Secrets of the Trade – what makes property value go up?
June 2, 2016
Investing in your home is a sure recipe for success, especially if you want to sell it soon. Experts agree that capitalizing on the value of real estate is possible, as long as you pay attention to what is good to improve and what not to touch.
A lot of projects have been tested over the years and established as recipes for success. Sometimes it is as simple as hiring the right cleaning company; and sometimes it is going through several renovation projects that bring the big money to you. Here are few universal rules that will get you a long way, regardless if you want to sell your home now or in the future:
- Makeover the kitchen – the kitchen is likely the first place a prospective buyer will inspect. As it is the most visited place of the entire home, you can expect solid interest to come from a good looking and modern kitchen. Implement a contemporary look and a design that is easy on all kitchen cleaning needs. Decide if the place needs structural changes and unit changes. Invest in superb quality worktops, as well as cabinet handles and doors, as those are things that people notice the most.
- Revamp the bathroom – not having a good-looking, hygienic bathroom can be a real turn-off for buyers. Invest in a vanity that recesses into the wall, as it is a real-space saving hit. Check out the tub and sink for cracks and replace them if necessary. Proper lighting goes a long way in revealing the beauty of the place, so make sure you have that. Upgrading this room in such a way to allow easy bathroom cleaning is a real hit that can get you the big bucks.
- Introduce more storage space – free space is a precious resource that tends to disappear quickly. That is why people are rather hyped about any extra storage solutions that your home has, such as: hidden nooks in your corridors, understairs space, attic space that can be upgraded, space under the kitchen sink that can be utilised for more than just storing cleaning solutions. The more you utilise, the better impression you will make on the buyers.
- Invest in curb appeal – ensuring that your home has gone through proper domestic cleaning is one thing, but investing in curb appeal is something completely different. First impressions are secured by checking out the exterior of a property and that is where patio and gutter cleaning come into play. Additionally, if you have a garden, make sure it is well-maintained and properly looked after, as that has the potential to turn negotiations in your favour.
- Create a parking space – with the traffic getting more and more congested, buyers are starting to value off-street parking options a lot. If you have the chance, implement one or two parking spaces in front or alongside of your property. For a lot of people that is a must, especially for urban areas with parking restrictions. You will add significant value to your property when you have the parking secured.
It is definitely worth it to go through your home and implement all of these projects. Its value is sure to go up by a lot!
You May Also Enjoy
Freehold and Leasehold Reform Act-lessees can control their own destiny
Matthew Pennycock, Minister of State for Housing and Planning, has made a Parliamentary Statement regarding the future progress of the Freehold and Leasehold Reform Act 2024. The Government have formally recognised the “significant complexity of the task” and that the legislation was rushed in at the end of the last parliament and as a result…
Read More 
Rightmove’s weekly mortgage tracker 22/11/24
The current average asking price of a typical first-time buyer property is £225,340. For someone taking out an average five-year fixed, 85% LTV mortgage, the average monthly mortgage repayment on this type of home is now £1,104 per month if repaying over 25 years, compared with £1,138 per month a year ago (when the average first-time buyer property asking price was…
Read More 
The Architecture Of Attention Behind Social Media Addiction
In the digital age, social media platforms have revolutionized how we connect, share, and consume information. Behind their sleek interfaces lies a sophisticated architecture of persuasive technology. These platforms employ intricate design patterns and technical elements to capture and hold user attention. From subtle visual cues to complex algorithmic systems, every feature serves a calculated…
Read More 
2025 Predictions for the Private Rental Sector
Allison Thompson, National Lettings Managing Director, Leaders Romans Group (LRG) “As we approach 2025, the lettings industry is entering a phase marked by stabilisation and opportunity. Rental inflation has slowed to an average of 3-4% for new lets, reflecting the effects of affordability constraints; renters’ budgets are beginning to limit how much rents can rise.…
Read More 
Response to Matthew Pennycook’s Statement on Leasehold Reform
Yesterday, Secretary of State Matthew Pennycook made a Ministerial Statement on the future of leasehold reform. Responding, Mark Chick, director of ALEP and a Partner at Bishop & Sewell LLP said: ALEP welcomes the ministerial statement which puts in place a timeframe and some objectives for the implementation of the Leasehold & Freehold Reform Act.…
Read More 
Essential Garage Storage Solutions for Small Spaces
Maximize your garage space with practical storage ideas that keep your items organized and accessible. If you’re dealing with a smaller garage, smart solutions can make a big difference in keeping your space neat and usable. 1. Wall-Mounted Storage Wall-mounted storage is an excellent way to save space and keep your garage organized, especially in…
Read More