Real estate can represent a great investment, particularly if you enhance your home to boost its appeal among potential buyers. The following improvements could help you to add value to your property.
One of the easiest and cheapest ways to up the value of your abode is to redecorate. Simply refreshing your walls with a new coat of paint could raise its value. When you’re doing this, make sure you stick to neutral colours. Anything too distinctive could put possible purchasers off.
Also, remember to focus on the outside of your home as well as the inside. Giving the exterior of your house a new lick of paint can help to increase its curb appeal and it will create a good first impression. You may also benefit from refurbishing or replacing your front door if it looks scruffy.
Meanwhile, to make your rooms appear larger, invest in plenty of mirrors for your walls. For example, hanging these reflective items in your hallway could make the space seem more spacious.
If your budget will accommodate it, it’s worth boosting the square footage in your home. Extending your property can significantly increase its value. Loft conversions are a great example. This can be a simple way to add extra bedrooms and bathrooms. It’s possible to double the money you spend on these alterations. For example, if you shell out £20,000 on these changes, you can add as much as £40,000 or even more to the value of your home.
Alternatively, you may want to extend at the back, front or side of your property. If you do this, make sure you design the new part of your home carefully. It should integrate with the rest of the building naturally rather than appearing to be stuck on as an afterthought.
A simpler option is to build a conservatory. Again, this should match the style of your house. When done well, these additions can add around seven per cent to the value of a home.
Knock down a wall
Of course, any load-bearing walls have to remain firmly in place in your property. However, other partitions can be removed. Bear in mind that buyers are more concerned about the amount of usable space within properties than the number of the rooms. If you think the interior of your abode could be improved by knocking down certain walls, this may prove to be a shrewd investment.
For example, removing a wall to create a large open plan living room diner could improve the look and feel of your house. Source for home listings in Hamilton to see what other property owners have been doing to increase the appeal of their homes.
Add parking spaces
If you live in an area where parking is hard to come by, it may pay off to pave over your front garden to add space for cars. In pricey urban areas, this can significantly boost the value of houses. Bear in mind though, you may need planning permission to do this.
Before you make any changes to your property, make sure you do some research to see what sort of return on your investment you can expect. This will help to ensure you make the right choices.