The Tick Property Blog
5 Ways to Increase the Value of Your Home
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Our last blog talked about the best ways to get your home ready to sell and some of our lovely readers got in touch to ask our award-winning team whether there was anything we could suggest they could do to add £££’s onto their asking price, or to even reach the asking price they’ve set.
Of course, we were happy to oblige, and have prepared the following recommendations for you. Reader beware, our suggestions do involve spending money, however this really is an occasion where you won’t go wrong if you remember the phrase “speculate to accumulate”.
So, here are our top 5 suggestions for what you can do to your home to increase its value, getting you the asking price you deserve:
1. Window of Opportunity
One of the simplest ways to increase your home’s value is by replacing windows. Not only will new windows improve your property’s energy efficiency and enhance the aesthetic of its exterior, but prospective buyers are more likely to see your home as a potential home for them, and not just as a fixer-upper.
2. Pick Up a Paintbrush
Giving your home a quick glam-up will instantly make it more appealing, and make potential buyers put in the offer you want. It won’t break the bank either. What’s more, the prep work that goes into refreshing the paintwork in your home will give you the opportunity to find and remedy other minor faults, like dirt marks around light switches or grimy sealant above the kitchen tiles.
3. Soil of the Century!
When your potential buyers pull up to your home, what’s the first thing they see? If you’re lucky enough to have outdoor space, then it won’t hurt to spend a little time – and money – investing in your gardens and patios to make them as charming as possible, giving your home the wow factor and having potential buyers queuing up to put in their maximum offers.
4. When Size Does Matter
If you’ve got the money behind you and you really want to add value to your home, adding space in the form of an extension is a great idea. In fact, in England and Wales, the average value added to a property by a 25m² extension is almost £60,000!* If you’ve not quite got the money (or the inclination) to build an extension, it wouldn’t hurt to get planning permission for one so that your buyers know the potential for adding on space.
5. Don’t Go Off the Boil
Value can be added all round the home, and with the UK facing ever increasing rises to their energy costs, ensuring your home is energy efficient can also ensure your home is worth more; in fact, it can add up to 13% to your home’s value**. Keep your focus on looking for ways to improve efficiency so that your buyers don’t have to: do you have loft insulation? Could your home benefit from a new boiler? Remember, there are often government backed grants to cover some of these costs, making everyone a winner.
We hope this guide is helpful. There are, of course, many other ways you can add value to your home. If you’re thinking of selling, contact Tick Property Group today; our property experts can offer all the guidance you need to make sure you get the asking price you deserve.
*Extension value calculator (ons.gov.uk)
** Energy efficient homes worth 13% more study suggests (stromacert.com)
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