With the right approach, you can increase property value with just a few simple steps. If you are handy, you might even save yourself costs along the way. So, here are our top 5 tips for increasing the value of your property!
Upgrade to energy-saving features
Who doesn’t want to save money on bills whilst also playing a part in helping the environment? Many buyers and tenants see great importance in having eco-friendly features, so it’s sure to add value. If you’re upgrading appliances around the property, you should be looking out for energy-saving options. There are many products you can upgrade for improved energy efficiency. One of the best is a smart thermostat which will save a homeowner or tenant money month by month.
If you’re unfamiliar with energy efficiency ratings and how to save energy, you can learn more at The Energy Saving Trust.
Furnish the property with in-demand style
If you’re looking to sell your property or find a tenant, you can increase the demand by upgrading to the latest stylings and decor. For example, you might want to switch to stainless steel appliances and authentic wood/stone countertops in the kitchen or wooden and tile floors in the hallway/living space.
There are also some essential, low-cost improvements you can make too. Such as upgrading door handles, changing lights to LEDs, and changing sockets to include USB’s.
Improve the landscaping and curb appeal
You heard us! Get the mower out and give that lawn some beauty treatment. Many first impressions will be made by how people see the front of the property. So, if you want to increase property value, it will make a huge difference giving the gardens a tidy and maybe even adding some plants and flowers to make it stand out. Find more ways to improve your curb appeal here at Good Move.
Freshen up walls & floors
It’s not unusual for older properties to be looking a little worn and ready for improvements, even if it’s just in small areas. A lick of paint and detailing can make a massive difference to the look and feel of your property. To increase property value, you can touch up walls with a new coat of paint, wet vac any carpets to bring them back to life and sand imperfections in any woodwork.
No matter how nice a property may look at first sight, it’s not unknown for people to pick at faults and use them against the property value.
Focus budget on the kitchen and bathroom
Punters consider the kitchen and bathroom areas that make the biggest impression due to their importance in everyday life. It’s easy for a kitchen or bathroom to become dated because the styles and fittings constantly change.
Kitchen and bathroom upgrades are an excellent way to spend your budget and increase property value.
Want to learn more about property investment?
Join our summit today!