The Best Methods to Increase Your Property’s Value

If you have decided to sell your house or want to ensure its value is protected for the future, you might decide that you would like to explore the best methods to increase your property’s value. To make an informed decision on the best route forward for your property, you should consider what factors will have the most significant effect on your property’s value and your budget.

Depending on your property and budget, we have gathered some options for you to consider when you’re trying to increase your property’s value.

If you need to achieve a quick sale and don’t have time to make major improvements before selling, We Buy Any House offers a convenient solution. They can purchase your property in as little as three days, regardless of its condition.

The Quick Route

Even if you’re on a limited budget, there are still many beneficial options to consider.

Room Updates

To ensure your property makes a positive impression on potential buyers and improves the likelihood of achieving your desired price, it’s important to spend some time on its aesthetic appeal. Visually appealing properties create a connection with buyers, reducing the risk of a sale falling through at the last minute. Fallthroughs lead to spending longer on the market, eventually having to reduce your price. This is also a great option if you want to keep costs low.

1. Fresh Paint: A coat of fresh paint is an effortless yet effective way of breathing new life into your property. If the paint is chipping or dulled, buyers don’t get that immediate connection, and this can be hard to look past. We recommend using light, neutral colours on your walls and then introducing some pops of colour in your linens, flowers, or other décor.

2. Upgrade Your Flooring: Flooring is another excellent opportunity to improve your property’s resale value. By upgrading your flooring, you not only improve the appearance of the room but also enhance its durability, making it a great selling point.

3. Maximise Natural Light: A recent study found that improving your home’s Energy Performance Certificate (EPC) rating will increase its value by up to 20%. One effective way to achieve this is by maximising natural light through large glass doors and windows. While this might be a slightly more expensive option, it can be worthwhile for rooms that currently lack natural light, such as kitchens or bedrooms.

Expanding Outdoor Spaces Functionality

The garden is often an overlooked asset when it comes to enhancing a property’s appeal and value. To maximise its potential, consider these options:

• Enhance the landscaping: Invest in high-quality plants, shrubs, and trees that complement your property’s style and thrive in your local climate. Consider adding features like flower beds, water features, or pathways to create a visually appealing and functional outdoor space.
• Add outdoor furniture: Adding some outdoor furniture can revamp your garden into a welcoming and inviting space. Choose pieces that match your property’s aesthetic and provide enough seating to allow you to market it as an entertainment space.
• Invest in weatherproof features: Protect your outdoor furniture and plants from the elements by investing in weatherproof covers, umbrellas, or pergolas. Although a pricier option, it will improve your marketability against competitors and help increase the perceived value of your property.

By maximising your outdoor space, you not only give yourself the chance to increase your property’s market value but also provide buyers with year-round enjoyment, making it stand out against similar properties in the area.

Extensive Investments

When you get your property valued, the factor that will be most influential is its size. Typically, the larger your property, the higher your valuation will be. Therefore, if you can increase the size of your property, then this will be the most beneficial strategy to increase your property’s value.

If you think this might be the strategy for you, then there are two methods to consider: extensions and conversions.

Extensions

Another great option is adding an extension to your property, but careful planning is essential to maximise your return.

Consider factors like location, size, and design to ensure your extension enhances your home’s value and functionality. A well-thought-out extension that complements your existing property can increase its overall appeal and potentially boost its resale value.

Understanding your local market is also important. Researching the features potential buyers in your area prefer can help you create a space that meets their needs and increases your home’s appeal. For example, if your local area is popular with families, adding another bedroom would be the best option.

By following these guidelines, you can increase your property’s value and make it more attractive to potential buyers.

Conversions

Conversions are another great way to improve the functionality of your property’s available space. This is especially beneficial if you don’t have room for an extension. If you have areas that serve no purpose, like an attic or basement, you can turn them into valuable functional spaces. This not only makes your property more marketable and attractive to potential buyers, but it also increases the likelihood of achieving an attractive price once sold.

You have various options that you can consider when it comes to a conversion:

• An extra bedroom
• Home office
• Playroom
• Home gym

However, as we have mentioned with extensions, you need to make sure your conversion is in line with market preferences to secure a worthwhile investment.

Whether you decide to go with a conversion or extension, both options offer the opportunity to enhance your property’s appeal and increase its chances of achieving a higher sale price.

Conclusion

Whether you’re preparing to sell your house or want to secure its value for the future, these are great options to consider. From quick fixes to more long-term investments, each improvement offers the opportunity to enhance your property’s appeal and marketability, securing a higher sale price.