Real Estate: Top five ways to increase property value

There are more than 101 ways to increase the value of your property, but there are far fewer ways of adding value without spending a significant amount of money on home renovations.

As the global housing market has come to a halt, many homeowners are turning to better interior designs and furnishings to beautify their homes and try to increase the value of their property.

It is not always easy to work out what could be done to increase the value of your property, however there are a few things to avoid. Research has found that having a hot tub can take a toll on the value of your home (parents worry about safety and maintenance costs) and the installation of new carpet and flooring has a very minimal impact on the value of your property.

Increasing the value of your property sounds straightforward enough, but it is often trickier than many of us realize and we can often get it wrong.

Take a look at these five straightforward ways to increase the value of your property:

1- Let in the light

When you are looking to sell your home, it’s vital that you make every inch of your house as bright as possible. This can easily be achieved by allowing as much natural light through your home as possible; you may need to consider investing in some newer, lighter window coverings and ditching the old dusty curtains.

If you allow natural light in your home and place mirrors on the adjacent wall, the light will reflect throughout the round to create the illusion of spaciousness, even in the smallest of rooms.

It’s crucial that when you are showing potential buyers around your home that your entrance hall is warm, clean and inviting. Remember that homebuyers will judge your home within seconds so it’s crucial that they don’t see your home as a dark dungeon.

2- Go minimalist

When you have been living in a place for more than five years, you often acquire a large amount of unnecessary clutter and furnishings. It’s advisable to de-clutter your home and remove any unnecessary items that are taking up valuable space; buyers are looking for space and with a minimalist style your home may appear warmer and more open.

You should find that with the de-cluttering of your home the more light comes through your rooms, as it has less obstacles blocking its path.

Ways to increase the value of your home

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3- Opt for renewable energy

With energy prices rising around the world, buyers are now looking for energy efficient homes. There are many ways in which a home can become energy efficient. Adding solar panels from Ardenham Energy, heat pumps or wind turbines are all new ways to add value to your property, but they are long-term investments.

If you are looking for short term solutions to add value to your property consider investing in energy-efficient appliances. These offer the user a more energy-efficient way to use appliances and saves homeowners hundreds in utility bills.

You can easily find energy-efficient washers, dryers, fridges and freezers with grade A* energy-efficiency ratings in your local stores. Green homes give homebuyers the impression that your home is a safe and economical property worth investing in.

4- Build an extension

Not always the first option to consider but if you have the financial means then you could seriously improve the value of your home with an extra bedroom, bathroom or even a garage.

Even though an investment in your property is favorable to increase the asking price for your property, it’s important to note that it is a time-consuming project that requires some serious investment and so should not be taken lightly.

Never build extensions that don’t match the rest of the home household, as this will take away the uniformity of the home and stick out like a sore thumb.

5- Make the important rooms count

Research has found that the average value added to a property by replacing an old kitchen with a new one is $4,000, and $2,000 for a bathroom. If you feel that you can do a good job on a bathroom, you could try and save yourself a third of the cost of hiring a builder by renovating it yourself. You can purchase show room model bathroom materials and do some research for tips on how to install them.

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