Exploring how to add value to your home before selling, as well as what brings down property value and what other options you have when looking for a speedy house sale...
When selling a house, most sellers are looking for two things – a smooth and quick sale, alongside achieving the best possible price for your property. In most situations, sellers have to choose which one to prioritise, as it’s not possible to get them both, right?
Well, this is where you could be wrong…
By making some tweaks to your house before selling, you could both add value and improve your chances of a quick sale!
Now you’re wondering how to add value to your home – look no further because we’re here to help!
We’re going to talk you through the big and small changes you can make so you know how to add value to your home. We’re also going to tell you what brings down a property’s value AND what other selling methods you can use when you want to speed up your house sale, without needing to spend a penny in improvements.
Ready to get started?
Use the menu below to help you find your answer:
- Why try adding value to your home?
- How to add value to your home – the big changes
- How to add value to your home – the smaller changes
- What brings down property value?
- Other ways to speed up your house sale
Don't want to pay lots for home improvements to get a smooth sale?
As we’ve just briefly gone over, when selling a house most people want to get as much money as possible for their property, whilst being able to enjoy a hopefully quick and smooth transaction.
Whilst a smooth sale may be something you can’t control; you can help to control how much your property is worth by doing improvements to add value to the property.
What your property is worth will differ depending on the market conditions, location and how many people it appeals to – and of course what these interested parties are willing to pay.
Whilst these are factors you can’t control, what you can control is the condition of your property – with a property in a better condition likely to appeal to more potential buyers and sell quicker.
This is why a lot of ‘soon to be’ sellers look at renovating or redecorating their property before putting it on the market.
Whilst your mind may go to doing some major renovations, like extensions and knocking down walls, there are actually some much smaller minor changes which you can do to try to increase your house’s ‘curb appeal’.
What you add to make your property more valuable will depend on your house’s ‘target market’. For example, if your property is going to appeal to an older couple, then installing a downstairs bathroom will be more valuable to them, as it increases accessibility.
It’s important you think about who your house is going to appeal to before deciding what you’re going to add to your property.
Decided your target market? Ready to see how to add value to your home? The next two sections will tell you what you need to know…
Trying to add value to your house can be done through both big and small changes – it’s entirely dependent on your budget. Got a big budget ready for some big changes to add value to your home? Have a read of our list:
- Open plan living space – In recent times, most potential buyers tend to desire open plan living, as it gives the illusion of a bigger and brighter space. By knocking down a few walls, you can turn a separate kitchen and dining room into one big area, which can accommodate both kitchen and dining, whilst also making the area appear bigger and better.
- Update kitchen – A kitchen upgrade can be anything from a new hob and work tops to a complete overhaul. Whatever you choose to do, an updated kitchen will add value onto your property.
- Downstairs bathroom or toilet – If your property is more targeted towards an older generation, then installing a downstairs bathroom or toilet will help to boost the value. This is because doing this will increase the accessibility of your property, making it more appealing to an older family.
- Loft or cellar conversion – Converting a loft or cellar allows you to make use of existing space, whilst also making the actual living space of the property bigger.
- Add a home office – Due to COVID, the number of people working from home is on the rise, meaning a designated space to work from is starting to come up higher in buyers’ priority lists.
- Add an ensuite – Creating an ensuite for at least one of the bedrooms is a great way to add value to your property, without needing to extend. Creating an ensuite allows you to use space which already exists in a bedroom, to add another bathroom to your property. Not only does this add value to the property, but it will also make your property appeal to a wider ‘audience’, with an ensuite increasing a property’s accessibility.
- New heating system – A common problem a lot of buyers face once they move into their new property is a broken boiler, making a lot of potential buyers savvier when it comes to the state of your boiler.
This adjustment can be done in a short amount of time, sometimes as little as a week, and could add up to 5% in value onto your house. Of course, we know this isn’t the cheapest option and there’s no guarantees this will make your house sell any quicker, but it should increase the value of your property enough to make the adjustment worth it
A completely new kitchen may be a little costly and time consuming, but its ability to add value to the property should by far outweigh the costs. At the end of the day, everyone likes a brand-new kitchen, don’t they?
