Getting onto the property ladder can be one of the most fruitful decisions of your life, but in order to do so, you’ll need to learn about the ways in which you can add value to a property. Aside from House renovations auckland, house extensions, loft and basement conversions, there are many other ways in which you can increase the value of a home, so that you can receive a handsome profit in the end. Here are some of the most effective ways:
Electricity is one of the most fundamental components in a home, and must be working well in order to fetch a good price on the property market. Before you undergo any type of interior cosmetic enhancements, you’ll have to make sure that the house is correctly wired, as this involves going under the floors and into the walls. Consider adding some extra plug sockets around the house, as this not only adds to the convenience, but also to the value.
Just like with electricity, any plumbing works should be done at the very start of a renovation project, as it can cause disruption to the existing layout of the interior. If your property has old pipework which causes noises and vibrations, then you should think about switching over to a pressurised plumbing system, as it provides the right amount of pressure for hot and cold water. Installing a combination boiler or a cylinder can also raise the value of a home, as it is ideal for the flow of hot water used in baths and showers.
Enhance First Impressions
The majority of people who visit a property have already formed a strong opinion on whether they like it or not by the time they reach the front door. This is why it’s so important to instil potential buyers with good first impressions, regardless of how nice the interior is. You can do this by giving your exterior a fresh paint job, putting in new windows and filling in any cracks or repairing damage to cladding. If you wanted to go the extra mile, you could even add a front porch and place some plants by the entrance.
Address Structural Issues
If there are any structural defects in your property, then this could significantly hamper its value on the property market. Make sure to check if there are any leaks coming from the roof or any rising damp, and if there are, you’ll need to contact a structural engineer or builder. Other structural issues to look out for can range from bowing walls and rotten joists to damaged flooring or roof tiles.
Windows play a massive role in the decision process for home buyers, and it’s generally expected of a property to have double-glazed windows, as it keeps the building insulated and shields it from noise disturbance. For aesthetic reasons, it’s highly important that windows are symmetrical and balanced with their frame lines, and should generally be taller than they are wide.
Having an attractive garden with beautiful design elements and plants will be sure to raise your property’s value considerably, and it’ll make it even more appealing to potential home-buyers. You can improve your garden area by cutting overgrown shrubs and trees, maintaining and feeding the lawn and getting rid of any dead plants. If you create some privacy in your garden with some fencing or trees, you’ll be able to turn it into a peaceful sanctuary, which is a surefire way to attract more interest from garden and nature enthusiasts.
Bathrooms & En Suites
Introducing new bathrooms into your property will definitely up its market value, especially if you add in some en suites. According to research, each new bathroom added to a property can increase the overall value by up to $12,000. Ideally, each floor in your property should have a bathroom or a toilet, including in the basement and in the attic. New bathrooms can be added in by remodelling or extending the existing space, and are guaranteed to leave a good impression on potential home buyers.