Whether you’re planning to sell your property in the near future or just want to increase its long-term value, there are various methods you can use to add to its appeal and market worth. Increasing property value often includes making changes that enhance both the aesthetics and functionality of the property. Here are some ideas to consider:
Regular maintenance
Regular upkeep and maintenance are absolutely crucial for preserving property value. Addressing issues right away prevents minor problems from becoming major ones, which ensures the property stays in good overall condition. This includes maintenance of installations, facades, walls, floors, furniture, equipment, windows, doors, and shutters, pest control, and much more. That means that the new owners will face fewer troubles and lower financial costs during the move-in process and in the future. That, in turn, leaves them with more money for a purchase and increases property value.
Exterior
First impressions are important, and the exterior of a property is the first thing potential buyers or renters will see. Enhance the outdoor appeal by keeping a garden, yard, or patio beautiful. That can include adding plants and making sure the exterior is clean and well-painted. Such landscaped outdoor spaces are not only nice to see but will also allow potential buyers to imagine their lives in and around the property. A stunning exterior not only makes the property more attractive but also hints that the rest of the property has been well cared for.
Installations
Replacing old electrical, gas, plumbing, and heating installations with new ones can greatly increase property value by addressing key functional and safety aspects. Ensuring that all installations are new spares buyers the burden of dealing with large-scale, time-consuming, and costly works.
Kitchen and bathroom
Kitchens and bathrooms often play a pivotal role in a buyer’s decision. This is because they are likely the most difficult parts of a property to upgrade. Upgrading them includes serious works, including changing plumbing and tiles, thoroughly removing all mould, and waterproofing. Besides that, adding modern appliances and adding energy-efficient features also increases property value.
More housing units
Dividing a property into multiple housing units can significantly boost its value for various reasons. That is because the property becomes interesting to a broader range of potential buyers or renters. Firstly, many families value both closeness and independence. Residing under the same roof allows for easy communication and support, making it convenient for family members to be close to each other while maintaining their own privacy. Secondly, the property also becomes interesting to those looking for rental income or for those who often have guests. As a result, the property becomes suited for a diverse range of potential buyers or renters, which increases its market value.
Additional living space
Consider projects that expand your living space, such as adding another floor, adding an extra object in the yard, or turning an unused basement into a functional living area. For instance, converting the basement into a gym, another flat, or a bedroom can significantly increase the interior’s usability and property value. This not only caters to the practical needs of potential buyers but also provides tangible examples of how the extra space can be utilised, making it more inviting for those seeking versatile living arrangements.
Storage
Addressing storage concerns can also increase property value. Implementing built-in storage solutions, like custom closets with organisers or well-designed garage shelving, offers not only practical functionality but also showcases the property’s attention to organisation. Picture a home with storage spaces that provide ample room for belongings and promote a clutter-free living environment, which can be a compelling selling point.
Simple interior improvements
While major changes can be costly, simple changes can also impact property value positively. Consider painting walls in neutral tones and changing used carpets, curtains, and light fixtures. Small changes like these can give your home a fresh and updated look.
Energy-efficiency
In today’s world, characterised by environmental problems, energy-efficient and eco features are increasingly valued. Consider investing in solar panels, energy-efficient windows, and appliances. Not only do these upgrades reduce utility costs, but they also make your property more attractive to eco-conscious buyers. Try to obtain an official energy certificate for your property, as this will ensure you have proof of the improvements.
In summary, property maintenance is an investment that pays off by preserving its condition, functionality, and visual appeal. This, in turn, makes it more attractive to potential buyers and increases property value.
