Top tips for increasing your property’s value to prospective buyers and tenants

  • 3 weeks ago
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There is a desire among all property owners to maximize their potential value. It is possible to generate a larger, regular income through the rental of more valuable property. The selling price of a property can be significantly increased if it is perceived to be of higher quality. If the property is able to impress our potential renter or buyer, we can achieve far more in terms of value. It is the art of creating a place that people fall in love with that will increase the value of your property.

You don’t have to spend a lot of time and money to make your property stand out. The following four simple strategies and techniques will instantly lift the appearance of any property. Utilizing these tips can greatly increase your chances of securing a much higher income from your property.

Paint Your House Exterior

Although it may seem obvious, this strategy never fails to impress! A potential buyer or tenant should not have to wait until they are inside the house before they fall in love with the property. In simple terms, “Kerb Appeal” refers to how attractive a property appears from the street.

You can achieve this by taking care of leaves and other debris, ensuring that bins and recycling containers are out of sight, and maintaining green spaces. Nevertheless, it is important to ensure that the house itself is bright and pleasing to the eye. In one day, this simple step can be accomplished.

Adding value to your property can be accomplished in a number of ways, but one of the most impactful is by painting the exterior of your home. The importance of first impressions when it comes to properties cannot be overstated. You can attract prospective buyers or tenants by painting your front door, fence, brickwork, and pots. You should view your front door as an invitation to come inside and choose a colour that will attract and entice people to visit.

Make use of all the spaces in your home

In your mind, the large cupboard at the back of the house might only be used for storing boxes. Smaller bedrooms may not provide adequate sleeping accommodations in some cases. As a result, they cannot be used as a full-time bedroom.

However, every room in a house has the potential to be used in some way. Expanding a cupboard could provide more space in more usable space. Perhaps the cupboard could be emptied and decorated? What about utilizing the space as a nook, or even as a computer area, library or small office?

Potential renters and buyers may be discouraged by a small room presented as a box bedroom. The space may be deemed unsuitable by them. However, if the same space is presented as a study or office, where furniture tends to occupy less space than a bed, suddenly the space can be viewed in a completely different light. In many cases, this is a benefit that may be appealing to people who work from home.

It is possible to convert a once declared “storage room” into a highly functional home office by simply adding a small desk, house plant, and bookshelf. In order to increase the value of your property to potential buyers or tenants, you should use the right paint colour and furniture to optimize the space in your property.

A space as creative as this can transform an enclosed, claustrophobic property into a functional, attractive home that can serve an unlimited number of purposes. We can instantly increase the value of a property by cleverly and imaginatively utilizing rooms and storage areas. It is not just a matter of revenue, but also of usability.

Enhance the appearance of your garden

In terms of property value, gardens are often overlooked. It is common for people to think that the house itself is the real prize, but this perception is flawed. As the house itself is the artwork, the garden should be viewed as the frame that houses that artwork. What is the point of presenting a pristine property with debris and dying greenery framing it?

For many, the garden itself will be viewed as a space in and of itself; an addition to the house, if you will. When you have some free time, it is a place where you can meet up with friends, share the good weather, or simply relax. The potential value of your property can be greatly increased if your garden is attractive and easily recognizable.

Extend and/or remodel the kitchen 

Many people consider the kitchen to be the most important room in the house and can make or break a decision when it comes to buying or renting a home. A property owner’s first priority should be to make sure that the appliances are in good working order and that the room is clean. There are, however, far more significant changes you can make to your kitchen.

In a typical terraced or semi-detached home, a side return is a narrow alley adjacent to the kitchen. In addition to gaining valuable space, you can also improve the layout of the kitchen by extending it into the side return and to the full width of the remaining house. A one-story side-return extension is usually considered permitted development, provided that certain limits and conditions are met. The house must be no higher than 4 meters and no wider than half its original width.

You will still be required to follow building regulations, and the work will be inspected at key stages of the build by either the local council’s building department or an approved independent inspector. Your completion certificate will be issued once your extension has been completed and has been deemed to comply with the regulations.

Repainting your kitchen cabinets is an easy way to revamp and remodel your kitchen without breaking the bank. Changing the colour of a tired kitchen can make all the difference. Now is the time to paint your kitchen and give it the facelift it deserves. It doesn’t matter whether you choose a neutral kitchen, a minimalist kitchen, or a bolder kitchen.

Remember, too, that tatty, worn fittings, such as taps, knobs, and handles, imply a feeling of uncleanliness and disdain. All of these items can be replaced for very little through websites such as Amazon and can be re-fitted easily by anyone.

It should be noted that more extensive kitchen remodels require a greater investment, but this will pay off in the long run. Firstly, it will increase the value of your property almost immediately. Second, a brand new fitted kitchen will last for a decade or more, which means potential buyers will be more inclined to purchase the property since a new kitchen will not be on their radar.

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