If you are a homeowner, then even if you have found your ‘forever’ home that you want to live in for quite a while, you may still want to add value to it. You never know what circumstances might arise that may need you to sell up and move, or you may just want to downsize down the line. So having the thought of adding value to your home always in the back of your mind is a good idea.
But before you go off and knock down walls, start home renovations or make other drastic changes, it is a good idea to think through a few of the dos and don’ts. Simply because there are plenty of things that you could do and should do to add value, as well as plenty that you shouldn’t do to add value. So here are a few things to get you thinking.
Do Check What Neighbours Are Doing
When it comes to the price of your home and how much it sells for, a lot of what goes into deciding the asking price is around what the others in the neighbourhood or on your street are doing. If they are all adding extensions or doing but renovations or adding high-spec kitchens, then it is going to hike up the asking prices in your area. Equally, if the homes where you are, are a little older and no one is doing work on them, then there could be a limit to what people are going to pay for a house on your street. So do check up what people are doing and what is going on in the general area.
Don’t Sweat the Small Stuff
While the overall look of the home is going to decide if people want to buy the house or not (depending on how much work it will need), you don’t need to stress out too much about the things that can be quickly fixed. If a room needs a new lick of paint then that is a quick and easy fix, and won’t have an impact on the house price. The things that do make a difference are the larger things, like the number of bedrooms and bathrooms. So adding an extra room will add way more value to your home than repainting everywhere.
Do Think About The Exterior
Many of us simply focus on the interior of our homes and what they all look like from the outside. But it does make a difference if you think about what the outside of your home is looking like too. At the end of the day, when it comes to selling your home and curb appeal, what it looks like from the outside will depend on what money you can get from the buyer.
Do Talk To a Real Estate Agent
It can be hard what to know what is going on in your neighbourhood, which is why speaking to a real estate agent can be useful. This is especially true if you are new to the area and don’t know people to talk to. You can look up house prices online too, so it is a good idea to stay in the loop.