How to increase the value of a property

Selling property can be an extremely lucrative endeavour if you get it right

Whether you are a homeowner looking to move up the property ladder or a property developer seeking profits in a generally friendly property market. However, recent movements within the property market have made the profit prospects of many potential sales somewhat slimmer. What are some simple ways in which you can increase the value of a property?

Energy efficiency

Energy efficiency has been a key element to property construction and redevelopment. And especially so in the past decade or two. Not only are the impacts of the global climate crisis getting plainer and plainer to see for the average citizen, but the costs associated with heating a property have also mounted significantly in the past three years.

As such, the value of a home is unavoidably linked to its energy efficiency. There are ethical concerns here, as well as the longer-term costs borne out by heating efficient or inefficient homes. For this reason, investing in passive energy efficiency measures such as insulation can be vital to increasing the property’s liveability, and hence its value. More active measures, such as efficient alternative heating systems, can also have positive impacts for property values.

Extending the home

On a more fundamental level, property value can naturally be positively impacted by increasing the usable square footage on offer. By building an extension onto your property, you can add more rooms and hence more value; indeed, extending the property is one of the most effective routes to increasing value, with double-storey extension often expected to add 12% to a given home’s value.

Of course, home extensions are also expensive projects to undertake, and can be out of reach for many without the budget to invest. Another way to improve property value in a similar fashion, but without the attached construction cost, is to convert loft space into living space.

Read more: check out this horsebox conversion, now a gin bar!

Redecorating

Not all measures to increase the value of a property need to be large-scale, though. Smaller projects and processes can also have a great deal of influence when it comes to both property value and market demand. Decoration, or rather, redecoration, ranks highly amongst them.

Simple cosmetic changes, from re-painting walls to completely refitting kitchen cabinets, can have dramatic impacts on the feel and perceived size of a space. There is financial value attached to the replacement of older kitchen units, of course. But a flattering decoration job can make for better offers from budding buyers.

Garden and landscaping

Finally, then, we come to the exterior of the property. Kerb appeal is just as essential to demand. And buyer offers as the interior of the property is, as first impressions count for a great deal. A thought-out approach to landscaping can ensure your garden looks the best it can – and can even ensure that new modern conveniences are afforded to potential buyers, as with external kitchens or patio spaces.