How To Improve Your Home’s Market Value
Improve the market value of your home
Recently, the housing market has exploded massively. Many people are considering selling their homes due to the amount that house prices have risen over the past couple of years, due to changes in the economy and the global pandemic. However, there are small ways in which you can improve your home’s market value even more, allowing you to get more for your home when you put it up for sale. All of these tactics and methods are proven to result in an increased market value, so if you’re looking to get that bit extra out of your home, you should definitely consider some of these top tips.
Fix Any Defects
One of the main issues why a property may lose value is if there are any noticeable defects, as potential buyers will have to spend money to fix these if they buy the property. You should be on the lookout for squeaky taps and floorboards, impacted laminate flooring, fraying carpet, dripping taps and any other superficial defects around the home. This will make it much easier for you to get a better price when it comes to putting the property on the market, as the home will look more polished.
Thoroughly Clean The Property
This is one of the key parts of improving a home’s value – it has been proven that a decluttered and clean home attracts more attention and money when on the property market. If you need to, remove clutter from the rooms in your home and put them into storage. Make sure that every part of your home is thoroughly cleaned, especially the floors, ceilings, windows and furniture. A clean and tidy home is one that has been looked after, which is very attractive on the property market.
Replace Old Furnishings
If you really want to make your home look infinitely better, replacing some furniture and furnishings could be very profitable. The money that you put into your property could be doubled by the time it’s ready to be put up for sale. For example, adding custom blinds or new flooring to your property could be very useful as it makes your home look like it’s worth more. You don’t need to spend a lot of money to do this, in fact, you could simply repaint old furnishings to make them look brand new. Staging your home with the best furnishings makes your home much more likely to sell quicker.
Improve Your Kerb Appeal
Your kerb appeal refers to the outside of your home and is crucial when it comes to increasing the value of your home. The way your home looks from the outside will be the first impression potential viewers get of your home, and if it doesn’t look great, will turn viewers away. Pressure washing your driveway and brickwork, cleaning out your gutters, painting your front door and weeding your front garden are all key ways you can instantly improve your kerb appeal.
Never underestimate how much a fresh lick of paint on your walls can instantly improve how your home looks. When you live in a property for a long time, your walls can start to become aged and discoloured through cooking or smoking. This is especially true if you have kids who like to colour in the walls! You don’t need to spend lots of money on painters and decorators to redecorate your home – you can do it all by yourself! By investing in a few tubs of paint and a couple of hours, you could potentially be adding significant value to your property.
Lighting in a property can instantly increase the likelihood of it doing well on the property market. People like natural light, and the amount of natural light a property gets can increase its value on the market. Make sure you rearrange your furniture so that natural light hits the focal point of the room, to make it look more abundant. You can also add mirrors to improve how much natural light reflects around the home. Before a viewing, take care to open all curtains and ensure windows are clean to optimise the amount of natural light that gets into your home. Surprisingly, this could increase your home’s value by a significant amount.
One of the main things potential buyers look for is the amount of storage within a home. Before a viewing, make sure that all the ways your home has storage are fully displayed, such as storage rooms and extra cupboards. You should point out all the storage available to your estate agent, so they can make this clear during the viewing. This could instantly increase the value of your home, and the amount of serious interest it generates on the market.
Add Finishing Touches
Staging your home is one of the best ways you can improve the value of your home. By adding finishing touches such as new duvet cover sets, ornaments and curtains to your home, you can make your home look more polished and looked after. By making your home look comforting and nice to be in, you will hold on to more serious interest. You can also add nice smells such as baked cookies and fresh linen, to increase your chances of making a quick sale.
There are many ways you can improve your home’s market value – don’t lose out on the potential return on your investment before you put your home up for sale!