When you are selling your home, you need to take many factors into account if you wish to make a profitable sale. The first, and the foremost, is to take the help from a highly skilled online estate agent, who will help you through each step of the process. Internet estate agents have the right experience to make sure that your house gets the attention it deserves, and would lead highly profitable buyers to your door. However, do not assume that an agent can make a huge sale on a house that does not offer enough features to entice an audience. You need to make an effort on your part, too. And this is what this guide is about.
Understand that when your house gets listed on the top, most visited portals in the country, such as Rightmove, Zoopla, PrimeLocation and NeedAProperty, there is a tough competition that you have to face with. In order to make sure that you are offering enough goods to encourage the valuable buyers to take your house into consideration, you need make sure that you are providing some of the best perks in the list.
Now that we have said that, we are listing 15 of the most profitable ways to boost the value of your home. You don’t have to use all of these methods for your home, though. Simply browse through this list, and see which ones are suitable for your needs.
1. Fix the Basics
When selling property in the UK, any updates or additions to the house such as a new bathroom or a garden will be of no use if you haven’t paid attention to the basics. There are two types of fixes that you need to take care of: the structural ones and the superficial ones. Let us discuss each of these in detail.
Although you can hide many structural defects with some touch ups, a valuable buyer will be able to see through it and you will lose the deal. Buyers are now being educated to learn the signs of hidden defects such as when damp is painted over. The best way is to take the time to repair the structural damages in your home, such as:
- Infestation of pests
- Rotten timber
- Leaking or sagging roof
- Broken or missing roof tiles
- Collapsed slab/ floor
- Bowing walls
- Cracks in the walls
- Unstable chimney stack
These damages are the ones that you should spend your resources on to fix. These fixings will definitely cost you a lot if your home includes many of these, but it would be definitely worth it.
If you are not sure about how you should go about with the repairs, consult a professional who would help you out. Also, these repairs should be the first item on your list, because it takes time, and other renovations such as paint, always come later.
Small defects in the house add up to a decrease in the value of your house. These defects will put off the viewers, and should be taken care of immediately. The best part about these defects is that they are quite easy to handle and if you are handy with tools and a regular DIY crafter, it will not take much of your time. These are some of the most common superficial damages:
- Leaking faucets
- Peeling paint
- Squeaky doors, windows and/ or stairs
- Bad odour
- Mouldy sealants in bathrooms and kitchen
- Loose tiles
- Latches which are not working
If you are not a DIYer, ask the help from friend who is, or hire a professional to do the job for you.
2. Create a Blank Slate
Remember that the person who is visiting your home would not be interested in your choice of decor. They would require a blank slate in which they can imagine living in. This means that you need to paint over that bright yellow wall in your craft room in a neutral colour. Remove all accessories that reflect your likes (yes, please take down that deer’s head from the wall) and keep it clean and simple for the viewer to appreciate the space in your house. Allow them to imagine hanging their own favourite decorations, and remove any and all traces that spell YOU.
3. Update the Plumbing and Electricity
The plumbing and electricity are the two main things that the viewers would take most notice of. If there are frayed wires around and leaking pipes, they would be far from being impressed by your decor.
If you have an old, gravity fed pipe work, consider installing a pressurised system, which would free up space (it does not require a header tank) and will provide efficient supply of cold and hot water. You can also add a combination boiler with a good flow rate. This would ensure that hot water would be supplied whenever needed.
Install a Residual Circuit Device (RCD) to ensure safety of the people living in the house. Replace the bad wiring and rewire the entire house if you have an old fuse box. You can also add extra sockets in your house.
4. Include Central Heating
Updating your existing central heating or adding one if you don’t have any would add huge value to your home. It will also boost your energy performance, and your Energy Performance Certificate (EPC) would show a better rating, attracting more viewers to visit your home. You can also provide insulation to the loft space and seal any drafts around windows and doors.
5. Replace the Windows
New and improved windows add the spice to your home that would certainly make it the pick of the lot. Visually pleasing homes are the ones that perform well on property portals, and this one replacement can make all the difference to improving the look of your home.
6. Convert Your Roof Space
If your roof space can be converted in a cost effective manner, then absolutely GO FOR IT! You can use cut roof timbers or attic trusses to create a roof structure. However, do consult with a contractor to see what changes you can make on your roof and how to convert it into a nice space. Make sure that comply with all of the latest building regulations and add proper, enclosed escape routes.
