The Right Ways To Add Significant Value To Your Property

Maximizing the value of any property you own makes good financial sense. However, there is a right way and a wrong way to go about this task. The good news is you can discover the right ways to add a significant amount of value to any real estate you own in the post below. Keep reading to find out more. 

Update your bathroom 

Grimy, worn bathrooms will never add value to your property. It follows then that updating any bathrooms is a smart idea. Shiny new bathrooms make properties particularly desirable to buyers because they know it’s one job that has already been paid for and taken care of. However, if you can’t afford to replace an entire bathroom suit then a coat of paint, grouting cleaner and new sealant can help an old bathroom look like new. 

Make any necessary repairs. 

One of the most simple ways to add value to your property is to keep it in good repair. This is because any buyers will reconsider the asking price if they find there are lots of fixes and changes they need to make. 

The most important repairs to the value of a property include anything that compromises safety such as electric and gas repairs. Also, structural repairs should be done before you put your property on the market if you want to maximize the price you are asking for it. Lastly, roof repairs should be completed before you have your property valued or choose to sell. It may even be worthwhile to have an old roof replaced by professionals offering roofing services in your area. Indeed, a brand new roof can be a big selling point for a property, as any buyers will be confident that they will not have to make any major repairs or costly replacements. 

Consider bi-fold doors

 You can add value to a property by installing bi-fold doors. Bifold doors concertina together allowing a large space to be opened to the outside. This effectively blurs the line between inside and out and can make a space very airy and pleasant. Bifold doors also make entertaining outside much easier because the indoor spaces and outdoor spaces easily flow into one another.

Put in underfloor heating. 

Energy efficiency is important to buyers and this is not going to change any time soon. That means anything you can do to improve the energy efficiency in your property and help you increase your asking price. One option is to add underfloor heating in your space, as this provides a very energy-efficient way to heat your home. The reason for this is that underfloor heating warms the area with which your feet connect, helping your space to feel warm without having to heat all the air in a room. 

Underfloor heating is also seen as a luxury, particularly in bathrooms and kitchens where standing on tile that is not freezing in the morning is highly desirable. 

Add a basement or loft conversion. 

Adding extra livable space to your property is always a good idea if you want to add value. The best spaces in which to do this are usually either the loft or the basement, as the outside structure is already built, and they just need conversion. 

Don’t be fooled though both loft and basement conversions can be costly. This is because there are a range of tasks that will need to be done to ensure that such spaces are livable and safe. For example, loft conversions will require the correct stair measurements and fire doors to make them safe. Basements will usually need sealing to prevent dampness and mold. 

Put an office in the garden. 

Working from home is common these days, and that means home office space can add a healthy premium to the value of your property. One of the most popular types of offices that people are installing right now is a garden office. These tend to be separate self-contained buildings placed away from the house, surrounded by a garden. 

One advantage of placing them in such a location is that you get a quiet space in which it’s easy to concentrate as the office is away from the hustle and bustle of the house. Another is that many such offices come with glass sliding doors which facilitate a beautiful view of the garden while working. 

It’s best that you do your calculations carefully before putting them in a garden office for the sole reason of increasing value. This is because they can be one of the most costly additions. This means you’ll want to be sure you’ll get a good ROI before you go ahead. 

Embrace period features

Period features are incredibly desirable right now. Everyone wants an older home that’s authentic, and this means you can ask for this type of property. Pay special attention to any original and unique features that will make your home stand out from the crowd. Such features may include original windows, picture rails, coving, and doors. 

Be aware that you may need to restore them to get them back to their former glory though. After all, wood especially can weather badly over time. Ensuring that any renovation is done sympathetically is important though, as clumsy work can lower the value of your home rather than increase it. 

Add a toilet downstairs. 

Last of all, if you want to add significant value to your home that will be reflected in the estimate of your property, then putting in a downstairs toilet is crucial. Not only is a downstairs toilet what most people have come to expect, but it’s important for those with limited mobility. 

Additionally, when you have facilities like this downstairs, you get to keep your upstairs areas including the bedroom much more private when entertaining. It is these benefits that add extra value to the lives of those who live in the property and mean you can ask more when you choose to sell it. 

Refresh your decoration 

One of the most straightforward ways to add value to your home, redecoration is an option you should always consider. However, you will have to approach any redecoration with the right mindset. This means you need to decorate with home value in mind rather than your own personal tastes. 

To that end, you will need to choose neutral colors and tones and avoid adding any decoration that is too unique. Essentially you’ll want your property to appear as a blank slate on which another owner can transpose their lives so white or cream walls, woodwork, tiles, and bathroom suits are the way forward. The only place where you can get away with a little more personality is the kitchen where the latest color or trend can be used to show how recent the work is.

Add an extension 

Square footage is one of the key facts stated in any real estate packet. Usually, it’s the bigger the better when it comes to property, so adding additional square footage via an extension can pay off in the long term. 

There are several things you will need to consider before going ahead with an extension on your property. The first is whether you have the space to add more room. For example, many people extend their kitchens out into their yards. But if you only have a small yard space this may not be possible. 

The second factor you will need to consider is whether you are OK with the disruption to everyday life that getting an extension can cause. You can expect construction workers to be traipsing in and out of your property for weeks if not months! Then there is all the dust, first and they can cause. Lastly, you may have issues such as having the water or electricity turned off that can make daily life a real struggle. If you live full-time in the property you want to extend and want to avoid such issues try to come up with a plan ahead of time. For example, you could agree to use neighbor’s bathrooms and kitchens until the work is done. 

Utilize kerb appeal 

We all know that first impressions count and it’s not different for real estate. That is why if you want to maximize the value of your property you must give some TLC to the outside and front facade. 

A new front door, clean windows and frames, and a swept driveway will help. Adding plants and shrubs in tubs can also beautify the space and create that all-important good first look for buyers and valuers. 

Tend to your garden and outside areas.

Last of all, before you have your property valued or put it on the market you will need to make sure your outside spaces are in order. This means ensuring any lawn you have is green and healthy, and that any flower beds are weeded and tidy. Add colorful flowers if you can as these always create a positive impression. 

It’s also a good idea to tidy up any outbuildings, cleaning them and even adding new doors and woodwork if necessary. Remember the better the impression that you make on a buyer or valuer the higher the price of your property will be.

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