The property market is currently riding a high but the duration of that high remains under question. If you truly want to maximize your house price and reap the best returns there is more you can do than rely on the ebbs and flows of the housing market. Whether you want to look at mobile homes for sale to flip or add value to or work on your own home, there’s a lot you can do. Here are some of the best ways you can increase the resale of your property, regardless of the economic situation around you.
Convert your garage
What is your garage currently being used for? Chances are you do not put your car in it overnight. Is it a dumping ground? A storage space? Or just wasted space? Did you know that by converting your garage into a usable living space you could increase your property value by 15%? This will, of course, depend on the work involved and the potential spending cost of the conversion but typically speaking the structural work is already in place and it is just a case of glamming up the interiors. Not only could you increase your house value you will be adding extra practical and usable space to your home. It is a win-win.
Think about energy consumption
Escalating energy costs are at the forefront of everybody’s mind, and homeowners are certainly no exception to this. Those charged with paying the bills are increasingly looking for ways to bring utilities down, and energy consumption is a good place to start. Adding solar panels to your property can be a great incentive for would-be buyers as it paves the way for your home to be self-sufficient in terms of its energy uses. Alternatively investing in stellar insulation, such as metal wall panels or energy-efficient heating and cooling systems can have a hugely beneficial impact on your property value.
Add a bedroom
An additional bedroom to a home can see up to 15% be added to the value of the property. Maximum returns can be expected on loft conversions to bedrooms that come complete with an ensuite. Although a loft can provide storage areas when living space is a premium this space could be much better served as extra living quarters. What is more, the vast majority of lofts can be easily converted without the need for permission or extensive structural work.
Your kitchen
Kitchens and bathrooms are the main areas that potential buyers consider when buying a new property. That is not to say you should spend fortunes revamping your kitchen only to sell it on. Rather, if you can keep on top of your kitchen and ensure it remains as modern as possible it will go a long way when it comes to selling your home. There are lots of things you can do to improve your kitchen without knocking down walls and installing an entirely new suite. Consider smaller changes such as painting or replacing doors and work surfaces. Consider adding a seating area where possible to open it up into a kitchen diner, as open plan living is a hugely desirable aspect of a property that people are willing to pay more for.
(Disclaimer: This content is a partnered post. This material is provided as news and general information. It should not be construed as an endorsement of any investment service. The opinions expressed are the personal views and experience of the author, and no recommendation is made.)