Despite the socio-economic impact of coronavirus and the UK’s departure from the EU, estate agents Rightmove have revealed that the level of demand for housing on these shores has soared of late.
Incredibly, demand is now 34% higher than it was during the strong pre-lockdown market, with this representing huge growth over the course of barely 12 months.
With this in mind, now may be the ideal time to optimise the resale value of your home prior to putting it on the market. But what are the top home improvements that will help you to achieve this objective?
- Improve and Maintain Your Garden
In the wake of certain lockdown measures on these shores, people have been spending more and more time in their gardens. This is bound to impact on potential buyers when they view your home, so the improvement and maintenance of your garden space may prove highly beneficial.
Even renovating and landscaping your garden (which would cost approximately £4,500) can add approximately £4,000 to the value of your home, with this representing an 88% ROI overall.
On a fundamental level, even clearing and maintaining your garden can impress potential buyers, especially if this helps to optimise the sense of space and encourages individuals to imagine what they could do with your garden.
- Add Built-in Storage
If you own a new-build property or home that was constructed during the 1990s or sooner, you may have a small and relatively compact home that doesn’t feature huge amounts of storage.
This can be a significant stumbling block for buyers, particularly young families who tend to accumulate large amounts of clutter and require in-built storage throughout the property.
So, incorporating creative in-built storage ideas can add significant value to the appeal of your home, with the use of floor-to-ceiling units and fitted wardrobes offering practical solutions that also enable you to make the most of your floor space.
Just be careful about how much you spend on installing these options, as while a fitted wardrobe may appeal to buyers and increase your chances of selling, it may do little to inflate the purchase price of the property.
- Paint, Decorate and Utilise Neutral Colours
On a final note, we’d also recommend giving your home’s interior and exterior a lick of paint prior to hosting viewings.
What’s more, you should utilise neutral colours and tones such as cream and magnolia, as these shades help to open up the space and make rooms appear bigger than they actually are.
At the same time, neutral tones make it easier for buyers to imagine living in a particular property, as they can identify measures that enable them to stamp their mark on the interior.
So, even if you’re not a fan of neutral hues, it’s important to recognise their benefits and potential impact on the minds of buyers if you intend to sell your property quickly and efficiently.