Tuesday, August 23, 2016

Selling Up? Consider These Value-Adding Renovation Projects First

Have you got plans to sell your home? Are you desperate to get the best price? If there’s no hurry to move, and you want to add value, here are some renovation projects you may want to consider first.

Extending your home
If you have time and money, adding an extension to your home will boost the value significantly. When you increase the size of the house, you’ll also make it appealing to a wider range of buyers. A simple 2-bedroom home could suddenly become a very attractive prospect for a family looking for three bedrooms and a spacious kitchen. If you’re thinking about extending, the size and shape of the plot will usually dictate the best location. In some cases, it’s best to build on the side of the house, but usually, adding rooms at the back is the best option.

Home extensions require careful planning. You’ll need the professional advice of building firms and architects. You may also need to apply for permission to alter the size of the property. Once you’ve had your plans approved, work can begin. Major structural work must be carried out by experienced builders, but there are jobs you can do to save time and money. Look into compactor hire and call in favors from friends and relatives. You can help with clearing, general laboring, and decorating once the bricks and mortar are in place.



Updating your kitchen
The vast majority of buyers view the kitchen as the most important room in the house. If your kitchen is small or dated, it’s worth investing money in it before any for sales sign go up. You don’t have to spend a lot on a kitchen to add value and attract more buyers. Update the units, swap the floor and give the walls a lick of paint. If the kitchen is cramped, go for light shades and add a mirror to the wall. If it’s possible, you could alter the layout of your reception rooms. Knocking a wall through could open up the space, enabling you to create a large kitchen-diner.



Adding an attic room
If you’ve got an attic sitting there doing nothing, this is an excellent opportunity to maximize your profits. Loft conversions are a fantastic way to create more space and make your house more marketable. You could add a bedroom and an en suite, or make a home office or design studio. Before you make any solid plans, get some quotes. It’s also a good idea to contact real estate agents to see how much a conversion could add. You can then work out the expected profit margin.



If you’re selling, renovations are probably the last thing on your mind. However, sometimes it pays to spend a little money doing your home up and making it more attractive to potential buyers. If you have time, and you’re not desperate to sell immediately, have a think about the suggestions above. Making changes could boost your profits and ensure a faster sale when your home goes on the market.

xoxo,
Therese
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