Property Value: How Can I Increase it?
There are several ways to increase the value of your property before putting it on the market, or before renting it out to someone.
First Impressions Count
One effective strategy is to boost curb appeal by keeping your home’s exterior inviting and well-kept. First impressions matter. This can mean repainting the outside, refreshing the front door, tidying the garden, updating lighting, or adding features like hanging baskets.
Energy Efficiency
Making energy efficient upgrades can also add value to your property, such as installing new windows, adding insulation, or upgrading to energy-efficient appliances. All homes are now rated for energy efficiency, so homeowners must invest in an energy performance certificate (EPC) when selling. Not only will these upgrades make your home more attractive to potential buyers, but they can also help lower utility costs.
In addition, you can make some investments towards improving your property.
Investments to your Property:
- Sprucing up your kitchen – this is a classic way of making your house more aesthetically pleasing, as well as boosting your property’s value. According to the FMB and The Guild of Property Professionals, they found it could add around £15,000 to the average home in Cambridgeshire.
- Open plan living: knocking down a wall – this could allow families to spend more quality time together and it’s one of the best ways to add value.
- Creating a parking space – according to Direct Line, paving off a part of your front garden can add as much as 13% to the value of your home. So, depending on how important it is in the neighborhood, could be worth it.
- Converting your loft, garage or cellar – if you’ve got the money, make sure you get planning permission and have the space for it.
- Improving your back garden – This one can really make a difference when selling your property – for the buyers as well as the valuation. Adding things like decking and lighting to your garden can raise the asking price when a property goes on the market.
There are grants available to help sponsor your refurbishment.
Regular maintenance like fixing leaks, repairing walls or floors, and servicing the HVAC system helps maintain your home’s value. Addressing structural issues quickly prevents bigger problems later. Keeping your property clean and tidy shows buyers you care, helping your home stand out in a competitive market.
If you’re planning on any of these, then good luck and have fun!
Written by Vicky Wojslaw
Summer Sky Investments Ltd.
