression. When potential homebuyers are viewing homes in your area, you will want yours to be the one that really stands out. That being said, here are some simple ways to increase the value of your home and possibly help sell it quickly.

  1. Target Market

First and foremost, it’s wise to do your homework on the target market. It makes no sense to spruce up a home only for the work to have no effect on the final price. A simple search online will help you know what kind of buyers might be interested in your home, like a young family or retirement opportunity. Once you figure this out, you will be in a better position to make wise decisions regarding what improvements or changes to make.

  1. The Exterior

How presentable is your home’s exterior? First impressions are lasting impressions and this couldn’t be more true in the property industry. Make sure your front yard is easy on the eye with hedges and grass trimmed, windows cleaned, and gutters cleared. This is known as curb appeal, or how well your property appears from the driveway. If you want to spruce up the front door, consider colored statement doors as they make a bold statement. For inspiration, research your neighbourhood and see how others have prepared their houses.

  1. Loft Conversion

Converting a loft is perhaps the easiest way to add square footage to your home. However, ensure you seek advice from an architect or surveyor and keep in mind building regulations will come into play.

According to stats, a loft conversion adds, on average, 12.5% onto a home’s selling price. Add an ensuite bathroom, and you’re likely to add more value than it costs to install the conversion.

  1. Wasted Assets

Do you have a spare room packed with junk, an unnecessary wall or a garage that you barely use? You’ll want to turn these wasted space into selling points. That extra room full of clutter could be turned into a study or snag. That unused garaged could be transformed into a workshop or home office. That unnecessary wall could be brought down to create more space. Doing this will certainly increase the value of your home.

  1. Bathrooms and Kitchen

Kitchens are a place that potential buyers will always give a close inspection. If you cannot afford complete spruce up, consider replacing the cabinet doors or giving them a fresh coat of paint. Declutter your worktops and ensure it is spick and span.

This should be the same for bathrooms. If you don’t plan on changing the fixtures, update the taps, add some color with new towels, freshen up the grout and add a mirror for a sense of increased space.

  1. The Hallway

Most people tend to forget about hallways when selling their homes. They are often narrow, cramped spaces for coats, shoes, and other items. However, given it is one of the first spots that buyers see when they enter a house, it holds more importance than most homeowners think. Make sure the hallway has a pale coat of paint to maximize lighting and install a mirror to lend the illusion of more space. Put your coats, shoes and other junk in discrete places to avoid visible clutter.