Improvements to Increase Your Property Value – 3 Top Tips
Improvements to Increase Your Property Value – where to start.
Completing property improvements can be an excellent way to improve your home or commercial space’s functionality and comfort.
Upgrades can also increase your resale value and make your property more attractive to buyers when you decide to sell.
That said, most property renovations require significant investment, so you must choose projects that will give you a high return.
If your property is categorised under grade 2 listed buildings, meaning that it has a special architectural, historical and cultural significance, all the more you have to pay attention to improving it. This is to keep the interest and hype in the property high and to show people that you’re giving importance to it.
To give you some ideas, here are the top three improvements to increase your property value.
Top 3 Improvements to Increase Your Property Value
- Add a bathroom
Adding a second bathroom to your home can increase your property value by 5% – which is almost £15,000 on the average UK home. Having an extra bathroom will make your property far more appealing to larger families and will help your property stand out in the property market.
Adding a new bathroom is a fairly complex renovation project, and you will likely need to enlist the help of professionals, including builders and plumbers. A cheaper alternative is to modernise your existing bathrooms by upgrading old fixtures, installing a new shower, or replacing flooring, for example.
Ultimately, buyers like newly-weds and those starting a family are searching for comfort in their new homes and a completely-furnished elegant bathroom will surely make them consider your property.
These small upgrades can have a big impact and create a more relaxing and attractive bathroom space.
2. Paint and decorate – Improvements to Increase Your Property Value
Painting and decorating are one of the quickest and most affordable ways to add value to your home. Outdated interiors can be a major turnoff to potential buyers and leave a negative first impression. Luckily, repainting walls is a relatively simple home improvement that you should be able to do yourself.
Neutral palettes tend to be more popular with buyers as these shades make rooms appear larger and brighter. You can also use wallpaper and vibrant colours to create a striking statement wall and add style to your decor.
Planning on painting and decorating your house these days is fairly easy with all the resources you can scour on the world wide web. You can even use the psychology of colour to help you achieve the look and feel of your home.
For instance, using a blue palette will achieve a calm and serene environment, yellow is meant to stimulate the nerves and purify the body, and orange increases the energy level.
Using the correct colour may help in the holistic treatment of any illness of a family member, and help attract potential buyers too.
According to thespruce.com, you can ensure a flawless finish by cleaning the surface before you start painting, investing in high-quality brushes and rollers, and purchasing quality paint.
Improvements to Increase Your Property Value – Replace your windows
Improvements to the exterior of your property can be a fantastic way to boost your kerb appeal and increase your resale value. Replacing your windows can instantly modernise your property and make your home exterior more attractive.
New windows can also increase your security and make your property more energy-efficient.
This, in turn, should lower your energy costs and cut your monthly utility bills. Most property buyers are aware of the benefits of new windows, so replacing old designs can be an effective way to add value to your property.
There are several new window designs as well as treatments you can use to your old windows. Some windows with glass tend to look hazy in time and this could decrease the beauty of your façade, so treating or replacing them could be vital.
You can search online to compare the best windows for your home. There is also an excellent selection of commercial windows Birmingham that can enhance your office space or commercial building.
Conclusion on Improvements to Increase Your Property Value
Renovations can be an excellent way to enhance your property, but you should remember that not every improvement will add value to your property. You must do careful research and choose to invest in the most profitable renovations that will boost both your liveability and your resale value. Above are a few of the best improvements to add value to your property.
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