Improve or Move?
A well planned home improvement project will add to the sales potential of your property whether you sell immediately or a few years down the line. Many homeowners invest in home improvements prior to moving to help get the highest possible price for their property.
What makes a property sellable? Most Estate agents have their own opinions as to what determines value, but location and neighborhood are always key factors and a little research into recent sales of similar properties in your area will give you a guide of what you can expect to get for your property.
Regards of location Prime spot or not, if you’re planning to sell, bring your home up to a 'reasonable standard' before you put it on the market, and that means at least making it look better than the other properties in the road. You’d be surprised at how a good coat of paint can drastically improve the appearance of your home at relatively low expense.
Under The Surface
Don't ignore 'unseen factors' when selling a home. A well planned garden, Up-to-date damp proofing , tidy guttering, efficient drains, good pointing, secure roof tiles - there are many factors that may persuade a potential buyer to put an offer on your house rather than next-door's.
Adding on
But if you’ve decided to stay put for a few years before moving on, anything you do to give your home additional living space will make it more appealing and could add more than 20% to its value. Having a garagewill definitely draw them in, adding 10-15% to the property value, both double glazing and central heating should add around 15% each.
Cleanliness is next to profit and according to the Nationwide, having a second bathroom may add as much as 8% to the value of a property, but only if it has three or more bedrooms. In a two-bedroom house this may be seen as a waste of valuable space.
Loft conversion ,
extensionsand
conservatories are all sure ways to add value and greatly increase the ‘sale ability’ of your home.
