Eight simple ways to increase the value of property during lockdown
There's no denying that the economic uncertainty caused by COVID-19 has left many questioning their property choices.
While property owners once feared a recession, over recent months the market has continued to boom. There has never been a better time to sell a property and it's getting better by the day.
Snap lockdowns have left many with time on their hands. And with the market continuing to rise, there's no better time to maximise the potential of your property for sale or rental.
Here are eight simple ways to increase the value of a property during a lockdown.
1. Replace kitchen appliances
Replacing old and battered kitchen appliances will increase the appearance of a home in both rental and sales markets. And don't forget, the benefit of this is that you can take them with you when you go!
2. Replace fencing and gates
Fencing and gates are the very first thing a potential buyer or renter notices about the property. If yours has seen better days, now is the perfect time for a fresh coat of varnish or even a complete makeover.
3. Painting
While many purchasers like the idea of a doer-upper, a fresh coat of paint tells potential purchasers that the house is habitable while they decide on their colour scheme. We recommend keeping décor simple so potential purchasers or tenants can visualise their own themes and style.
4. Style every room as a bedroom
If you're currently using any of the rooms as an office, playroom or treatment room, now is the time to re-style as a bedroom. The more bedrooms a property has, the more it will appeal to a wider range of buyers – and budgets!
5. Declutter
While the garage and shed might be organised chaos to you, to someone who doesn't know you, all they see is junk! Throw out what you don't need and store everything else in matching containers. You can even add some shelves or cupboards to keep everything hidden too.
6. Apply for planning permission
If you have the land space to extend the property, applying for planning permission in advance shows prospective purchasers the potential for the property long into the future. It's all very well making assumptions or guessing but having the paperwork right there in front of you is often all the encouragement someone needs to sign on the dotted line.
7. Make good use of mirrors
Carefully placed mirrors can brighten up a room and make an area appear bigger. Hang mirrors where they reflect sunlight or make narrow spaces appear wider.
8. Add extra plug sockets
These days, when we need a plug socket, we need it now! Modernising the electrics to make sure there are plenty of accessible sockets, including USB ports will instantly increase the convenience of living in the property.
There has never been a better time to increase the value of a property by making some simple changes. To find out more about improving the value of your home, or for a free sales or rental appraisal, contact us today.