7. Loft Conversion
IF you don’t wish to convert your roof space, or your roof type might require too much money to convert, you can always choose to convert the loft. Instead of using it as a storage space, it can be easily converted into an extra bedroom, which is always a plus when you are selling property in the UK.
8. Invest in the Improvement of Your Garden
If you have a garden which is not well maintained, it will not be a great first impression when the viewer walks up to your house and waits for you to open the door. An attractive garden adds a high visual appeal to the house and entices viewers to get their hands on it. With a great garden, you have the chance of attracting the gardening lovers and the environmentally conscious to your doorstep. The people who love to simply sit in peace in the outdoors would also love if you added some seating in the garden. You can also add a swing or two if you want to go big.
9. Remodel the Kitchen
Kitchen is usually the heart of the home and you need to make sure that it is presentable enough to attract viewers. You don’t need to break your bank over this remodelling, though. Simply make the most obvious changes like installing engineered flooring, replacing broken or rotten cupboards and fitting some new worktops.
Two most important aspects in the remodelling of the kitchen are the lighting and ventilation. Make sure that there is sufficient light in the kitchen, and proper ventilation is in place.
You should keep in mind that the money you spend on your kitchen is according to the budget that you have identified. Some homeowners make the mistake of focusing solely on the modelling of the kitchen and leave other areas unattended. If you can’t afford to make expensive updates in the kitchen, then don’t. Simply fix the major things that need to be fixed that lies in your budget, and move on to the next thing.
10. Squeeze in an Extra Bathroom
Did you know that adding a double bedroom to your home improves its value by 10%? If you can’t afford a double bedroom, do try to add a single bedroom in your house space. Although it would cost quite a lot (somewhere between £15,000 and £40,000), it definitely gives the most return on your investment.
11. Basement Conversion
Basements are often overlooked when it comes to renovation and upgrades. Like lofts, it is the place that is commonly used as a storage space. If you do it right, a basement conversion can add a lot of value to your home. One drawback to this conversion is that you would probably need to move out of the house sue to the renovations and it takes a lot of time. Not to mention that it is quite expensive, as well (around £300 per sq ft). So, if your house is worth that much and you can afford this conversion, by all means upgrade your basement to impress the buyers.
You should focus on adding proper lighting to your basement to make it look more spacious.
12. Invest in a Conservatory
Adding a conservatory that costs around £5,000 to £30,000 will add 7% percent, while one that costs £10,000 to £30,000 will add 11% to the value of your house. Building a conservatory is therefore one of the best ways to improve the value of your home.
In their aim of adding value to their homes, many homeowners simply build a space without taking into account the style and design of the home. As a result, it looks completely out of place and instead of adding value to your home, decreases it. When you are building a conservatory, look into the plans and carefully choose a design that would match the rest of the house. Use good quality materials to ensure that the value of the conservatory remains significant.
13. Create a Parking Area
In the urban areas, houses which include an off-street parking is a huge bonus. You can limit or remove the space for your garden to make space for one or two parking spaces. You will see that most buyers would prefer having a well maintained and well designed parking space than a garden, so if you have to sacrifice your garden for a parking area, do it.
There are some considerations to keep in mind, though:
- You must comply with the Highway regulations prescribed by the local authorities
- Check ownerships and make sure that you are not crossing over any land that does not belong to you. You can easily use this online property search tool to find information about property ownership
14. Add Storage Space around the House
You can never have enough storage space in a house. You can easily find many ideas on the internet, especially on Pinterest, to make use of the nooks and corners to add storage space. Here are some areas to consider:
- Unused wall space
- Space under the stairs
- Space above the sinks
You can look around your house for more unused areas where you can make the most of by adding storage space.
15. Finishing Touches
Add the finishing touches in your home that would improve the overall appeal of the house. Here are some great ideas for you to incorporate:
- Hang some mirrors on the walls: They make for the safest wall hangings and they make the house look more spacious
- Improve the look of your front door: You can replace the old doorknob with a new one and add a door hanging to make it more visually pleasing
- Clean away the clutter: De-cluttering your home is very important when it is time for viewings. Stow away all the unnecessary items
- Target your viewer: Know beforehand who is coming to have a look at your house, and prepare accordingly. For instance, if the viewer is a family with a baby, you can show around the extra bedroom as a nursery
- Upgrade light bulbs: If the light bulbs in your house are broken or do not work, replace them with new ones
- Paint the house: Don’t forget to paint the house in a neutral colour!
If you are looking for a reliable online estate agent to make a profitable sale of your home, or you need to discuss with an expert about selling property in the UK, contact the professionals at iMoveEstates!