Lots of Agents, Landlord’s, Experts and even your friends will say “You need to add value to your property”, but they can never tell you how.
What are the best and most cost efficient ways to add value to your property, whether it be your home or a new project.
Here are some tips from WISE Lettings:
Tip 1: Update and improve the Kitchen
The kitchen is usually one of the first images a potential property buyer/renter will look at. This can be the difference between them giving you a call and scrolling to the next property in their price range.
- Replace old cupboards
- Add a new sink with modern fittings.
- Add a new fridge freezer
- Change or replace worktops
- Give the kitchen a modern feel with a change in colour scheme
These do not need to be bank breaking improvements sometimes the smallest changes can bring your kitchen up to speed.
Tip 2: Make sure your property looks good from the outside
Similar to any interaction or meeting, when property viewings first impressions are important. If a potential tenant or buyer sees that the front of your property is looked after and has that inviting feel the viewing is off to a good start.
- Paint or replace the front door
- Ensure any porch or entry way is clear and clean with a fresh lick of paint.
- Fix any broken sections of pathway & mow the lawn if applicable
- Make sure front facing windows are clean and if needed replace.
- Fix any imperfections in brick work
- Make sure the entry is well lit
Tip 3: Update and improve the bathroom
Similar to the kitchen the bathroom is often a make or break for potential tenants and buyers. We can make some simple changes to make the bathroom much more modern and an attraction not a negative of your property.
- Replace shower head and shower enclosure
- Replace taps and handles to give a modern feel
- Add a large mirror to open up the space and give tenants/buyers a clear use for the space
- Replace toilet seats/toilets as a whole
- Replace/change any broken or outdated tiling
- Paint the room in a modern clean colour.
Tip 4: Paint and touch up throughout
This is the simplest and quickest way to add value, depending on the size of your property a skilled painter can paint throughout on a small time frame.
This gives the house that new and modern feel without having to use up the budget.
It will also rid the property of any imperfections.
Tip 5: Ensure the property is ready to move into
This may sound obvious but it is not always a given, especially if you are currently living in the property.
Ensure that no work needs to be done at the property for the new tenant/buyer.
Tip 6: Give the garden some TLC
A well kept garden can make a property much more attractive to tenants/buyers. Allow them to envision themselves spending time in the garden during the summer.
Adding some flowers and plants can make all the difference.