Adding in a downstairs toilet or bathroom allows you to utilise space, which is already there, helping to minimise the costs to you, whilst also boosting the value of your property by up to 5%
Whilst this may be one of the more costly improvements you can do to add value to your home, it’s also the improvement which is likely to result in the biggest increase in value, with some conversions adding up to 20%
You have the choice of converting an existing bedroom into a home office, going into your loft/cellar extension (which we’ve just mentioned), or building an area in the garden. Whatever you choose to do, a home office is a great way to appeal to more potential buyers, increasing your property’s value
Creating an ensuite shouldn’t take longer than 2 weeks and can boost the value of your property by up to 5%
Whilst replacing a boiler can be a costly process, it allows you to get the best possible price for your property, as you won’t be able to be negotiated down because your boiler is over 10 years old. Whilst there’s no specific number which a new boiler will add onto the value of your property, it is definitely something you should look to do before selling if your boiler is starting to get a little rusty…
Don't have the budget for these improvements but need to sell?
Don’t want to spend big to add value to your home? No worries! This list of smaller improvements will help tell you how to add value to your home:
- Repaint – If you’re getting your house ready to go on the market, it may be a good idea to give all your walls, both interior and exterior, a fresh coat of paint. Whilst we know this is a long process and may require you to get a professional in to do the job, it can increase the value of your house by up to £5,000, according to property expert Phil Spencer
- Put in a shed – Adding a garden feature, like a shed, increases available space, whether this be for storage or general living. An article written by Property Price Advice found that 82% of estate agents and property experts agreed that a decent sized shed would be one of the best additions to the exterior of your property when it comes to adding value
- Tidy up the garden – As well as adding a shed into your garden, just by simply tidying up your garden through mowing the lawn, getting rid of weeds and adding in some plants, you’re increasing your property’s ‘curb appeal’ which will help add value to your house. A neat and tidy garden can actually add up to 20% onto the value of your property
- Declutter – A messy house = bad impression. By bad impression, we mean potential buyers may see your house as less cared for and will therefore think they may be able to get it for a lower price, with it not being in ‘tip top’ condition. By doing a simple spring clean, you’re showing buyers that your house is well cared for, whilst also making it appear bigger, adding up to 5% to the value of your property
- Improve Wi-Fi – If you’re aware your internet speed is pretty slow, it may be time to upgrade… It may come as no surprise to you that when potential buyers are looking at housing, Wi-Fi speed is very important. Not only does it cater to the younger population, but also with COVID forcing people to work from home, there really has been no other time where our home internet has been under this much pressure
- Get planning permission – We were a little hesitant about whether to put this in the bigger or smaller changes, but we’ve decided to settle with it here. By applying for planning permission, you’re able to offer the idea of a bigger house to potential buyers, without you needing the budget to extend. Those potential buyers who are interested in getting the extras you have planning permission for will be willing to pay extra, with some willing to pay up to 10% more!
- A new front door – You know the expression ‘first impressions count’? Well this is what we’re thinking about when suggesting you may need a new front door. The first thing potential buyers will see of your house is your front door and having a door with a rusty number, peeling paint and a doorbell which doesn’t work isn’t quite the first impression you will be wanting
Whether you decide to just replace the number, doorknob or paint, or get a whole new door is up to you but your front door is crucial in setting the tone and expectations for the rest of your property
Whilst it’s important to think about how to add value to your home, it’s equally important you consider what may be bringing down the value of your property, so you know what to avoid…
- Structural damage – Nobody wants to live in a property which looks as though it will need a lot of money spending on it to fix structural problems. Whether your house has missing roof tiles or cracks in walls, ignoring the problem is only going to see your property drop in value, whether it be through a lower asking price or some renegotiation after a rubbish survey...
