Top 5 Improvements that Can Add Value to Your Home
When planning to list your home for sale, it is in your best interest to find ways to up the value of your house and grounds so that you can get a higher asking price. It may mean a bit of renovation or some construction to make the needed improvements, but when complete, your home will be worth more so that you can fetch more when time to sell. Here are the top five improvements that can add value to your home.
1. Add Living Space
There are several ways to add living space to your home amongst which are loft conversions, added rooms, garage conversions and even the addition of a garden room. Not only can these be used as an extension of the family living area but can also be suitable as a rental unit whereby the new owner can earn a bit of income to offset the cost of purchasing a home. Garden rooms are some of the trendiest additions to homes and some include plumbing so that they dub as a small studio. According to industry experts at gardenspaces.co.uk, garden buildings can be made to almost any specs and can be self-contained if needed. One thing is sure, no matter the ultimate size, the added space can significantly increase the value of your home.
2. Focus on Curb Appeal
The first thing any prospective buyer will see is the outside of your home. Realtors advise that you put money into your grounds if you want to add to the asking price of your home. Hire lawn care specialists to prune back unsightly shrubs and spend a little money filling in barren patches on your lawn. Plant some flowers and annual plants around the house and see to any falling limbs on trees that need to be cut back. In other words, if your grounds are not well manicured you may never get the first person to step foot inside to have a look around.
3. Make Use of Natural Light
One of the biggest concerns that many homebuyers have is the cost of lighting, heating and cooling your home. Some homes are just too dark for comfort and that’s why the addition of an extra window or two in main family areas can more than compensate for the ultimate asking price. You can generally mark up the amount you ask several times the cost of installing a few extra windows or skylights because the new owner will expect to save tidy sums on their electricity bill by taking advantage of free light from the sun. Also, lighter rooms appear much larger so you will want to bring in as much light from outside as possible.
4. Make Necessary Repairs
Do you have cracked paint or tiles on flooring that need to be replaced or repaired? Not only are these considered ‘blemishes’ in an otherwise attractive room but they can be hazards as well. Any repairs that need to be made should be done prior to listing your home for sale. Gutters and fascias outdoors should be seen to as well as any windows that aren’t sealed and fitted properly. Are your doors air tight? These are all things to consider so see to them as soon as possible.
5. Update Kitchen and Bathroom Plumbing & Fixtures
Two of the main focal points for homebuyers are the kitchen and bathroom/s. Make sure all plumbing is in good repair and that appliances to be sold with the home are in good working order. Sinks, tubs and toilets should be updated and if you really want to add to the value of your home, consider installing high efficiency toilets. If your home is situated on well water, it may not be such a huge issue, but for city utilities, water saved is money earned.
These are the top five home improvements that can add value to your home so if you are serious about wanting a quick sale, start with these even before listing your home. With just a bit of extra care, you can increase your asking price by as much as 25% (or even more!) and spend a fraction of that making the alterations. It’s well worth the time and investment.