Increase the value of your property on a lower budget
Published on 14th August 2013
A few weeks ago, we wrote about how to improve the value of your home. We wrote about loft conversions, converting your garage and adding extensions in order to get the maximum value from your property. This week we are going to explore lower cost improvements that can make a big impact on not only the value of the property but on converting potential customers from browsers to buyers.
Understand your audience, if you know who the most likely type of buyer is then you can present your home in the best light. If you want to know more about The Personal Agent’s list of approved buyers in the area, let us know so we can advise on preparing your home for the market.
The first thing that a potential buyer will see is the front of your house; it can set the tone of a visit and leave a lasting impression. Consider painting the exterior of the house, clean the windows and unblock the gutters. Your property will look fresh and in all likelihood look better than your neighbors property. The outlay should be as low as £100 for a smaller property and £1000 for a larger one, give or take for regional pricing, and could result in a £5000 increase in price.
Continuing the theme of setting good impressions, consider the state of your front door, does it look smart, does it fit properly and is it in keeping with the rest of the property and the style of properties in the area? You could look at the letterboxes, house numbers or house names, to make your property look more premium. Tidying up this area will not really add value but will certainly help leave a lasting impression.
Normally the first room that you enter through is usually the hallway, and stereo-typically a bastion of bikes, prams and trainers. Use mirrors both sides to give the feeling of more space and if you are doing a property viewing, clear the hallway to create a truly expansive feel.
Central Heating once installed in your property, which can cost anywhere around £3000, can potentially add £5000 to the value of your property.
Finally get planning permission, even if you are not planning to do any building work. The prospect of being able to extend your property will lead a buyer to believe the property is an investment with valid potential once you have the council’s agreement. It will cost on average £1000 – £2000 for a survey and will be worth every penny.
If you are interested in selling your property in the Ewell, Epsom or Stoneleigh area call us today and get some advice on dressing your home for a sale.
Sources (P.Spencer 23 July 2010, Telegraph)