5 top tips to maximise profitability of your house
Are you waiting for Spring to arrive to sell your house but getting itchy feet to put it on the market now? Give the kiss of life to your property and maximise your profit. Here are some of our tips for a profitable renovation.
Get in the professionals
If you are handy with your tools, do all the work yourself to keep costs down and profitability high. However, if you are not, DIY can turn out to me more expensive if you don’t know what you are doing. Consider getting in a team of professionals to get the job done, but don’t give them an easy time. Get at least three quotes for each job and don’t forget to ask for references from previous clients.
An extra room
If you have the space, consider building an extra bedroom. The easiest way to achieve this is by building a loft. Make sure you plan for easy access to this space (i.e not a steep ladder) and ensure you can stand in there. Loft conversion cost around £30,000 upwards, however, may add a lot to your property value. But make sure that the rest of the house is in proportion to this new addition. A four-bedroom house with three bathrooms is an attractive proposition. A seven-bedroom house with one shower room is a nightmare. Don’t sacrifice comfort for more rooms.
Less is more
You may love the idea of pink and yellow in your living room right now, but it might not be everyone’s cup of tea. Opt for neutral colours when showing potential buyers around your house. You want to create a space that a stranger can imagine as their own space and can continue to live their life.
Let the sun shine in
It’s incredible the effect sunlight can have on a home. Invite more sunshine into you home by installing skylights and replacing walls with windows. Best option of all put down glazed floors and ceilings so that the light will bounce off your surfaces. For small areas, skylights will create maximum effect and be money well spent.
Make an entrance
An old trick of the trade – declutter your main entrance and make it into a feature. It’s the first thing a buyer sees, yet it is often cluttered with bikes, prams and trainers. Buy a couple of £10 mirrors and place them on either side to make the entrance appear bigger.
Written by: The Team | On: January 25, 2017