In a dream location, with ample space for the entire family to spread out, and all for an unbelievable price well within your budget – when you first found your home, after months of soul-destroying searching, it was love at first sight
But as with any long-term relationship, keeping your house in peak condition and your love for it rock solid requires a lot of hard work.
Don’t give it the care and attention it deserves and you’ll be left helplessly watching as its value slowly trickles away, leaving you lumbered with a worthless home you’re no longer head over heels crazy about.
To save you the heartache of losing out on your property investment, we’re sharing a few top tips on how to maximise its value. Take a look.
Add more space
There’s nothing worse than running out of space in your home, sacrificing your roomy freedom to a growing family and a steadily increasing amount of random furniture and junk.
Large, open homes with oodles of storage and extra rooms are perennially attractive, so adding as much space as possible is a sure-fire way of boosting the value of your property. However, it’s going to require an investment, and a pretty significant one at that.
Whether you’re looking at splitting one central living room up with mezzanine flooring or creating a whole other floor with a loft conversion, you can always ease your concerns about the expense by thinking about the huge return it’s going to win you further down the line.
“But I already recycle waste and restrict my water usage and use eco-friendly cleaning products – does the environment really need me to make a whole load of costly green upgrades at home?!”
As frustrating as you may find it, the answer is a resounding yes. Besides saving you money on bills right now, they could also add a whole load of value to your house in the future – on average, green homes sell for 3.46 per cent more than traditional ones.
Swapping to heat-efficient windows, installing solar power technology, improving insulation – there are a ton of cost-effective green renovations to pick from, and you’ll instantly feel the benefits of them when you receive your slimmed down monthly energy bill.
Make small renovations
Boosting the financial worth of your house doesn’t have to revolve around big, expensive renovations (although they will give you the biggest return). Appearance also has a lot of sway when it comes to valuation time, so a few small but vital DIY home improvements are hugely beneficial.
Keep the interiors modern and pay special attention to bathrooms and kitchens – both areas tend to age the quickest. Replace old cupboard doors and glass shower doors for an easy and cheap refresh.
Since you also want your neighbourhood to stay desirable, your garden and exteriors also deserve a little facelift – give paintwork a once over and stay on top of maintenance tasks like clearing the gutter.
Follow these three steps for maximising the value of your home, and you’ll enjoy a valuable and happy relationship with it for years to come.