If you are looking at selling and want to squeeze every penny out of your property’s value, renovations can be fantastic and cost-effective ways to increase not only your home’s resale value, but also the curb appeal to prospective buyers to draw more buyers in.
Be wary; some of the pricier projects could leave you out of pocket when it comes to your margins. Shop around for a quality project manager for the lowest price possible. Quality comes first – a sloppily done extension can run bills up massively if they need redone.
We are going to look at some low-cost renovations that add value without leaving you out of pocket.
Structural Issues
First things first, if you are looking at making big cosmetic changes to your property then it is an absolute essential that the structural integrity is sound. It makes no sense to start work on a new bathroom if the building is suffering from subsidence or cracked or leaning walls.
Consult with a reputable builder, contractor or surveyor to ensure that you don’t have any pre-existing structural worries before going ahead with anything cosmetic. It could be something as simple as replacing a few roof tiles, or as extreme as unstable joists.
Once these issues are sorted out, potential buyers can go in knowing that if they want to make any additions of their own that the structure isn’t a worry. If you’re a resident of Washington, check out this guide in finding a Seattle general contractor.
Update the Heating System
A lot of older houses have no central heating whatsoever, and those that do may need updating to increase the efficiency of heating your home.
Improving the efficiency of your property will always land you in profit due to its low-cost nature. Adding under floor heating, heated towel rails and extra/updated radiators (provided your boiler has the extra capacity to take them) instantly adds to the value, while an increased efficiency rating appeals to buyers, as it will cost them less to heat the home.
More simple improvements include updating your doors and windows to exclude drafts, put in double glazing and making sure your loft is insulated to reduce waste. A lower carbon footprint has become a coveted trait in property development.
Convert Your Loft
If you already have a well-insulated attic space, you can further your resale value with a loft conversion. While things like second-storey extensions or brand-new master suites can run up five, even six-figure sums, and in fact lose you around half your money when converted into the resale value, a loft conversion will cost you less than half of a master suite and add significant value.
Adding an entire extra room to your property opens your demographic wider to include families that will need the extra space and make the most out of every square foot that your home can offer. Installing a bathroom, space providing, will add another chunk to your selling price.
With all these additions, remember to shop around for the best deals and the highest quality of work. Valuators will recognise shoddy work, so ask around for recommendations.
Provided by HomeLight: sell a house fast in Seattle, WA