When selling a property, homeowners will want to ensure they get the best possible price. There are a few simple and cheap changes that can be made around a property to help boost the value of the home. Making one simple change can boost the house of the property by around £32,600.
Although pricey renovations will boost the value of a property, making cheap improvement can also help it sell for more.
Sam Mitchell, CEO at Housesimple, said: “We all want to add value to our homes. After all, our homes are likely to be the biggest investment we make.
“While this can seem daunting and expensive, it’s not always about how much money you spend on improvements. It’s about weighing up the cost against the potential increase to your property value.
“Any additions that are too costly might not bring much return when you sell, so it is best to work with the space that you’ve got, and ensure you think about how it can be transformed to make it more useful.
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Property: Homeowners can boost the value of their house
Property: Improvements do not need to cost a lot but can increase the selling price
“It’s important to think about who the likely buyers of your property could be and tailor your improvements to be most beneficial to them.”
So, how can you increase the value of your property?
Ensuring the house is energy efficient is a simple way to make it more appealing to buyers, Sam explained.
Homeowners can make their living area more energy efficient with a number of changes.
He said: “Installing double glazed windows does more than lower heating bills – it can add up to 10 percent to your home’s value.
“Just remember that any changes you make should be in keeping with the property’s age and appearance. Upgrading your boiler can also help add value to your home.
“Switching to a newer, more energy efficient unit will have a significant effect on the energy consumption of your property which will be very appealing to potential buyers.”
Updating windows and getting a new boiler can be pricey but could be worth it if it brings in a back return.
Property: An energy efficient home is desire to many buyers
However, there are also cheaper changes to cut back on energy costs and boost the value by around 14 percent.
Sam added: “Simple switches like replacing your bulbs with energy saving bulbs, sealing any drafts around doors and windows or adding insulation in the loft space can improve home energy efficiency for minimal effort.
“These changes may seem small but contribute to a higher EPC rating – achieving the highest rating, A/B, adds an average of 14 percent to property prices in England.”
As of October 2019, the average house price in the UK is £232,944 which means this tip could add an average of £32,612 to the value of a property.
Ensuring the home is presentable can be a simple way to attract potential buyers and help get the best price.
Sam explained: “These days, pretty much all listings will be viewed first online, whether you use an online or traditional agency.
“Therefore it’s really important to consider how to digitally market your property. When it comes to first impressions, this means good photos.
“When uploading photos to your online listing, make sure you use high-resolution images of at least 1024px wide x 683px high, and supply at least five to nine as this creates the highest engagement rate.”
Most people will want to get the best possible price when selling their property and this can be done by looking for ways to improve the house.
First impressions count so sellers could benefit from ensuring the property always looks it’s best.