We all strive to get as much value for our property (or properties) as possible. While circumstances can dictate certain scenarios, such as requiring a quick sale, everyone selling wants to get as much as they can.
As a result, it’s not uncommon for property owners to invest in their homes while they still own them. Many will put in a fair chunk of cash to try and ensure a return on the price they paid for it.
Getting the Most Value Through Simple Techniques & Strategies
Again, there can be situations and scenarios that are out of an owner’s control. The market can crash, or it can grow. Both can impact the overall value that can be obtained. While the price that it is eventually set at can’t always be controlled, it’s possible to do several things that can influence it.
Below, we examine just some of the best ways in which you can increase the value of your property when it comes to time for selling it:
Tip #1: Boost Kerb Appeal
According to the property experts at Let’s Move Fast, one of the best and most cost-effective ways to increase the sale value of your house is to boost its kerb appeal. This is what prospective buyers will see first, and first impressions count for a lot when purchasing a property.
It can be a relatively inexpensive modification to make for the owner, but it can have a huge impact on the price of the property. You should be aiming to keep the garden and front area of the home perfect. This can consist of keeping grass and hedges trimmed, making sure the outside brickwork is clean, and making sure the exterior is immaculate.
Tip #2: Make Minor Upgrades
While it can be desirable to make major upgrades to rooms, such as adding an extension or creating new spaces, these are extremely costly and don’t always add as much value as we’d like to think. If we're looking to maximize value, it can be more beneficial - and cost-effective - to keep upgrades to a minimum.
A lick of paint and a sprucing up of decor, such as lighting and fixtures, can be enough to improve a property’s value. A fresh appearance can be welcoming, inviting, and sometimes more noticeable or appreciated than an extension.
Tip #3: Making Small Repairs
When it comes to putting the property up for sale, it can be worth taking the time to make even the smallest repairs to increase its value before doing so. Buyers will always look for faults that they can highlight to try and drive the price down. They may also be put off altogether if they notice there is work to do.
Fixing minor faults and making small repairs can often be inexpensive to the repairer, but they can increase the value of the property. For instance, filling in holes in a wall where pictures have been hung can be a simple and inexpensive task. However, from an aesthetics approach, it can look horrible to buyers as they’ll see it as potential work they need to undertake.
Tip #4: Highlight the Property’s Main Benefits
Highlighting the property's biggest benefits can make a huge difference in potentially increasing its value before sale. Buyers want to know that they are getting value for money, or in some cases, feel they are “getting a steal”. One way to make them feel this way is to emphasise what is already available.
For instance, if it has a garden, sellers can look to highlight its possible uses and how it can look, even if the weather in the UK might not always be conducive to spending time outdoors. Buyers will recognise that there is a chance that they won’t get to sit outside because of the conditions, but with the off chance that they can, the allure of a garden can make them want to pay as much as required.
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