The property market is very unpredictable nowadays ? sales are slower
and buyers more demanding. It can therefore be difficult to make a
profit on selling your home unless you think carefully about how to
make it more marketable. Increasing the living space is always the best
way to add value to property, for example by building an extension or
conservatory or converting a loft or basement, but this can involve
major work and a large outlay. For those who can't afford to make such
big changes, simply renovating or redecorating can make a difference,
and it needn't be expensive. In fact, you should be wary of splashing
out too much money on cosmetic changes as the increase in property
value that they will achieve is normally quite limited. Having said
this, if you spend wisely, you can make your home more marketable and
increase your profit when you sell.
The key selling features of most houses are the bathroom(s) and
kitchen, and updating them can make a house much more attractive to
homebuyers.
A bathroom is no longer a functional room ? it's now a place of luxury,
a sanctuary within the home where we can relax from our busy lives.
People are looking for stylish design and luxury features ? heated
towel rails, whirlpool baths, multi-jet showers, fitted furniture, and
sink vanity units. You don't always need a large room to achieve this ?
there are many clever space-saving options available, such as combined
furniture and suite units, wall-mounted towel rails, a shower over the
bath or corner sinks and toilets. An it needn't cost the earth either ?
DIY stores have a wide range of bathroom furniture, suites, fixtures
and fittings. Always play it safe though ? neutral white is the best
option, as it can be co-ordinated with any colour of d'cor to
suit all tastes.
Ensuite toilets are very attractive to homebuyers and will add value to a home, as
long as they're in a good location in the bedroom and don't detract too
much from the bedroom space.
The same is true of kitchens ? people want style, luxury and space.
Kitchen design is very important and there are many modern ways of
maximising what room you have. New fitted kitchens can be very
expensive though, especially if you're having all the work done by a
professional company, so you may not recoup the value in the short term.
A major turn-off for homebuyers is a home with no central heating as it
can require a great deal of work and expense ? installing a boiler,
laying pipes and fitting radiators. However, if you have the work done
yourself before putting your house up for sale, you'll increase the
marketability of your property and you're certain to make your money
back when you sell.
Replacing windows can make a big difference too. Aside from the fact
that old window frames can make a property look unsightly, they make
not provide effective insulation. New windows can reduce heating bills
dramatically and can be easier to maintain, particularly the uPVC
variety. Beware of fitting uPVC windows in period properties though ?
they can look cheap and out of place. New double glazing units on all
your windows shouldn't cost more than a few thousand pounds.
Even just a lick of paint and a few new soft furnishings can make the
world of difference to freshen up a room and make it look more
attractive. Redecorating isn't expensive and it's easy to do yourself.
Choose fairly subtle or neutral colours to try to appeal to most tastes.
Here are some useful tips to consider whatever work you decide to carry out on your home:
Do a cost-benefit analysis ? is it worthwhile? Are you likely to
make your money back?
Hire a plumber, electrician or joiner for some of the tricker
parts ? or at least consult someone for advice. They may be able to
provide you with useful guidance on how to carry out the work.
Before you start, always work out a budget and decide where you
will get the money from to finance the work.
Don't bite off more than you can chew ? only do as much work as
you can afford in terms of both time and money.
Find The Value Of Your Home
A properly planned and executed kitchen remodeling project can add value to your home. If you're like most people, your kitchen probably gets a lot of use, even if you don't do a lot of cooking. Kitchens are used today not only as places to prepare meals, but places to gather with friends and family. Home buyers are looking for features in the kitchen that will make it a place to gather and chat with friends. These are the features that you'll want to focus on when you remodel your kitchen with an eye towards the marketability of your home in the future.
One thing that has impacted kitchen designs is people working from home. It isn't uncommon for more than one person to be working in the kitchen, preparing meals for the family. When it comes to kitchen design, this means that work areas and traffic flow have become important issues to address. With two, or maybe three people working in the kitchen at once, it's important that there is enough counter and table space, and that the people working can get from one part of the kitchen to another without disrupting the others. You may also want to consider adding a second sink for food prepration when you plan your kitchen design.You're making a wise move, remodeling your kitchen.
Another issue you need to consider when designing your new kitchen is kitchen storage. Some older kitchens do not have enough storage space for all of your pots and pans, utensils, and food. If you look at older kitchens, you'll notice that those that have not been remodeled recently have a shortage of storage space. Because of this, adding storage space is a good idea for a remodeling project. A pot rack, attached to the wall or ceiling can provide storage space for pots, pans, and utensils. If there is space, a new cabinet will add more storage, or maybe there is room in the corner for a pantry unit or some shelves. Adding additional storage space can help to instantly raise the value of your home.
Updating your appliances is also a good idea when remodeling. This can increase your home's value. Homebuyers, when looking for a new house, often look at the reliability of the appliances. They're going to be paying a lot for a mortgage, and they will want appliances that will last for many years, rather than having to pay a lot of money to replace old, broken down appliances as soon as they move in. New appliances can be a huge attraction to home buyers. So, if you can afford it when you remodel your kitchen, replacing the appliances is a good idea.
Other smaller remodeling projects can add value as well, and won't cost a lot. Look at updating cabinet hardware, changing the old grimy cabinet pulls for new ones is a quick and simple project. Paint, new flooring, new fixtures... these are just some easy and simple ways to update your kitchen, and add more value to your home. Even if you don't plan on selling your home in the near future, these projects will give new life to an old kitchen. Who knows? With a new kitchen, maybe you won't want to sell.
Both Benedict Rohan & Tim Sousa are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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