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How To Achieve Higher Property Valuation Figures

Aug 14, 2008
Whenever selling property it is vital to have an accurate valuation in order to arrive at a realistic, yet profitable asking price. There however ways to make your property more appealing to buyers that will fundamentally increase the value. Whether the property is undergoing a valuation by an experienced surveyor or estate agent the following advice will increase the eventual figure. It may require an investment of time and money but ultimately will be a worthwhile pursuit.

The most important room in any house, flat or apartment is the kitchen. The majority of buyers want to see a modern, contemporarily styled kitchen that is spacious and well laid out. A kitchen that has wide expanses of worktops and cupboard space will increase the valuation figure. Additionally the materials used in the construction of the kitchen are important; for instance, most buyers like to see a kitchen built from quality materials such as solid wood and stone. As well as the materials, having modern appliances in the kitchen, even if you are intending to take some of them with you when moving will increase the appeal to buyers. Most experts agree that a window over the sink is a strong selling point that will increase the valuation but if this is not possible, having a light and airy space will suffice.

The second most important room in any valuation of your property is the bathroom. Like the kitchen, buyers want to see a well designed and spacious bathroom. The modern trend is to have large bathrooms, with large luxurious showers and where space is permitting, areas to sit and lounge. The bathroom is no longer a place to purely wash; today it is a space to be shared, much like a spa. If you are planning to invest in a powerful shower it is important to ensure your plumbing system can cope with the load, after all if the buyer has to further invest in a new high pressure system after purchasing the property, the valuation will most likely reflect this cost. The majority of experts agree that if any room is worth serious investment, the bathroom is a good place to start.

After the bathroom and kitchen property experts mainly put the master bedroom in third spot. While this may vary as some buyers will want a spacious lounge or large children's bedrooms, the majority like to see a master bedroom that is well appointed in the property. Adding an en suite bathroom can also be a powerful selling point that will add to the valuation figure. Space is a vital concern, as is having enough wardrobe space in order to keep a clean and minimalist look. If you consider the bathroom and kitchen too expensive to renovate, clever use of furniture in the master bedroom can entice some buyers.

As previously stated when renovating a property to achieve a higher valuation the materials you use are vitally important. Natural materials are extremely in vogue at the moment and will appeal to many buyers. These types of materials can however be expensive; for a money saving alternative the clever use of substitute materials can create the same sort of effect as natural materials. As well as wood and stone, any carpeted areas should have high quality, nearly new carpet. Old carpets will reduce the valuation figure as the buyer will have to re-carpet the entire property at great expense. Laminate floorings are a cheaper alternative although the quality of the laminate should once again, be high.

Hopefully this advice to assist your renovations should result in higher valuation figures. Ultimately your objective is to appeal to buyers as well as the agents. Fundamentally they are one in the same; if you can appeal to the prospective buyers with a great kitchen, bathroom and master bedroom you will be able to market the property for a higher price. It may require a personal and financial investment, but ultimately this investment will reap rewards.
About the Author
Real estate expert Thomas Pretty looks into ways to increase a property valuation with the clever use of renovations.
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