If you’re looking to sell this year, you might be looking for some home improvement tips to add extra value to your home before listing. It’s easy to become fearful of sinking money into a home improvement tip that might not increase the sale price.
Fortunately, research by an estate agent comparison website1 has revealed some of the best home improvement tips it believes you can do to have a good chance of a price boost.
1. Home/garden office
The rise of hybrid working has made home offices increasingly desirable. The research suggests that converting a spare bedroom into a purpose-made office or creating office space in the garden can provide a boost of about £9,500. At around £12,000, this can be a costly improvement but might add around 7.5% (roughly £21,500 for an average UK house) to your home’s market value.
2. Deep clean
A good old-fashioned clean is a very cheap home improvement tip to add value! For less than £1,000, you can make your house sparkle, and with an estimated 2.8% added to the market value of your home, a deep clean can be a great investment. Of course, if you take on the cleaning yourself, you could save even more!
3. Repaint and redecorate
This isn’t guaranteed to make money since colour schemes and home décor are highly subjective. However, the research claims that a good redecoration, for a cost of about £3,000, can add 3.1% to the property’s value, which means a profit of around £6,000 for an average-priced home. Focus on the rooms most in need of a freshen-up to minimise costs and maximise gains.
4. EPC improvements
Improving a lower-rated home’s Energy Performance Certificate (EPC) to at least a C rating will add about 3% to the market value. This won’t come cheap, though, with an estimated cost just over £6,000, leaving you with a possible profit of around £2,500. So, whether it is worthwhile will depend on your specific improvements and how far you can increase the rating.
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If you’re planning to sell your home or want to ensure your financial planning aligns with your goals, we can help.
Paul has over 20 years of experience in financial planning and services, Paul works with clients across East Sussex and Kent, including Bexhill, Hastings, Brighton, Tunbridge Wells, Lewes, Battle, Crowborough, Uckfield and beyond.
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1GetAgent.co.uk, 2023
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