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Looking for ways to spruce up your home without putting yourself in the doghouse? Whether you’re getting ready to sell your home or want to spiff it up inexpensively for your own enjoyment, we’ve got 10 good strategies for you to consider.

Photo source: Pexels.com http://bit.ly/2Dp89Wq

The actual cost and payback for each project can vary, depending on both your home’s condition and overall real estate market values in your region of the country.

  1. Make your kitchen really cook.

The kitchen is still considered the heart of the home. Potential home buyers make a beeline for this room when they first view a home for sale, so make sure your kitchen looks clean and reasonably updated. For a few hundred pounds, you can replace the kitchen faucet set, add new cabinet door handles and update old lighting fixtures with brighter, more energy-efficient ones. If you’ve got a slightly larger budget, you can give the cabinets themselves a makeover. Rather than spring for a whole new cabinet system, which can be expensive, look into hiring a refacing company, many companies can remove cabinet doors and drawers, refinish the cabinet boxes and then add brand-new doors and drawers. With a fresh coat of paint over the whole set, your cabinets will look like new.

 

  1. Buff up the bath.

Next to the kitchen, bathrooms are often the most important rooms to update. They, too, can be improved without a lot of cash. Even simple things like a new toilet seat and a pedestal sink are easy for homeowners to install, and they make a big difference in the look of the bath. If your tub and shower are looking dingy, consider re-grouting the tile and replacing any chipped tiles. A more complete cover-up is a prefabricated tub and shower surround. These one-piece units may require professional installation but can still be cheaper than paying to re-tile walls and refinish a worn tub.

 

  1. Step up your storage.

Old houses, particularly, are notorious for their lack of closet space. If you have cramped storage areas, add do-it-yourself wire and laminate closet systems to bedrooms, pantries and entry closets. In the end, your closets will be more functional while you’re living in the house and will make your home look more customized to potential buyers when you’re ready to sell.

 

  1. Add a room in a week or less.

If you have a three-bedroom house with a den, the only reason the den can’t be considered a bedroom may be because it doesn’t have a closet. If you add a closet to that room, you’ve now got a four-bedroom house. That adds a lot of value.

 

  1. Mind the mechanics.

It’s often very worthwhile to hire an electrician and plumber for a couple of hours to look over your electrical services, wrap or fix loose wires, fix any faulty outlets, and check for and fix any water leaks, those details tell a buyer that someone has really taken care of the home and can really influence its price.

 

  1. Look underfoot.

Carpeting is another detail that can quickly update a home and make it look cleaner. A professional carpet cleaning is an inexpensive investment, especially if your rugs are in good shape and are neutral colours. If your carpet is showing serious wear, cover it with inexpensive, strategically placed area rugs. Unless it is truly hideous, most real estate agents don’t suggest replacing wall-to-wall carpeting right before you sell your house. The new homeowners may want to choose their own carpeting after they move in.

 

  1. Let there be light.

If you have boring recessed lights in your dining and living rooms, consider replacing one of the room’s lights with an eye-catching chandelier. Home stores offer a wide range of inexpensive, but nice-looking, ceiling fixtures these days.

 

  1. Reframe your entry.

Do you have a flimsy little knob on your main entry door? If so, spring for a substantial-looking handle-and-lock set. A nice, big piece of hardware on the front door signals to newcomers that this is a solid home.

 

  1. Consider curb appeal.

Although it sounds obvious, a nicely mowed lawn, a few well-placed shrubs and a swept driveway makes a great first impression. What buyers see when they first drive by your home is tremendously important. If you don’t have a green thumb, consider hiring a landscaper to install some new sod, plant a few evergreen shrubs and give your front yard a good cleanup. These kinds of changes can instantly change people’s perception of your home and, therefore, increase its value.

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Photo source: Property Reporter http://bit.ly/2ib8ZBf

We seem to get a lot of feedback about the property market on the regional level. London scores are getting lower and this causes an overall draw effect on the UK property market. All in all, the impression is that the market is definitely resilient to political uncertainty.

Details and some interesting point of view in the article on Property Reporter.

