Blog

Spring into action and add value

Wednesday, March 8, 2017

Interior condition is all important: de-cluttering and cleaning are obvious but sure ways to increase the value of your home and whether it will sell. If you are planning to “DIY”, it’s worth checking your home insurance covers you for accidental damage. If you haven't got the right skills, it may be better to pay a professional! Whether you do the work yourself or get professionals in to help, here are some ways to maximise your time, energy and budget.

Additional space is likely to enhance your property’s value as well as adding comfort; a new conservatory, loft conversion or extension should all add value if done well. Moving internal walls to create a new room may cost less than extending whilst still adding perceived extra space.

The main improvements which add value are central heating, double glazing, a new kitchen or an extra bathroom. Costs vary but in general will yield up to twice the value of the work. A good wood burner costs approximately £2,500 and can add up to 5% to a property’s value. Now is a good time to consider spring reductions on “winter products” such as fires and heating systems. Experts advise that new double-glazed windows add up to 10% in value and make a home more cosy and saleable. But quality counts. An additional bathroom costing £4-20,000 can also add 10%.

New to the “value added” list is faster broadband. Superfast broadband via cable or fibre-optics means you can stream TV, music or data without delays, with all members of the family using it at once. Broadband use has become so entrenched in people's lives that it can be massively important to buyers choosing a home. Revamping your kitchen can certainly add value to your home.

Buyers look for spacious kitchens with integral appliances. You can just give your kitchen a makeover, by painting cupboards or upgrading doors and worktops. Just make sure to include as much storage space and work area as possible.

A covered patio with bi-fold doors from the house can give the feeling of an extra reception room. With good lighting and patio heaters, you can enjoy it throughout the year. A sunken garden with a fire-pit really has the wow factor, and can add £thousands to your property in the process. Gardens can be the poor relation when it comes to adding value but if a garden is well kept and designed, it's a real plus point.

With outdoor space at a premium, consider what type of buyers you’ll attract when you come to sell. Young professionals may want a low-maintenance garden with outside entertaining space while families look for a safe play environment. Think twice about installing a hot tub or swimming pool; it can reduce a home's value and appeal with concerns over maintenance and safety. Always ask your local estate agent’s advice, about major changes and their effect on your property's saleability.

Whatever you do, indoors or out, invest wisely. Your home’s value is partially determined by that of your neighbour’s homes, so don’t overextend or take your property’s value out of line with the neighbourhood. To get more advice on selling your home, including the best way to list your house once it is in top shape, visit our website. Or for a free, no obligation appraisal of your property call your local Frost Partnership office.