The property market is one of the best known ways to make money. Whether you’re looking to buy to let or actively buying properties for a quick turnover and sale. If you want to be successful then there are essential improvements and enhancements that can be made to a property.
Rooms and Space
One of the main factors an estate agent takes into consideration when valuing a property is the number of rooms there are. With this in mind, it is worth taking into consideration how to effectively make the best use of space. Large rooms can be divided to create two separate medium sized rooms. Building an extension is an obvious way to create a new room and add space, however it is important to make sure that you are fist making the best use of your property existing space, and any plans for an extension will add additional value that could not otherwise be gained.
Although not structural, the finish on the internal walls of a property go a long way to making it ascetically pleasing. Plastering walls and painting them neutral colours will make a property more appealing to potential buyers. It allows people to easily envisage there own decor. It is also worth remembering that buyers can be lazy and would often prefer to move in to a property that needs very little doing to it.
First impressions are very important in the property industry. If a potential buyer does not like the look of a property from the outside then there is a good chance that they will not even enter it. Regardless of whether a property has been renovated on the inside, poor brick work or old fashioned pebble dashing can decrease the value of a property. Rendering is a fast and effective way of ensuring that a property looks good from outside.
Many buyers will take into to consideration the energy efficiency score of a property. If a house has high energy bills it significantly reduce its value. External wall insulation is a great way of reducing energy bills, improving a properties energy efficiency score, and adding value to it. Simple and cost effective, external wall insulation can increase the value of a property by up to 15%.
Often overlooked, a property’s garden should be well kept and clear when looking to sell. Potential buyers may look at a garden as potential for an extension. Clearing the garden allows buyers to easily image what they could do with it were they to purchase your property.
The above are examples are cost effective changes that can be made to a property on order to increase its value. However there are numerous additional improvements that can be made.