If you’re looking to sell your home or are in the business of flipping tired, old homes for profit, then you need to know what you can do to up the value. To help, we’ve brought together what we think are five of the best possible home improvements that will pay for themselves once you put the property on the market.
Fix the Big Issues
Before adding interesting extras to your home, focus on the basics. According to Rated People’s 2021 Home Improvement Trends report, signs of damp or mould were most likely to devalue a home (equating to £9,571 on average), followed by cracks in walls (£9,495), mess and clutter inside (£9,290), scuffed paintwork and marked walls (£9,254), and no double glazing (£9,144).
By dealing with these sorts of negatives, you can ensure the property is in fine condition before you spend on extras to ramp up the value.
Add Fine Features
mouldings all the rage, putting up crown mouldings, board and batten, picture
rails and the like can be an excellent way to easily add a little class
to your décor.
Put up the mouldings easily with the help of nail guns, then paint over in an unobtrusive shade like white. This will be a big positive in the eyes of viewers; as well as not having to put up mouldings, they have a blank slate to work with when it comes to their own colour choices.
Convert a Space
Are there any unused spaces in your home, such as a cellar or loft? While they are often a little complex and definitely not a quick, inexpensive fix, a conversion of either of these can add plenty to your listings price – a loft conversion can add up to 20% to your home value, for instance.
Upstairs, consider a bedroom, office, or chill space with plenty of roof windows to let light flood in. Downstairs, depending on the light available, create a second living room, playroom, or guest bedroom.
Improve your Garden
If there’s one thing Brits have discovered en masse during lockdown, it’s the value of a good garden space. To make yours inviting for potential buyers, thoroughly de-weed and tidy up any beds, laying compost and planting child and pet-friendly plants. Then, be sure to clean the patio or decking, mow the lawn, and paint the fence, shed and any other woodwork, ensuring the area looks spic and span.
Invest in the Social Areas
In Money’s 2020 Renovation Nation Report, buyers were seen to care most about the more social areas of a property. Spaces like the living room, garden, and novelties such as bar areas, indoor gyms, and garden studios were all seen as being excellent editions in the eyes of buyers, so consider these when renovating to boost value.