When it comes to selling your property, there is absolutely no doubt that you will want to get the most money for it. But there are so many things that can affect the price of your home, and when you come to sell it later on down the line, you are not always guaranteed to turn a profit on it.
Whether you bought the house during a spell when house prices were high, or if the area that your home is in has gone down a bit in terms of popularity in recent years, these factors can send you into a bit of a panic.
You will no doubt need to earn as much from selling the property as possible, and in order to do this, you will need to make money on the sale of the house.
Here are a few ways that you could think about to increase the value of your home before you put it on the market.
Bring It Into The 21st Century
If your home was built more than a few decades ago, there is a strong chance that the wiring is a bit old now. Houses built more than thirty years ago were not really designed to handle the type of demands that our modern technology needs put onto the wiring installation. Think about how many plug sockets you have. If you are running multiple extension cables to increase the number of outlets available, then it is a sure sign that your wiring is inadequate.
Modern homebuyers will be looking for these things. It is well worth investing in modernizing the wiring. This may mean thicker cables, more outlets, direct USB charge sockets, and a new fuse box. This is not just going to add value to your home, it will also make it safer.
Similarly, you may want to look at getting a more efficient and economical heating installation put in place. This will not only make heating the house cheaper, but the home will also be much warmer. Being able to regulate the temperature of the house is important to homebuyers, so it is vital that you invest in heating and air conditioning upgrades if needed.
Think about improving the bathroom suite and the fitted kitchen too. These functional items get a lot of use and also may have been installed several years ago. If they look dated, they may put buyers off.
Extend The Property
Additional rooms and floor space will increase the value of the home. The more space, the better.
You could look at extending the property outwards by having additional rooms built onto your home. Of course, you will need to get planning permission granted before you start building, and you will also have to use the services of an architect to draw up the plans.
An extension can be very expensive and time-consuming. Ultimately, though, it may add a huge chunk onto the value of the house.
Utilize Existing Space To Add Value
Instead of building onto your property, you could look at ways of utilizing the space within the property in a more effective manner. If you have a loft space, a basement, or even an attached garage that can be converted into another room, then this may be a cost-effective way of increasing the asking price of your house.
Think about converting these areas into rooms that will be useful. An attic makes a great additional bedroom and you may even fit another bathroom up there too. You could alternatively use it as an office space.
Your basement or garage could become your kitchen or dining space, or even become a games room or additional living room.
Give The Walls A Lick Of Paint
Spruce the whole of the interior of the home up with a lick of paint. If you paint the property white, it will make everything appear bigger. It will also create a blank canvas that will allow the next owner to put their stamp on the place.
Don’t Forget The Exterior
The outside of your home is the first thing that a new buyer will look at. Make sure it looks the best it can. This mean cleaning windows and guttering. Giving the walls a clean or even painting them, and putting some effort into making the garden as nice as possible. Think about how you can make your home look as good as possible in all of the real estate brochure and website photos.