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How to double the value of your home for very little money!
If you have had a disappointing valuation of
your home the surveyor will no doubt have pointed out a few ways of boosting
the price. And although some might cost a few thousand pounds such as acquiring
more land to create a bigger garden or fitting an extension, there are other
simple changes which might not cost the earth but can ramp up the value of a home
very swiftly.
Some are obvious. Think about it from a
buyer’s point of view – would you want to buy a house where wallpaper is
peeling and mould is clinging to the ceilings? You may need to completely
redecorate some older-style rooms, and cover older, grubbier, pieces of
furniture. It is about giving the correct impression, even in items that you are
taking with you should you move.
Firstly, all mini DIY projects need to be
tackled. That means squeaking doors, poorly tiled and plumbed bathrooms, mould,
cracked windows and other issues that you keep putting off need to be tackled
now. You will need to invest manpower and time, but not too many pennies to deal
with cosmetic issues. For example, researchers at LSE found that doubling a
house’s broadband speed could instantly add 3% to its value, as reported by USwitch.
Then the structural problems need to be
dealt with, and swiftly. A sagging roof, dry rot, a collapsed floor and other
issues might not be cheap, but you simply would not sell the house if these defects
are present. Even creeping cracks in the wall which do not look like much need to
be investigated.
If your windows are not retaining heat,
or the frames are plagued with revolting peeling paint, then installing double glazing
might add more than double their cost to the house value; in other words, a
£15,000 set of windows might add £40-50,000 to the home. Make sure they are
sympathetic to the style of the home.
Replacing an old kitchen can also work
wonders for boosting the image of the home. Potential buyers will notice
damaged drawers, scratched surfaces, missing lights and other neglect. Perhaps
even worse is if the kitchen does not suit the décor of the rest of the house,
in age, colour or style. Totally replacing the kitchen for a couple of thousand
pounds might add £5-10,000 to the overall value. Make sure everything is clean
and smells good.
Here is another way of potentially boosting
the value of the house in a buyer’s eyes; removing junk. Cluttered rooms full
of ugly ornaments and old, unwanted items should be taken to the tip
immediately – that also includes the shed and garage as well. Can you rearrange
the sitting room, kitchen or garden to boost space allowance? Is there any way
of securing off-road parking at the front of the property?
Finally, a few additions that one could
make that will pay for themselves and more: a conservatory (check regulations),
central heating, a shower, underfloor heating from a company such as the Underfloor Heating Store,
and an outside storage unit.
If you have to pay £10,000 to put
£50,000-£100,000 on the value of the home, then it is surely an outlay worth
pursuing. And of course if money is of little concern then these measures described
in the Telegraph such as loft conversions and adding a
garden room will immediately transform the asking price. If not, these tips,
added together, will cost little but promise much when it comes to selling.
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