26 August 2015

Posted by Discount Insurance on Wednesday, August 26, 2015
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Getting on to the property ladder is hard enough but moving up can be even more difficult. To climb your way up it’s important for you to maximise the value of where you live now.

From cosmetic enhancements to basic structural repairs, here are a few tips to help increase the value of your property:

Add more storage space

A lack of storage space can really reduce the value of your property and is likely to put buyers off. As storage is such a selling point, try to make use of all spare space. You could even build shelves or fit doors to create cupboards. Look out for:
  • Space under the stairs
  • Space in the cellar or attic that can be remodelled
  • Space beneath the bath tub
  • Space above sinks
  • Unused wall space for cupboards

Do the garden

An attractive and tidy garden is another strong selling point, particularly for young families, making it worth getting a designer on board for a consultation.

Privacy is an important factor and you can do his by adding trees or fences. Remember, boundary fences and walls can be raised to 2m without needing planning permission while pergolas can be up to 4m!

Creating distinct areas for seating, eating and lawn can add value to your home. A deck area can also give a buyer the perception that there is more useable living space between the house and garden which again, will add value.

Fix structural problems

Before considering cosmetic improvements and repairs like new bathrooms and kitchens, it’s crucial to fix structural problems that might not be noticeable to a potential buyer, but will stand out like a sore thumb to a valuer and will definitely reduce the value of your property!
Examples of structural defects include:
  • A leaking roof
  • Structural cracks to walls
  • Rising damp
  • Insect infestation
  • Missing/broken roof tiles

Although these defects can be expensive to repair, they are absolutely essential if you want to increase the value of your home.

Create a great first impression

It can be difficult to get rid of a negative first impression created by an unattractive exterior. Most buyers are able to decide if they do or do not like a property just from looking at the outside so while the garden is important to maintain, so is the exterior!

This can be done by:
  • Repainting doors, windows and walls
  • Replacing an old garage door
  • Changing/repairing windows
  • Adding climbing plants/trellis
  • Replacing adding a house sign/number 

Convert the attic

A loft conversion can be half the price of an extension and is brilliant for adding value as it adds more space for accommodation. It is also important to consider that it will require a full staircase to be accessible and this will take up space too.

A loft conversion does not require planning permission, however creating dormer windows may do, so it is always worth checking beforehand. Loft conversions must also comply with the latest building regulations which means adding a lot of insulation between the roof timbers which could reduce headroom.

Add bathrooms/shower rooms

An extra bathroom is a good investment, especially if it becomes an en suite to the master bedroom. This can be done by remodelling existing space or by extending. Where there is insufficient space, consider including a shower room which, if designed carefully, only needs to measure approximately 1m x 2.5m.

Ideally, there should also be bathroom facilities on every floor that has bedrooms so if you are carrying out a loft conversion, try to include at least a toilet and sink.

Use these tips to increase the value of your property and also be sure to protect your home and your family with great value home insurance. Get a quote from Discount Insurance on 0800 294 45221 today!