5 Ways To Increase The Resale Value Of Your Real Estate Property

how to increase resale value real estate property

Are you considering making moves on the real estate market? Buying and selling property can be a rewarding and lucrative pursuit. All you need to do is understand how to add value to the properties you renovate – except it’s rarely that easy. 

The first UK lockdown drove a boom in home improvements as Brits looked for ways to enhance their surroundings. Not all renovations offer the same return when looking to sell, however, so it’s best to research your options before ripping everything up and starting again. 

Below we outline five of the most reliable ways to increase the resale value of your property. 

Add A Bedroom 

Adding a bedroom is a sure-fire way to add value providing you’re not taking away from your existing space. Converting a loft is a smart route to take in this case – especially if you can incorporate an en-suite bathroom in the process. 

Most loft conversions are considered permitted developments, but it’s always best to check when carrying out structural work. 

Make The Most Of Your Outdoor Areas 

Outdoor space has been thrust into the spotlight as a result of many people’s cramped experiences in lockdown. While a general tidy up will help, a larger landscaping project could offer more appeal by creating new opportunities for relaxing and entertaining. 

You may want to hire a professional or take the project on yourself. In the latter case, finding out which portable generator you’ll need for your tools and equipment will make your job an easier one. 

Create Extra Living Space 

Living space is always likely to be sought after and particularly so now open-plan living is considered the norm. Kitchen diners, conservatories and converted garages and cellars are all potentially lucrative options in this category. 

Conservatories and kitchen extensions offer two ways to increase the listed measurements of your property, a factor which can make a surprisingly big difference in attracting buyers. 

Touch Up Your Interior Design 

Property viewers are often told to look beyond poor interior design choices and see potential instead. But not everyone wants to take on a ‘project’, so updating your interior to modern standards could attract those willing to pay more for the finished product. 

Take care of any visible defects, then stick to tasteful, neutral design choices throughout the home to appeal to a broader market. 

Upgrade Your Heating, Electrics And Plumbing 

Updating heating, electrics and plumbing systems can be a costly and disruptive process for buyers to undertake. Most will be willing to pay extra for more modern features, particularly if they improve a property’s environmental credentials. 

It’s best to speak to professionals unless you’re totally confident in your ability in this area. The last thing you want is to end up paying more for repairs! 

Add Real Value To Your Real Estate Properties

Could any of these tactics be ideal for your property? If so, it's time you immediately applied these value adding options to your home or real estate property.

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