Everybody likes to think they can add value to their home. If you plan on re-selling at some point, it makes sense to try to add a little extra to your selling price. When thinking about your home’s resale value, there are a number of different things you can do to boost the money you’ll receive. We’ve put together this guide, which ranges from large jobs which require bigger investments, to the smaller jobs you can implement more quickly. Here’s our top tips.
Significant Investment
We’re starting out with larger investment, as this is the way to add the most value to your home if you’re looking to sell. The old saying is true – you’ve got to spend money to make money.
Build an extension
Extending your existing home is bound to increase its value. There are, however, things you need to consider before jumping into this; your overall budget being one of them. Of course you need to be sure you can actually afford a costly renovation, but also that it will add sufficient value to your home once it does come to re-selling. Will the added square footage add significant value? You also need to think about whether it will look out-of-place with neighbouring homes. It’s important not to outdo the street on which your home is situated. If you add too much value, people who have more money to spend may look in places with homes of a similar standard to their budget. If your extension increases the price too much, you may struggle to sell when it comes to it.
Convert an existing area of your house
If a new extension is out of your budget, then renovating an area of your house may be a better solution for you. If you have a loft, basement or garage that’s relatively unused, a renovation could increase your home’s value significantly. Creating a whole extra bedroom, home gym, cinema room or man cave would all be very attractive to potential buyers. If you’re handy with DIY you could do this yourself to save more money, but if you’re unsure on anything it’s always best to consult the professionals. Having to re-do work that you’ve botched from inexperience can be a costly mistake, so make sure you’re completely comfortable before embarking on any DIY missions in your home. Often, these spaces are used simply for storage – turning them into a functional part of your house is a sure-fire way to boost its resale value.
Small Investment
Not everyone has the money going spare to renovate or extend their current property. Luckily, there are other ways to possibly increase your home’s value; without breaking the bank.
Focus on your curb appeal
The outside of your home is the first thing potential buyers see. Many people see the ‘for sale’ sign and make their initial judgement on how the outside of the property. Once they come for a viewing, they’ll be judging first impressions based on how your home looks externally. Clean your gutters, keep windows sparkling and ensure lawns are clean and tidy. If you’ve got flaking paint anywhere, such as window frames or your front door, make sure it’s touched up and looking like new.
Spruce up the interior
The good thing about changing up your interior is that you can do as much, or as little, as your budget allows. Whether it’s a re-paint of the walls or a full re-vamp, making just a couple of subtle changes can make your home look more enticing to those viewing your house. Neutral colours are the best to go for, but if you’ve got an ideal buyer in mind you should think about what they’d like to see in a home. A newly decorated interior helps your home to be perceived as higher value.
Replace old carpets
Old carpets are a breeding ground for dirt and stains. Not to mention the fact that modern interiors seem to prefer hard floors nowadays. Old carpets can also hold onto allergens, which could be off-putting to potential buyers with asthma or pet allergies. Replace old carpets with wood flooring to add a new lease of life to rooms. Whilst real wood floor swill add more value, if your budget is a little tight you can get the same effect with laminate flooring. You’ll get the desired wood effect, but with added durability – and at a cheaper price.
Have you got any tips for adding value to your home?
Rachael says
Great tips, I had never thought about how sprucing up the outside of your house would add value and pull people in. Silly because it’s such an obvious thing but I suppose some people just don’t think of it!
Zena's Suitcase says
There’s some practical and helpful tips to adding some value to your home here. I think a lick of paint can make a huge difference and is an affordable option
Jem says
There are some great tips in this post. We’re currently doing up our home, which will hopefully add a bit more value.
Mary says
Wow, what a beautiful website! Looking forward to having a read.
I totally agree with first impressions and presenting the exterior of your home correctly!
The London Mum says
Great tips! I think curb appeal is so important but so often it’s the part that’s forgotten
Alex Gladwin says
Great tips! We’re currently having our house renovated and having a side extension added too! x
Mary says
Wow, what a beautiful website! Looking forward to having a read.
I totally agree with first impressions and presenting the exterior of your home correctly!
Jem says
There are some great tips in this post. We’re currently doing up our home, which will hopefully add a bit more value.
Zena's Suitcase says
There’s some practical and helpful tips to adding some value to your home here. I think a lick of paint can make a huge difference and is an affordable option
Alex Gladwin says
Great tips! We’re currently having our house renovated and having a side extension added too! x
Kada says
We want to sell in the next few months so are replastering the front room and replacing f all the internal doors which will hopefully add some value
Kada says
We want to sell in the next few months so are replastering the front room and replacing f all the internal doors which will hopefully add some value
Alison Rost says
These are all very lovely suggestions. You’re not just adding value to your home but making it beautiful as well. Speaking of which, I should really get a head start on the projects I’m planning this summer!
Rachael says
Great tips, I had never thought about how sprucing up the outside of your house would add value and pull people in. Silly because it’s such an obvious thing but I suppose some people just don’t think of it!
The London Mum says
Great tips! I think curb appeal is so important but so often it’s the part that’s forgotten
Elizabeth says
Laminate flooring is a great way to renovate a property, and very affordable too. It’s not the same as it used to be way back when either – it’s really nice quality.
Alison Rost says
These are all very lovely suggestions. You’re not just adding value to your home but making it beautiful as well. Speaking of which, I should really get a head start on the projects I’m planning this summer!
Rhian westbury says
Some great tips. I’m in a flat so there’s only limited things I can do but I have changed the carpet and added bits in to make it all look as good for when I sell it x
Elizabeth says
Laminate flooring is a great way to renovate a property, and very affordable too. It’s not the same as it used to be way back when either – it’s really nice quality.
Rhian westbury says
Some great tips. I’m in a flat so there’s only limited things I can do but I have changed the carpet and added bits in to make it all look as good for when I sell it x
Sarah Bailey says
These sound like some great tips, it is definitely worth trying to do everything you can to add on profit to your home when you are looking to move.
Sarah Bailey says
These sound like some great tips, it is definitely worth trying to do everything you can to add on profit to your home when you are looking to move.
Natasha Mairs says
oh I am loving those pink window sills. That’s a great idea
Natasha Mairs says
oh I am loving those pink window sills. That’s a great idea
Nazrin says
I’m looking at adding some value to my bedroom but am so useless with any kind of interior design I don’t know what I can do to spruce it up but this post has definitely put me on the right direction!
Nazrin says
I’m looking at adding some value to my bedroom but am so useless with any kind of interior design I don’t know what I can do to spruce it up but this post has definitely put me on the right direction!
Treasure Every Moment says
Fantastic tips! We are getting a downstairs toilet and en-suite put in, which will hopefully add value 🙂
Treasure Every Moment says
Fantastic tips! We are getting a downstairs toilet and en-suite put in, which will hopefully add value 🙂