Buying a home is likely to be the single biggest investment you make in your life.
Moving house remains one of the most stressful things you can do – more so than getting divorced and having kids – but before you can move, you’ll need to find a buyer.
The valuation of your home will depend on many things, from the number of bedrooms and the size of the garden to where in the country you are and the state of the property market when you decide to move.
These things might be out of your control, but there are some simple DIY tasks you can complete, that could add value to your home and increase the amount you receive.
Here are five of them.
1. Keeping on top of gardening takes time but the payoff could be large
When you’re looking for simple ways to increase the value of your home, remember that first impressions count for a lot. That means the kerb appeal of your property – the “wow factor” when seen for the first time – is key to attracting potential buyers.
If you have a front garden, start here. Weeding, and ensuring the lawn is mown when prospective buyers are due, might be time-consuming, but this simple DIY job can be completed for very little money.
If you have a back garden, be sure this is in good shape too.
Gardening isn’t for everyone though, so if you aren’t green-fingered, weigh up the cost of a gardener.
2. Kerb appeal might mean a fresh coat of paint or even a new front door
A new front door could be another way to add value to your home with limited expenditure. Quality is important though, as a poorly finished or out-of-keeping entrance could have the opposite effect and put off potential buyers.
Touch-up paintwork where you can too and if you have a driveway, keep it clear of weeds.
If you’re looking to take on a bigger DIY project or have the spare cash to make larger changes, consider adding a parking space if you have the room and can do so while maintaining the front aspect’s kerb appeal.
Off-road parking can be extremely valuable to prospective buyers, especially in urban areas. It can be expensive though. You’ll need planning permission and might need to pay your local council to “drop the kerb”.
3. Consider a loft conversion if you’re looking for a larger project
Another task at the more expensive and labour intensive end of the DIY scale, converting a loft space to create an additional room, could make a massive difference to your property’s value.
Use an architect, be sure local building regulations allow it, and try to get an idea of the potential added value before you start. You might do this by researching similar homes locally that also have a converted loft, and then factor this into your budget.
A Nationwide study conducted back in 2019 found that converting a loft to add a bedroom and en suite could increase a property’s value by 21% on average, rising to 24% in London.
Be sure to apply for the necessary planning permissions and hire professionals to carry out any tasks you aren’t comfortable doing.
4. Upgrading your kitchen can be simple, quick, and cheap
For many, the kitchen is the social hub of the house, and one of its busiest rooms. And while granite work surfaces and bespoke sink units don’t come cheap, simple DIY jobs can make all the difference.
You might consider painting or replacing cupboard doors, switching the layout and adding storage to maximise space, and introducing a splash of colour. Remember though, that interior design tastes can be very personal. Adding colour while retaining mass appeal is key.
As with the rest of the house, ensure splashback tiles and paintwork are in good condition too.
5. Energy efficiency is increasingly important to buyers
Even small changes to your property’s Energy Performance Certificate (EPC) rating can make a big difference to the asking price. Energy-efficient homes cost less money to heat and are better for the environment, appealing to the bank balances and social consciences of would-be buyers.
- Upgrading to double glazed windows
- Replacing your boiler with a newer, more energy-efficient model
- Switching to energy-saving bulbs.
These steps can be simple to take but make all the difference when the time comes to sell your home.
Get in touch
If you would like to factor home improvements into your long-term financial plans, or you want to discuss any other aspect of your retirement or investments, please email firstname.lastname@example.org or call 01793 575553.
This article is for information only. Please do not act based on anything you might read in this article. All contents are based on our understanding of legislation, which is subject to change.