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Viewings are the biggest problem when trying to sell a house. Possible buyers seem to notice everything from corners infiltrated with water to dust on shelves. Even over-crowded spaces like a kitchen with an island might leave them with a wrong impression about a house – that it is anything but spacious.

The good news is that there are a couple of things you can do to get a good grade for the viewing. Just make a list of things you need to improve.

The easiest way to make the “to fix” list is by having a friend (or friends) over! Their visit and their critical opinions is exactly what you need to see your house from an external point of view. The critical the eye of the beholder, the better for you. It will make you get a better picture of what to fix.

  1. Create as much open space you can. Remove the kitchen island or get rid of all the furniture you do not need. As a buyer, when you see an open and clean space you get ideas about how to personalize it and it will get you closer to sealing the deal.
  2. Mow the lawn and take care of the garden. You might not be living there, but the viewer must see the place as inhabitable. If the house has a garden, it will create the first impression and it should be welcoming to any visitor. Make sure the landscaping has been taken care of and you should see the result in the selling price.
  3. Add more light. Light bulbs should be completely functional, windows should allow all the light to get in, and motion detectors to switch on the light in some areas create a good impression. But be careful! Light goes hand-in-hand only with a very clean house.
  4. Paint and re-paint. A fresh layer of paint over counter-tops or re-painting the stairs will add to the overall sensation of tidiness and freshness. Having everything repainted is even more important for old style houses.
  5. Fresh air. What do you notice first when you walk into a house? The smell inside, most probably. To prepare for a viewing, the house should be as ventilated and smell as fresh as possible. In order to eliminate any odor sources, you should try: cleaning the carpets, keeping the windows open for as long as possible, use light chemicals to clean the entire house.

Have these things in mind when preparing the property for a viewing. They are easy to do and add extra points to the overall impression of the house.

Sources:

Brokers Tell All: 10 Ways to Boost House Value

10 Steps to Boost Your Home Value

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Property owners in one in three areas in UK areas earn more from owning their home than they do from their work, new research has found.

Overall house prices outpace owners’ earnings in 119 areas and 17% of all local areas have seen average house prices increase by more than total average pay, according to a study from home lender the Halifax.

Average house prices have increased by more than total average employees’ net earnings in 31% of local authority districts in the past two years and the proportion of areas where house prices are outpacing earnings over the last two years has edged up from 28% in 2015.

More than nine out of 10 are in London, the South East, South West and the East of England with these four regions accounting for 111 of the 119 or 93% of areas.

The biggest gap between rising property values and earnings was in Haringey in London. House prices in the borough increased by an average of £139,803 over the last two years, exceeding average take home earnings in the area of £48,353 over the same period, a difference of £91,450, equivalent to £3,810 per month.

Haringey is followed by Harrow in north London with a price growth to earnings difference of £77,791, St Albans at £72,990 and Waltham Forest at £63,646. In total, six London boroughs appear in the top 10 districts, including Newham at £63,583, Redbridge at £56,528 and Hounslow at £54,569.

‘Buoyancy in the housing market over the past two to five years has resulted in homes increasing in value by more than total take home earnings for the average homeowner in many areas, though mostly in southern England,’ said Martin Ellis, housing economist at the Halifax.

‘While it’s no longer unusual for houses to earn more than the people living in them in some places, there are clearly local impacts. Home owners in these areas can build up large levels of equity quickly, but for potential buyers whose wages have failed to keep pace, the cost of buying a home has become more unaffordable during that time,’ he explained.

Four areas have recorded a differential of over £100,000 over the past five years. The greatest was again Haringey, where average property prices have increased by £242,121, surpassing average take home pay during the period by £124,300. Then Harrow at £115,522, Waltham Forest at £105,195 and Three Rivers at £101,082 with nine of the top 10 performers in London.

 

Source: http://www.propertywire.com/news/uk/research-reveals-much-home-earns-owner/?utm_source=Property+Wire+News&utm_campaign=016843e7c3-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_cb0fe1dd73-016843e7c3-108361813&goal=0_cb0fe1dd73-016843e7c3-108361813 

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