Resale Value: Making Financially Savvy Choices for Future Home Selling

House selling

Selling a house is always a difficult decision for a multitude of reasons. On one hand, it may be connected with the joy of moving to a new house. On the other hand, you most probably need to find a family that will be willing to buy your house, accepting your price without attempting to significantly lower its value. Before the process of selling your house, consider making a few financially savvy modifications to your house and increase the amount you would like to receive for your property for future home selling.

Build an extension to increase space 

One of the greatest issues lots of families need to face is the lack of space, both for storage or even for primary purposes, like eating together with their family, organising a movie night, or simply playing with their kids. 

It’s not so easy to rebuild the house that you are going to sell anyway, but building an extension can significantly increase its value, even up to 15%. Choose which room in the house needs renovation or expansion of the space, or swap the functions of the rooms. An extension is a perfect place for an open-plan kitchen connected to your living room, with a glass roof to increase the amount of daylight. 

If your house is suitable for a family with kids, think about building an extension that will serve as a playroom. Or how about transforming the extension into a winter garden, which will amaze the most demanding clients coming to your house? Consult a homebuyer financial adviser on how to invest wisely to prepare your house for future selling.

Parking Space

It might come as a surprise that selling a house with off-street parking could allow you to ask buyers for an additional £50,000. Given the challenge of finding parking in congested areas, a dedicated parking space can be considered one of the most significant advantages of a real estate property.

In the era of electric cars, the presence of electric vehicle charging facilities can further enhance the value of your property. As electric cars gain popularity, homeowners increasingly desire such amenities.

Renovate and refurbish the rooms

One of the most costly renovations at home is in the kitchen and bathroom, due to the cost of tiles, equipment, and furniture. These two rooms are also the most assessed ones by buyers, as they are aware of the awaiting responsibilities in case they don’t like the decor or furniture. 

Start with replacing outdated appliances with modern and more ecological ones, and get rid of stained tiles to create a modern and stylish look. A full refurbishment of the kitchen is assessed for a £15,000 increase in your home value, while the bathroom can add up by 3 to 5%.

A garden as a home oasis 

Focusing on the interior of the house cannot let you forget about the exterior. According to the survey by the Times, the value of the house can be increased by 2 to 3% by the work you do in the garden. 

Start with simply cleaning it up, removing unnecessary and broken things, sweeping the leaves, and getting rid of old plants. Mow the grass, trim the bushes, and make your garden look neat and well-kept. Look at your door and the front of your house in the eyes of the potential buyer. Do they look attractive, or the person will feel negative about the house in the few first seconds in front of your property?

If there is a patio, think about creating a cosy sitting place there, with chairs, pillows, pot plants, and lots of candles around.

Resale Value: Making Financially Savvy Choices for Future Home Selling

Selling a house is always a difficult decision for a multitude of reasons. On one hand, it may be connected with the joy of moving to a new house. On the other hand, you most probably need to find a family that will be willing to buy your house, accepting your price without attempting to significantly lower its value. Before the process of selling your house, consider making a few financially savvy modifications to your house and increase the amount you would like to receive for your property for future home selling.

Build an extension to increase space 

One of the greatest issues lots of families need to face is the lack of space, both for storage or even for primary purposes, like eating together with their family, organising a movie night, or simply playing with their kids. 

It’s not so easy to rebuild the house that you are going to sell anyway, but building an extension can significantly increase its value, even up to 15%. Choose which room in the house needs renovation or expansion of the space, or swap the functions of the rooms. An extension is a perfect place for an open-plan kitchen connected to your living room, with a glass roof to increase the amount of daylight. 

If your house is suitable for a family with kids, think about building an extension that will serve as a playroom. Or how about transforming the extension into a winter garden, which will amaze the most demanding clients coming to your house? Consult a homebuyer financial adviser on how to invest wisely to prepare your house for future selling.

Parking Space

It might come as a surprise that selling a house with off-street parking could allow you to ask buyers for an additional £50,000. Given the challenge of finding parking in congested areas, a dedicated parking space can be considered one of the most significant advantages of a real estate property.

In the era of electric cars, the presence of electric vehicle charging facilities can further enhance the value of your property. As electric cars gain popularity, homeowners increasingly desire such amenities.

Renovate and refurbish the rooms

One of the most costly renovations at home is in the kitchen and bathroom, due to the cost of tiles, equipment, and furniture. These two rooms are also the most assessed ones by buyers, as they are aware of the awaiting responsibilities in case they don’t like the decor or furniture. 

Start with replacing outdated appliances with modern and more ecological ones, and get rid of stained tiles to create a modern and stylish look. A full refurbishment of the kitchen is assessed for a £15,000 increase in your home value, while the bathroom can add up by 3 to 5%.

A garden as a home oasis 

Focusing on the interior of the house cannot let you forget about the exterior. According to the survey by the Times, the value of the house can be increased by 2 to 3% by the work you do in the garden. 

Start with simply cleaning it up, removing unnecessary and broken things, sweeping the leaves, and getting rid of old plants. Mow the grass, trim the bushes, and make your garden look neat and well-kept. Look at your door and the front of your house in the eyes of the potential buyer. Do they look attractive, or the person will feel negative about the house in the few first seconds in front of your property?

If there is a patio, think about creating a cosy sitting place there, with chairs, pillows, pot plants, and lots of candles around. 

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The views expressed in this article are those of the authors and do not necessarily reflect the views or policies of The World Financial Review.