- Location – Sadly, although location isn’t something that you can change, it will dictate what your property is worth. Some locations will be desirable to some but not to others, meaning location will only bring down your property value for those who may not be your ‘target’ market. For example, a house close to schools would be worth a lot to young and growing families. But to an elderly retired couple, living near a school may be a big ‘turn off’
- Pets – Whilst we’re not suggesting you get rid of your furry friend for the sake of a property sale, property owners who allow their pets in every room, on every piece of furniture, may see a drop in their property value of up to 5%! Maybe time to be a bit more mindful of where your pets’ muddy paws are going…
- Old fashioned décor and furnishings – Whilst everyone has their own individual taste, ‘clean’ décor will appeal to most people. Expressing your unique taste through your houses’ furnishings and decorations will reduce the number of people who find the property appealing. It will also mean most people who will be interested in buying the property have to spend a lot of money on redecorating, reducing the property’s value
- Bad neighbours – Whilst there’s not a lot you can do about nuisance neighbours, they do decrease the value of your property and reduce the number of interested parties
- Over-developed property – Whilst adding an extension to your property is likely to increase the value of your property, it is possible to ‘over-develop’ reducing the value of the property. Over-developing a property, results in a garden which is too small in proportion to the house and the house will probably almost reach its boundaries, giving less privacy, further reducing the property’s value
- Clutter – We’re not going into this in too much detail as we know we’ve just touched on this, but a lot of clutter not only gives off a bad impression, but also makes a property’s living space look so much smaller, resulting in a reduced property value
Worried your house isn't in the best condition to sell?
After reading our lists of how to add value to your home, you may be wondering if there are other ways you can guarantee yourself a quick house sale, without the need to spend lots of money improving your property.
You’ll be glad to hear there are other ways for you to sell FAST, without the need to spend spend spend…
Instead of spending lots of money improving your property and then putting it on the open market, you can look to sell your house at auction or through a quick house sale company.
Auction – Selling a house through auction allows you to get yourself a quick sale, without needing to spend lots improving your property to make it appealing. At auction, as soon as a deal is reached, the buyer must put down their deposit. After putting down their deposit, the buyer must then complete within 28 days.
At auction, you will only get serious buyers who are looking for a property just like yours, meaning you will be able to easily find yourself a buyer, without spending a penny on knocking down walls or installing a new kitchen.
However, although you won’t need to spend on home improvements, you will still have lots of other fees you will need to pay. For example, you will need to pay the auctioneer’s fee, room hire, marketing fees, and more!
Buyers at auction are also looking at getting themselves a ‘bargain’, meaning it’s likely you will get quite a bit less for your property at auction. Also, even though your buyer will have had to put down a deposit and exchange contracts, there’s no guarantee they won’t pull out of the sale, leaving you paying all the fees, with a house still to sell.
'Quick house sale' company – Selling your property to a quick house sale company will help to avoid spending lots of money on improvements, with most of these companies buying any property in any condition.
These companies specialise in smooth and quick house sale transactions, helping you to achieve the easy sale you were looking for. Not only will you not have to pay for any house improvements to make your house sell, but you also won’t need to pay a penny on any fees, as most quick house sale companies will cover all the fees for you!
Finding a good quick house sale company is crucial, as you want to find someone who is trustworthy, with years of experience and plenty of good reviews.
Who fits that description, we wonder…?
Oh right, that’s us!
Here at The Property Buying Company, we’re a cash buyer of houses with over 50 years combined experience and LOTS of good reviews on Trustpilot. We won’t let you pay a single penny for any of the fees, and we buy any house in any condition – no need to spend BIG to guarantee yourself a smooth sale!
We will give you a genuine cash offer for your property, which will be completed in a quick timescale of your choice AND we’re a guaranteed buyer, no need to worry about a sale falling through here!
Want to avoid having to spend lots to add value to your property and guarantee yourself a quick sale? Give us a call or fill in our online form for a no-obligation cash offer, which we could have in your bank as soon as next week…
Ready to sell fast, without needing to spend a penny?