How Can You Increase the Value of Your Property?
Looking to increase the value of your property? Whether you are a homeowner looking to sell in the near future or a property investor looking to increase the profit margin on your investment, there are many smart ways to increase property value that can make a big difference. Keep reading to find out a few of the best strategies to try.
Extensions will be one of the best ways to add value as it allows you to increase the living space, which will always make the property more appealing – this is particularly true now in a time where many people work from home. Extensions will be a major undertaking and can be expensive, but you could add on as much as 20% to the value.
Converting a loft or basement into a usable living space is another great way to add value and increase the living space. These projects can be easier and more affordable than an extension and could be used for an extra bedroom, home office or any other type of space.
Often, you can add a fair amount of value on simply by tackling basic DIY projects that need doing in the home and garden. People will be put off by a home that needs work, so carrying out basic repairs can be highly effective. You will want to make sure that you have a range of Milwaukee tools that to keep home maintenance in order.
Decorating is a simple task that can make a big difference by making the home more appealing to potential buyers. A fresh coat of paint using neutral colours can revitalise a room and make it feel much bigger and even smaller touches like painting the kitchen cabinets in a new modern colour can increase the value of your home.
It is also smart making upgrades that will make the home more energy efficient. Not only are people looking to reduce their environmental impact in today’s day and age, but this can also help people to make big savings on their energy bills and this will always appeal to buyers (especially in a time of rising energy costs). Solar power, insulation, double glazing, energy efficient appliances and a smart thermostat are just a few ways that you can make the home more energy efficient.
These are a few of the most effective ways that you can increase the value of your property. Whether you are a homeowner with plans to sell or an investor looking to maximize profits on your investment, it is always worth taking the time to increase the value of your property and you might be surprised at how much you can add on, particularly when you combine a few of the above.