If you are selling your house soon, you must know how you can increase its value. One of the basics is boosting your home’s curb appeal as it could pull your home’s market price up. If you have a property in East Maitland NSW, McElwaine Estate Agents can help you prepare if you are planning to put your house in the market. They know exactly where to start if you want to increase the value of your home.
Adding value to your home ensures the best return when you sell it. Apparently, not only significant projects can give your house value a boost. Some simple cosmetic and structural repairs may also have the same effect.
Below are the areas where you should start.
Deal with structural problems
Subsidence is one of the biggest issues that massively affect any house’s market value. If you are trying to do some renovations to add value to your home, prioritize these issues. Improving the aesthetics of your home will make no sense if your home is slowly crumbling down.
Structural problems like subsidence may involve underpinning, making it among the most expensive works needed in a renovation project. However, it is essential to add value to your house.
Some structural problems include:
- Rising damp
- Leaking roof
- Bowing walls
- Insect infestation
- Rotten roof timbers
- Collapsed floor
You need to call a structural engineer, surveyor, or a builder if your house has structural problems.
Install a new heating system
Upgrading your central heating system is also one of the best ways to add value to your house. Some old homes have old fashioned or no central heating at all. Updating or adding a heating system in your home will add more to your house’s price than its costs.
The upgrade should be done along with improving your house’s general energy efficiency. This includes:
- Covering any drafts around windows and doors
- Putting additional insulation in loft space
- Repairing or replacing windows with double glazing
Fix or update the wiring and plumbing
Fixing or updating wiring and plumbing requires tearing walls and lifting floors, making it a disruptive job. It is crucial to fix this first before improving aesthetics.
- Electrical upgrades can be essential if the wirings in your house have not been updated for years. If your home is using an old fuse box, chances are, your home needs some rewiring. Moreover, don’t forget to put a modern consumer unit with a residual circuit device for safety.
- Installing additional sockets may also add value to your property. You may want to add pieces of beautiful faceplates for switches and sockets.
- You may also take advantage of this opportunity to upgrade the lighting and add exhaust fans in your bathrooms.
Old pipes can get clogged up, causing poor water flow, producing annoying sounds, and may cause the pipes to burst. Choose the pressurized system over gravity fed, eliminating the header tank and giving you more space. Moreover, it provides a better flow of water.
There are many ways to add value to your home. However, you need to cover these projects first before working on the beautification of your home. Putting the house in the market can be daunting, though. So, you will need the help of professional real estate agents, such as McElwaine Estate Agents.
Remember that if you are going to sell your house, it is important that you aim to earn some profits, so increasing your property’s value is essential.