While the location and size of your house will influence how much your property is worth, there are something things you can do to increase its value.
Here are 8 ways to get started.
1. A new paint job
A new coat of paint is the easiest and most cost-effective way to refresh the look of your home while boosting value. Decide whether you want to redo the whole house or focus a couple of rooms, or perhaps a feature wall? As for the colour, it's been said that ivory is the one colour that will add value to your home.
2. Install storage
Unless you're converting to hardcore minimalism, zero storage space is going to be a massive shortfall for potential buyers. Think open shelves in the kitchen, bathroom and laundry. Additionally, installing hooks on the back of doors is another simple convenience that's often overlooked.
3. Improve the outdoor area
An outdoor space perfect for entertaining will increase the desirability of your home. While shade and shelter are essential, fire pits have also become a popular addition to many backyards.
4. Install gas heating and appliances
Gas appliances are a favourite home feature for a couple of reasons plus they’re efficient. Gas heaters and in particular, flame-effect fires, give all the warmth and comfort of a wood heater without the hassle or damage to the environment. Installing gas cooktops and ovens add value in the kitchen and is often preferred to electric ovens and cooktops due to its ability to provide instant heat and even temperature compared to electric. As for the environment, gas may produce less greenhouse gas emissions than electricity.
5. Simple swaps
It’s possible to create a whole new bathroom look without renovating. Small, but modern updates, such as replacing handles and taps is a simple way to elevate the appearance of this room. If your tiles look old and grubby, consider painting them. If your vanity is outdated, replacing it will make a remarkable difference to the feel of the room.
6. Street appeal
How your home looks from the street influences desirability. Adding a fence can be expensive but won’t necessarily increase the value of your home. However, it would be worth fixing and painting any existing fences around the property. Additionally, replacing or painting your front door a different colour will boost your curb aesthetic for little cost.
7. Decor and interior design
Adding things like cushions, rugs and throws can make a big difference to the look and feel of your home. Update lampshades and consider some artwork. If you are selling your home, it’s essential for potential buyers to be able to see the space as somewhere they could potentially live.
8. Build a granny flat
It’s becoming more common for generations of families to live together and split the cost of living. If you have space, adding a granny flat to your property can increase the overall value as long as it’s done right. They're also a great way to generate an income to help pay off that mortgage.