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As your most valuable asset, protecting the value of your home is essential. Keeping your property well-maintained can help to ensure it retains its value, but making changes to your home could boost its value even more. If you want to increase the value of your home, take a look at three ways you can achieve your goals:
1. Create More Space
Increasing the square footage of your home is a sure-fire way to add value. There are many ways you can create extra space in your home, but they can require some investment. A loft conversion can add around 20% to the value of your property, for example, but you will need to fund the initial works.
Alternatively, you could create more space by adding an extension or even creating a garden office. With more people working from home than ever before, extra space is always going to be sought after. By making the best use of your land and creating more functional living space, you can see the value of your property soar.
2. Carry Out Repairs
When you’re living in your home, it’s easy to delay getting repairs done. However, depending on what’s gone wrong, this could increase the risk of accidents occurring, as well as lowering the value of your property.
Issues with the electrics or plumbing should always be treated as a priority. As well as raising safety issues, being left without power or hot water is always a risk. Furthermore, you’ll need an electrical certificate if you decide to sell your property or lease it to a tenant. Fortunately, Trade Facilities Services make it easy for homeowners to obtain the Electrical Certificate they need from registered NICEIC, ELECSA, or NAPIT electricians.
Although you can usually sell a property that’s in need of repairs, you might get less than the usual market value. By making repairs now, you can ensure your home is well-maintained and optimise its value.
3. Update Kitchens and Bathrooms
If you’re going to redecorate any part of your home prior to selling, it’s usually best to focus on the kitchen and bathroom. These rooms can really affect whether or not a potential buyer makes an offer, which means they have a significant impact on the value of your home. Whether you completely renovate the bathroom, fit a new kitchen or just upgrade essential appliances, you can increase the value of your property by updating both the kitchen and bathroom.
If you do plan to redecorate before putting your house on the market, remember to use colours and designs that will appeal to a broad group of people. White or other neutral colours are typically best, as they allow potential buyers to envisage their own interior design choices.
Protecting Your Investment
When you buy a property, you’re making a significant investment in your future. Even if you have no plans to sell just yet, taking steps to increase the value of your home will ensure that you get a good return on your investment in the future.