Great tips on how to increase the value of your home.
Before you sell a home, you may want to increase the value. If you look for advice on how to do this, you will commonly find that there are two mindsets.
Either you make big changes to your home, literally increasing the value. Or, you redecorate your house and change the perceived value.
Let’s look at both these options. In doing so, we’ll examine the strengths and weaknesses of both, as well as providing some examples.
Boost The Value
There are a number of ways you can make the actual value of your home increase. Just so we’re clear this means that when you get your house professionally evaluated the price will have risen.
That means you can put it on the market for more and expect better results. One of the biggest and best ways to do this is to add an extension on to your home.
A popular choice is a conservatory or a sun lounge. A well designed sun lounge can add as much as twenty-five percent on to the value of your home.
Of course, to make this a reality your extension must tick two boxes. It needs to be professionally designed to look stylish. As well as this, it needs to fit in with the already apparent aesthetic of the home. Already you can tell, this is going to be a large job.
However, there are also small ways to add value onto your home by installing new and exciting features. You might be trying to improve the back of your house.
Rather than adding a conservatory, you can instead, turn one of the rooms into a sun lounge. You can do this by installing new bi folding doors.
These will let the light in through the summer and immediately make this part of your house far more attractive. You’ll certainly see the value increase without too greater cost on your part.
Change Perception
Obviously the greatest advantage of the first option is the increase in value. The disadvantage is how much you will have to spend to get this increase. That’s why many people opt for instead changing the perceived value.
Often, if you change the perceived value, you won’t be able to market your house for a price any higher. Instead, it will affect how much people are willing to offer for your home.
You can start your house on the market at a low price. But rather than treat it as an actual selling point, you can think of it as an opening bid.
A few examples of how to do this are some simple interior redesigns. You may want to start by looking at the colour of your rooms.
It’s a well known fact that bright, light colours make rooms look larger. That’s why you often see show houses have been painted cream.
As well as this, you might want to try a minimalist design approach. This is a way of making rooms look stylish with limited furniture.
Again, it alters the perception of space and makes your house look attractive to buyers.
There you have it, your two options for maximising the value of your home. Which one will you choose? If you want our advice, we would suggest a little of both.