Are you wanting to increase the value of your home? With the average UK house price at £296,000 in 2022, houses are being valued at higher than ever before.
Whether you’re looking to sell in the next three months, or you have come into some money and want to invest it in your home, here are some options you should consider:
Energy efficiency
Prospective buyers and existing owners are becoming increasingly conscious of the energy efficiency of a home. The current cost of living crisis, combined with the increasing severity of climate change, means the demand for sustainable homes is greater than ever.
There is a wealth of ways you can improve your home’s efficiency, dependent on your budget and the time available. For example, you could replace your boiler with a new, more efficient model.
Or you could go one step further and invest in solar panels for your home, therefore reducing dependence on the national grid and in turn reducing your home’s carbon footprint and subsequently your energy costs.
Structural issues
When you live somewhere, particularly for a long time, it often becomes easy to overlook seemingly non-urgent issues. Despite not posing any immediate threat, ignoring them can cause very costly problems later down the line and can strongly detract potential buyers from putting in an offer.
Issues could include damp, wall cracks, or rotten joists. It may be that they were picked up on in our buildings survey when you purchased the property, or they may have developed over the years.
Addressing these issues is an effective way to increase the value of your home and save yourself money in the future.
Fixtures and fittings
If you want to take a more cosmetic approach, replacing fixtures and fittings in your home is a good way to do this. This could involve applying a fresh coat of paint, replacing drawer handles, or switching out outdated light fixtures.
Consider which areas of your home receive the highest level of traffic and so may subsequently be the most worn, this is a good starting point.
If you are planning to sell soon, make sure that you opt for neutral upgrades so as not to put off prospective buyers. It is useful to consider what will appeal to the majority of people rather than what goes with your personal style if selling is on the cards for you.
Curb appeal
When it comes to selling your home, you are going to have valuers and viewers making judgments on your home from the moment they lay eyes on it. Therefore, it is well worth making some changes to the front of your home to create a more appealing visual impact.
This can something as small as de-weeding your front garden and adding some hanging baskets, to bigger projects such as landscaping or replacing your front door.
Take a step back and try to view your house through the eyes of a possible buyer to help highlight where you could make improvements.
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