How to Increase the Value of Your Home

Not every home is perfect, but there are plenty of ways to ensure that your home is worth as much as possible. It can take a little bit of work and some financial investment, but if you make the right choices when improving your property, you’ll make the most difference to how much your property is worth. So, with that in mind, here are some suggestions for how to increase the value of your home, as well as how you can take advantage of this increased property value.

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Why It Matters

One of the most obvious benefits of increasing your property value is that, when it comes to selling your house, you will get a better price and profit. This is the most common reason that people want to increase their home’s value, which makes perfect sense.

It also means that you want to make smart investments. There’s not much point in spending thousands to increase your home’s value by a small amount. Ideally, you want more bang for your buck, especially if you’re just going to sell the property and not benefit from your improvements.

As well as increasing your profits, these improvements will make your home more attractive to potential buyers. So even if they don’t have that much of an impact on your actual value, they do make your home easier to sell, so you have more bargaining power.

Another good reason to invest in your home is if you were planning on remortgaging your property. If you increase your home’s value before remortgaging, you can cash in on that extra equity and invest that money elsewhere. You can enjoy lower interest rates than you’d get with a typical loan, so you might be able to use this cash to pay off debts.

So, what changes can you make to increase your value of your property?

Painting and Decorating

We all have our own styles and preferences, but when it comes to your property value, it’s best to either follow a recent trend or go for a neutral paint job.

Even if you intend to keep your current style, repainting and freshening up the decor can do wonders for your property value, with relatively little effort or monetary investment. However, painting in a neutral style is often the best option.

This is because potential buyers like to have a blank slate to work from. They can imagine living there and adding their personal touches, without being distracted by your design choices. Also, neutral colors tend to make a room look larger and more airy, which is never a bad thing.

Replacing Doors and Windows

This is one of those jobs where it really depends on your property as to whether it’s worth doing. If your home has relatively good doors and windows, it might be too much of an investment to bother with. However, if it’s been a long time and your home is clearly suffering, old and drafty doors and windows are often seen as a good reason not to buy a property.

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Look into home window replacement and consider the costs before you make a significant change. Moving windows and doors can cost even more and will cause a lot of disruption to your life and home.

However, sometimes it’s well worth the investment to get new doors and windows. As well as reducing drafts and utility costs, all of which are attractive to potential buyers, they look nice. This visual appeal can’t be underestimated.

People make decisions more quickly than you might think. The curb appeal of your home, which is the impact it has when people first look at it, will color how the rest of the viewing goes. New doors and windows can set an immediately positive first impression.

Basic Maintenance Jobs

Small defects can have a massive impact on your property value, even though they might not seem that important at first. Home value, while being a primarily objective thing, can be chipped away by seemingly superficial issues.

But this means that you can quickly boost your home value, simply by investing a little money and time. This is a great investment, with relatively little cost to you, but an impressive end result.

So, replace any broken lightbulbs and fix small plumbing issues like leaky faucets and any mold or limescale build-up. Oil squeaky or rusty hinges. Clean and repaint walls where necessary, especially where it’s most obvious.

These are just a few of the quick-fix maintenance jobs to look out for, so be sure to check the whole house for any minor but important repairs. Home repairs and maintenance is the key!

Tidy and Declutter

Speaking of small but important repairs, you should also make sure that your property is as clean and tidy as possible. Again, this might not have an obvious impact on your property value, but it can impact your bargaining power as your home becomes more appealing to potential buyers.

If you already have a new property to move into, consider moving some or all of your furniture. There are different schools of thought as to whether it’s best to sell a furnished or unfurnished property, so do what’s best for your situation.

Bear in mind that an unfurnished property can’t hide the aforementioned small defects as easily. But it is often easier to sell, as people can get a better idea of the scale of the property.

The Exterior

One thing mentioned earlier was curb appeal. You can increase the curb appeal of your property by improving the front door and windows, but you should also concentrate on the exterior of your property.

A driveway or garage is an immediate selling point because it gives people more parking options and can keep their car safer. But it also pays to make sure the backyard is at least neat and tidy with a nice lawn or other features.

You don’t want someone to look at your property and just see a mess they’d have to clean up. Help them to imagine living there. We hope we have identified ways on how to increase the value of your home.

[All images were downloaded from unsplash]