Anyone that owns a property wants to make the most out of it during the time they’re there. Whether it’s your first property or you’re forever home, there are things you can do to make sure it retains its healthy appearance, whilst boosting its value in different ways. Looking after your home is important, so it’s good to spend time on it where you can. Here are some tips to make the most out of your property.
Build Extensions Where Possible
Extensions are a great way of adding value to your property, and the more you can do, the better. Not all properties have the available space, which is why when you’re looking for a home, you look at the potential to build more on. That’s going to help really build on your property’s value so that when you come to sell it, you’ll hopefully get more than what you paid for. Building an extension isn’t easy, and so it’s important to do a lot of planning to ensure it’s successful. First, you’re going to want to find out how much you have available to do renovation and extension work. Being able to budget can be very handy to ensure it all gets done for the amount you are prepared to pay. The last thing you want is to pay too much and for it not to worth the expenditure in terms of added property value.
Extensions take time and so it’s worth having a timeline and ideal deadline in place so that everything goes as according to plan as possible. Delays and problems may occur, so it’s important to be aware of this and the impact it could cause to your daily lifestyle and the home itself.
Pay Attention To Your Garden
Unless you’re a fan of gardening, dealing with your garden can be a bit of a time-consuming job that may not seem necessary to you. However, one of the main selling points to a home is the outside and exterior of the property. If you’re not looking after it or paying much attention to it at all, then you’re going to be missing out on those potential buyers who may have put an offer in otherwise. It’s also nice to just spend more time outdoors with the rest of your family. That’s something that we can miss out on if we’re not spending time on our garden. Give it a little facelift every now and then, whether it’s pulling out the dead plants and replacing them, to installing a decking area. There is so much that you can change and do up when it comes to your garden that it’s a shame to leave it neglected by any means.
Don’t Neglect It
It’s important not to neglect your property, but in reality, it can be easily done. This can be by not cleaning it regularly and letting things get damaged but not going about to fix them quickly. You need to see your property as your home but also an investment. And with both a home and an investment, you want to look after them properly so that you can continue to enjoy the benefits of both. Coming home to a messy property or one that’s falling apart is not going to be good for you and your household to enjoy. From an investment point of view, you’re going to be spending more money on it, and that can result in you losing out when it comes to selling. Yes, it’s good to spent money on investing in your property, but if you end up spending a lot of money on replacing appliances, that’s not going to do much for the value of your home if you come to sell it.
Consider Equity Release
There may come a time in your life where you consider equity release. This is basically where you take a cash sum out of your home’s value, which then allows you to free up some money as and when you need it. This could be important things like purchasing another home or perhaps paying for your child’s university fees. There are many opportunities in life where you might need greater sums of money in order to benefit those you love in life and to also treat yourself in the process. A lot of people will end up doing this as they get older, and it’s definitely worth considering if you feel like it could be beneficial for you right now. It might not be something you do right now, but it’s certainly worth doing further down the line when you might want to boost your retirement funds or help pay towards something significant in life.
Update Every So Often
As well as extensions, it’s also worth considering things like renovations and revamps to existing rooms. There will come the point where certain trends and styles will get outdated, but there’s also usual wear and tear that can make a property feel dated. With that in mind, it’s definitely worth updating your property every so often if you have the budget available. The kitchen and bathroom are usually two areas that tend to be the most affected when it comes to general wear and tear. You don’t necessarily need to pull the whole bathroom apart, but you can consider pinpointing certain areas of the room or furniture that require your attention. Simply painting some cabinets or replacing handles can be enough to transform it into something that looks like you’ve spent thousands on it.
Again, it’s worth setting a budget, so you know exactly how much you have available to spend, and that way, you can get the most out of what’s available to create the finished look your after. Typically a renovation of a space should last you a couple of decades if it’s looked after with plenty of care and attention. The reason why things get damaged is due to lack of care towards belongings, so try to look after your home, especially in those rooms that have had the renovations done recently.
When You Sell, Dress It Well
If you do end up selling it, it’s good to make sure that it looks the part. Your home is something that is decorated to suit your standards and preferences. However, when it comes to your property selling to potential buyers, you need to dress it with your ideal buyer in mind. That means, it’s good to make a few changes to perhaps the layout of the rooms if they’re not displayed for its original intention. It’s also a good idea to look at fixing anything that needs fixing before you put it on for sale. This is because most buyers won’t want to move into a property that’s going to cost them a lot to fix unless they’re in the market to do so. Dress it well because you’ll likely get the highest return if you’re spending time on it beforehand to make it look the part.
Making the most out of your property is certainly important, and there’s plenty of ways that you can benefit from doing up your property. The main points to take from this is to take good care of your home. Do renovations and extensions where possible to improve its value, and when it comes to selling or drawing money from the property, equity release is available. Be sure to sell your property by displaying it how the potential buyer would have it.