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Five Ways To Increase The Value Of Your Property

May 27, 2008
Valuations of your property can vary immensely and while you may think your house is worth a fortune, the stark reality may be different. There are ways however to improve the valuations made of your property through investment and renovation. While the outlay may in fact be expensive, it is possible that home improvements could considerably improve the figures you are given after various valuations have taken place. So for those looking to increase the value of their home, here are five ways in which to carry out the task.

Your first method to improve the valuations made of your home is to improve your kitchen. The current market trend is for large kitchens with a great deal of workspace. Even if your property does not have a large kitchen, your valuations will be increased by replacing worktops and counters and laying quality flooring. By doing this it shows the buyer that these items will not have to be replaced anytime soon, subsequently improving the valuations you will receive. An oft used method of increasing value and attractiveness is to place a window above the sink but you should remember that any renovations should fit with the rest of your home, keeping it all related is of vital importance.

Another room that is of vital importance to the valuations made of your property is the bathroom. Currently, a contemporary bathroom can be considered one of the strongest selling points. Installing a large spa or whirlpool bath can be a great asset as is the inclusion of double sinks. More recently, the shower has become an important feature, steam showers with multiple heads are exceptionally popular, and seemingly luxury is the key to creating a great bathroom. It is important to realise however that this could cost a lot, these types of showers require good boilers and pipe systems, if you have to upgrade everything it can cost a fortune. It is worth updating a bathroom but a total revamp must be weighed against how much it will increase the valuations made of your home.

If you have the space, a master suite is essential. Using the space to create a lounging area, walk in wardrobe and an ample en-suite is essential. The master bedroom can be one of the strongest elements in the value of your home as buyers are normally looking for luxury.

When you are renovating to increase the figure of valuations it is essential to use natural materials. The current property climate places great emphasis on quality materials such as hardwood and stone. This does not have to cost a fortune however; it is possible to use synthetic simulated material to achieve the same look. By using quality materials, the buyer will not feel they will have to replace anything when they move in.

A phrase bandied around in the property industry is 'curb appeal', put simply this is how the exterior of the house looks. A clean exterior can increase the valuations made considerably, some estimates have it as five to ten percent of the eventual selling price. So ensure your exterior is well maintained and in general presentable.

While this is in no way a complete list of ways to increase the value of your property, not covering factors such as the windows, space or storage, it still gives you an idea of the most important selling points of a house. While it may take some investment to improve these rooms, by balancing the money you spend against the potential gains, you should be able to make the most of your home's best features.
About the Author
Real estate expert Thomas Pretty looks into methods to increase the property valuations of your home by improving certain rooms.
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