There are many beliefs about various characteristics of a property which add value when selling your home. Many of these are not necessarily true for most buyers and could waste a lot of your time and money if you are planning to try and add value yourselves.
1. South-facing gardens
Whilst it is nice to have a south-facing garden, a study by Direct Line found that this only actually added about £800 to the value of a property. You can’t do much about changing the way your garden faces anyway, but its one less thing to worry about!
2. A quiet location
Whilst noisy roads can be a bit of a turn-off, train lines and nearby undergrounds can actually add value to your property due to their convenience and taking the strain off driving and parking. You don’t necessarily need to try and hide proposed plans from potential buyers!
3. Designer Kitchens
It is very easy to get carried away and spend a small fortune on the best quality, designer kitchen to impress your home viewers. However, it has been found that the layout and cleanliness of the kitchen is what drives a sale, not the amount that was spent on the fittings which rarely even gets noticed. The same goes for bathrooms. If you are going to refit your kitchen or bathroom before selling, just get the layout and the finish right.
The people of Britain are not the keen gardeners they once were and often find themselves put off by giant gardens which might seem like a lot of maintenance work. Gardens are popular, but at a size which is both enjoyable and easy enough to maintain.
Also, houses in urban areas with front gardens is often regarded as wasted space. Paving over the front garden (you can keep the flower beds) creates parking opportunities and can add up to £50,0000 to the property value. (You will probably need planning permission).
5. Number of Bedrooms
The number of bedrooms in a house doesn’t necessarily make much difference to a property value as much as the size of each bedroom, particularly once you get past the 5-bedroom mark.
People always want the biggest bedrooms they can find so before you go putting dividing walls up to create a house with more bedrooms, think about how appealing the size of those bedrooms would be to a potential buyer.
6. Visible DIY Projects
If you are doing a DIY project – finish it first! Buyers are usually looking for somewhere ready to move into or somewhere they can get their hands grubby themselves so if you leave them little jobs to finish your DIY project, you’ll only put them off.
Likewise, make sure your DIY projects look good quality and well-finished. A visible bodge-job may raise questions in the buyers mind about bodge jobs they can’t see!
If you are looking to add value to your property before selling, there are plenty of other things you can do depending on your budget. Don’t forget to check for planning permission first as not having it could land you in a lot of trouble!
- Try a loft conversion or build a conservatory to create more rooms. This can add anywhere between 7% and 12% to the selling price of the house.
- Create more natural light and a feeling of space using mirrors.
- Turn your garage into a living space – no-one parks their car in a garage anymore so it is a wasted space.
- Jazz up the front door – its the first thing a buyer sees when they view your property so make sure it feel good quality and safe.