Considering Property Upgrades Before Selling Your Home?
It might be that you aren’t looking to move home soon, perhaps you are happy to stay in your current house for a couple of years. With the stamp duty holiday tapering off, many people are now changing their housing market plans, and there is a lot to be said for upgrading your home.
In the short-term, you receive a home that is larger and hopefully more tailored to your needs. In the longer-term, you have a home that is more appealing to likely buyers, and you will hopefully receive a better price for your property.
Of course, not all upgrades are the same, and some changes will have a bigger and better impact on your home.
Upgrades you can make in the living room
Did you know that replacing your radiators can add up to £10,000 in the value of your property? A stylish radiator can make a room look better, and a more efficient radiator improved the energy rating of the home.
Bruna Pani from We Buy Any House says; “Starting at around £600, free-standing, aluminium radiators are perfect for a stylish, modern upgrade to your heating system. Black- or charcoal-coloured radiators not only add a classic and chic element to your living room but are also the advised option as they emit the most heat, which will keep the room at a nice cosy temperature.”
It is believed that improving interior doors can add up to £7,500 to the value of your home. Again, this is a move that improves the style of the property, while boosting the insulation of a home.
Bruna also said; “Starting at just £700, the addition of single or double sliding doors leading into your living room not only provides more functional and flexible access but also elevates the style of the room by creating the option of having open space and flow throughout the house.”
Stylish changes that will improve your kitchen
When it comes to kitchen improvements, you want functionality and style. Adding a kitchen island has the capability of adding up to £15,000 to the value of your home.
Bruna Pani said; “Islands have many benefits, from providing a casual seating area, to making extra storage room for appliances. This feature creates a modernised fixture that adds value to the aesthetic and function of the room, and prices start from as little as £250.”
You can also benefit by replacing your kitchen floor. Changing for a surface that adds longevity to your home can add up to £5,000 in the value of property.
Bruna also said; “Replacing the kitchen floor can totally transform a room and result in a clean and comfortable finish, which is practical and affordable. Starting at £402m, modern porcelain tiles are an effective way to add value onto the kitchen, as they're hard-wearing, waterproof, stain-resistant and durable.”
What changes do you want to see in the bedroom?
Continuing with the theme of functionality, adding an en-suite facility to your bedroom makes sense. Some observers say this can boost your value by more than 5%, while other industry experts say an en-suite can add up to £10,000 in value.
Bruna Pani suggests; “Combining the fixtures, fittings and finishes of an en-suite can cost upwards of £3,000 but can add great value to the room and overall price of the property. They bring accessibility and are a really practical addition to any bedroom. They also provide an element of luxury.”
Another option to consider is a walk-in wardrobe, which can add up to £7,500 in value to your home.
Bruna said; “Transforming part of a spacious bedroom into a walk-in wardrobe is a great way to add value onto the property, as well as providing easy access to all your clothing items. Starting at around £5,000, the addition of a walk-in wardrobe is a luxurious way to get ready, especially if you indulge in a fitted dressing area, full-length mirrors and ambient lighting.”
What bathroom changes offer?
Changes in the bathroom to consider include:
Adding underfloor heating, which can boost the value of your home by up to £10,000
Upgrading the standard of your bathtub, which can add up to £5,000 in value
Bruna said “Underfloor heating ranges from £1,000 to £1,500 depending on size, the company installing and cost of materials. However, it makes a bathroom far more cost-efficient, in comparison to running regular heating, and adds a feeling of quality. Replacing the bathtub is essential when aiming to add value to the bathroom. Opting to replace an old one with a high-end, luxury, spa-inspired bathtub can significantly increase the overall value of the room.”
Amy Forster from ScS, said; “It can be hard to know which areas of your home are best to invest in when trying to make it look attractive to buyers, but our research shows that every single room can increase value. While en-suite bathrooms and kitchen islands add the most money to your home, it’s good to know that even relatively minor upgrades, like replacing doors and radiators, can still really increase your value.”
If you are looking for guidance or assistance in the Enfield property market, we can help. At Atkinsons Residential, we are estate, land and letting agent specialists, and we look forward to assisting you as best we can. If you would like to arrange a property valuation, please call us on 020 8366 0261, while you can contact us on 020 8342 1234 for all letting enquiries.