If you are planning on selling your property at any point in the next year or two, you should probably start thinking about maximizing its potential value. There are a lot of different factors that will affect the value of your home. Many people will assume that they will see an increase in the value compared to when they bought the home because that is the way that the housing market works. While in simplistic terms, house prices are often on the rise, it may not always be the case that the value of all houses increases.
There may have been some changes in the area that you live that has had an effect on the value of properties. This could go either way. For example, the building of a major road could increase the value of a home because it puts you closer to a new commuter route making more areas within better reach. However, there could be a negative effect if pollution and noise levels have risen to make the area less desirable to live. The care and attention that you put into your home are also significant too. If you have maintained it well and even modernized as needed, then you shouldn’t need to worry too much about falling into negative equity. However, if the house has not aged well then you should be concerned that the value may have dropped.
Get An Early Valuation
Getting your home valued in its existing state will give you a good baseline to see whether you need to be investing time and money into carrying out any works to your property. It is also worth considering what neighboring properties go for and comparing properties in different conditions, and those that have had extensions, conservatories, or loft and basement conversions carried out.
Adding Value To Your Property
There are many ways that you can add value to your home. The work that you carry out will depend on how much you need to increase the value. You should make sure that anything that you spend on getting the value up gets factored into the value of the home. There is no point spending thousands on doing something to the home that only adds the exact same amount on in value. You need to be able to recoup the lost equity and pay for the works within the sale price.
A few areas that you could look at might be improving the curb appeal of your home. Look at getting New Life Rockeries to renovate your garden, or have the entire exterior of the property painted.
Modernizing is often helpful. By rewiring an older property and fitting new fuse boxes and sockets, you will be bringing the home into the 2020s. Installing an eco-efficient heating system will also entice buyers, as would installing a new bathroom or kitchen suite.
You may be able to make large increases in the value by adding living space to the home, having your garage, loft, or basement converted might prove to be the most cost-effective option here.