How to Increase the Value of your Home
Your property is arguably one of the biggest assets you will ever own. It makes sense to maximise this asset should you ever want to sell or lease it out. In this article, we are going to give you 3 top tips for maximising the value of your property.
Get the Interior Right
Making sure the interior of your home is functional and enjoyable to spend time in is one of the most crucial elements to get right. Let’s face it, if you turn up to a viewing and it looks like it hasn’t been decorated in the last decade, it’s going to be hard for people to visualise the potential of the property and thus, justify your asking price. Interiors should be light and practical. Neutral colours are best as they make rooms feel larger and allow prospective buyers to develop their own vision of what they could do with the space. Studies have shown that contemporary bathrooms and kitchens are high up on the list of what prospective buyers are looking for, so focus your budget on these areas for maximum ROI.
Update the Exterior
Another key factor to consider is kerb appeal. The exterior of your property is the first thing people will notice so it’s important to consider this when investing. The most popular way to give your property added kerb appeal is to add composite weatherboard cladding. Not only does weatherboard cladding increase the thermal performance of your building, but it can be used to make a strong visual statement, which is more likely to appeal to prospective buyers. Available in a wide range of colours, and with minimal maintenance, weatherboard cladding is a safe bet when it comes to adding to your property’s value.
Extensions and Loft Conversions
It goes without saying that extension and loft conversions will increase the value of your home. They are a great to transform your property and add to the overall square footage – essential for creating that much needed extra living space. It’s estimated that you can increase the value of your property by as much as £100,000, just by creating an extra 24 square metres of living space. Whether you can convert your loft will depend on the pitch of your roof. Most loft conversions won’t require planning permission. It’s best to consult an architect to ensure you maximise the potential.