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Last Updated on by Noni May
Unless you have a career in real estate, you may not be clued up on how to get the best return on your investment when it comes to buying and selling property. For example, did you realise that if you want to put your home on the market, you could set a higher asking price if you spend some time and money on improvements before you list it for sale?
While it might sound counterintuitive to sink resources and time into a property you no longer want, a few updates and changes to your house may give you a good return on your investment when it comes to resale value. These simple home improvement ideas could up the value of your home without breaking the bank.
While you may think that larger projects done (like a kitchen refit or retiling the bathroom) would be more appealing to potential buyers, it’s important to remember that basic cosmetic and structural repairs make a big difference when it comes to selling a property. The last thing you want your potential buyers paying attention to when they arrive to view your property is the leaky roof or odor of blocked pipes. Before you get carried away with exciting projects like a loft conversion or installing a new kitchen, look into roofing and roof repair services, or call your plumber to ensure that the basic structural features of your home are intact.
Installing a modern central heating system in your home—or giving your existing system an update—is a great way to enhance your property’s value. Older properties like Victorian houses have their charm, but no buyer wants to feel chilly when they wonder the hallway, peering into their potential future home. Some modern homes are equipped with out-dated heating systems that fail to provide adequate warmth and are not cost-effective, so updating this will be very attractive to a buyer. An extra bonus that comes with adding a new modern heating system is that if your home doesn’t sell right away, you’ll save money while you wait for a buyer because your energy costs will be lower, thanks to the more efficient heating system.
While the garden and surrounds are not technically part of the house, the outdoor space can leave a strong impression on people who come to view your property. Not does your garden demonstrate to potential buyers that you have cared for the property as a whole, but a freshly landscaped exterior is an effective way to help your potential buyer picture the lifestyle that they and their family could have if they were to move in. If you love getting your hands dirty in the garden, you could do the work yourself, but you may get a more appealing result by hiring a qualified landscaper to create what you have in mind. Bear in mind when you do your design that a low-maintenance garden is a good selling point, as buyers will often take into account the future costs of running the property.
Whether you’re listing your house now, you think you might sell your home in the future, these updates could help you boost the value of your property and fetch a higher price than you expected.