Changes to your home like updating lighting features could increase its value and appeal.
Bert Hofhuis, Every Investor expert, has shared these tips for homeowners wanting to add value to their homes a breakdown of easy and accessible ways to add value to your home.
Paint and Colour Refresh
Impact of a Fresh Coat: A fresh coat of paint can transform a space. Neutral colors are universally appealing and can make rooms feel larger and brighter.
DIY Opportunity: Painting is a manageable DIY project for most people. Just ensure you prep surfaces properly and use quality paint for lasting results.
A fresh coat of paint can potentially increase home value by around 1% to 3%. For a home valued at £250,000, this could mean an increase of £2,500 to £7,500.
Update Lighting Fixtures
Modernise with Lighting: Replacing outdated light fixtures with modern ones can instantly uplift a room’s appearance.
Energy-Efficient Options: Consider LED lighting or energy-efficient models to add both aesthetic and functional value.
Energy-efficient lighting could add about 1% to 2%, translating to an increase of £2,500 to £5,000 on a £250,000 property.
Revamp the Kitchen
Minor Kitchen Updates: You don’t need a full kitchen remodel. Updating cabinet handles, faucets, or adding a new backsplash can make a big difference.#
Appliance Facelift: If your budget allows, upgrading to energy-efficient appliances can enhance both the look and functionality of your kitchen.
Kitchen Updates: A minor kitchen remodel could yield a return of around 3% to 5%, possibly adding £7,500 to £12,500 to the value of a £250,000 home.
Bathroom Makeover
Simple Changes: Replacing old taps, showerheads, or adding a new toilet seat can refresh the space.
Deep Clean and Re-grout: Sometimes, a thorough cleaning and regrouting can make tiles look brand new.
Bathroom Makeover: Simple bathroom updates might boost value by 2% to 3%, equating to an increase of £5,000 to £7,500 for a £250,000 house.
Enhance Curb Appeal
First Impressions Count: Simple landscaping, like maintaining the lawn, planting flowers, or repainting the front door, can boost curb appeal.
Exterior Lighting: Adding or updating outdoor lighting can make your home look more welcoming and secure.
Enhancing Curb Appeal: Improving the exterior can add approximately 2% to 5% in value, which could mean an additional £5,000 to £12,500 for a £250,000 property.
Flooring Upgrades
Carpet Cleaning or Replacement: Professionally cleaning or replacing worn carpets can freshen up your home.
Hardwood Appeal: If you have hardwood floors underneath, consider refinishing them for a classic, appealing look.
Flooring Upgrades: New or refurbished flooring can add about 3% to 5% to home value, potentially increasing a £250,000 home’s value by £7,500 to £12,500.
Create an Outdoor Living Space
Deck or Patio: Adding a simple deck or patio can increase your home’s living space and appeal.
Outdoor Furnishing: Even modest patio furniture and planters can create an inviting outdoor area.
Outdoor Living Space: Adding a deck or patio could add around 2% to 5%, translating to an increase of £5,000 to £12,500 on a £250,000 property.
Declutter and Organise
Less is More: A clutter-free home appears larger and more inviting. Consider innovative storage solutions to keep things tidy.
Minimalist Approach: Streamlining furniture and decor can make rooms look more spacious and elegant.
Declutter and Organise: This can make a home more appealing, potentially adding 1% to 2% in value, or £2,500 to £5,000 on a £250,000 home.
Energy Efficiency Improvements
Insulation Upgrades: Improving insulation in attics, walls, and basements can reduce energy bills and appeal to environmentally-conscious buyers.
Smart Thermostats: Installing a smart thermostat is a minor update that can enhance your home’s tech appeal and efficiency.
Energy Efficiency Improvements: These can vary widely, but on average might add 3% to 5%, increasing the value by £7,500 to £12,500 for a £250,000 property.
Regular Maintenance
Keep Up with Repairs: Regularly fixing small issues prevents them from turning into major problems.
Routine Check-ups: Regular check-ups on heating, plumbing, and electrical systems can ensure everything is in working order.
Bert Hofhuis from Every Investor said: “Adding value to your home can be a rewarding process that doesn’t have to break the bank.
“By focusing on these simple, doable updates, you can enhance your home’s appeal and functionality, making it a more attractive and valuable property on the market. Remember, sometimes the smallest changes can make the biggest difference!”
