If you’re planning to move in the coming months you’ll no doubt want to get as much as possible for your property, but you might not be keen on the idea of spending thousands on large-scale DIY projects.
And that’s not to mention the disruption that comes with the likes of extensions, new kitchens or new bathrooms.
But you could add up to £44,000 to the value of your property by doing DIY tasks that cost under £4,000. Sound too good to be true? Not according to The Sun. The newspaper recently shared some advice on how to boost the value of your property substantially with a few simple fixes.
Property guru Phil Spencer said that one of the easiest, and cheapest, things to do is name your property. He reckons that replacing your house number with a name, particularly one that sounds regal, can add a whopping £5,000 to the price tag.
All you need to do is notify Royal Mail and your local council of the name change. This is normally free, although some councils charge £40 to make the swap.
Once you get prospective buyers through the front door you want them to be wowed by your interior. A simple trick, and one that’s well known, is hanging mirrors to make a space appear bigger. Among the best places to hang a mirror is opposite a window, because this tricks the brain into thinking there’s another window on the opposite wall.
More and more buyers are concerned about energy efficiency and there are lots of things you can do to improve this, particularly in an older home.
The newspaper notes that installing double glazing and loft insulation are relatively inexpensive ways to improve the energy performance of your home. Another thing to consider is replacing your front door.
It cited data from GoCompare, which found that spending £475 insulating your home could add up to £4,000 to its value.
It’s certainly worth exploring the cost of double glazing in Worsley if you’re thinking of selling your property. Even if you end up hanging onto it for an extra year, you’re still getting all the benefits of having a more energy efficient home in the meantime.
You should also explore the possibility of getting planning permission for an extension at your home. Even if you have no intention of making use of it, a prospective buyer might.
Phil Spencer told the newspaper that having planning permission in place for an extension can add up to £5,000 to the value of a home. Applying for planning permission takes time, and you’re likely to have a wait of several months for it to be approved, but just having it can add extra appeal for buyers.
We recently pointed out that carrying out large-scale projects, like converting your garage, could add a substantial amount to the value of your home. Converting a garage, which typically costs between £850 and £1,150 per square metre to do, could see an extra £50,000 added to the price you can ask for your home when you come to sell.