SELLING a house is no easy feat, with one avocado bathroom suite or woodchip wall sending buyers running for the hills.
However, there are some very simple changes you can make that could add up to £154,000 to your property – and they cost as little as £20 to do.
Property experts, My Pay Weekly, have uncovered 8 simple ways to boost your house value for only 15% of the price.
Sean Jobson, home improvement expert at My Pay Weekly, says: “The great news for those who have invested time in home improvement over the last year in lockdown is that they may have actually increased the value of their house, and made themselves a good profit when they come to sell their property.
“Our research shows that even those smaller DIY projects could see you thousands of pounds up.”
The UK’s average house price is currently £249,309 and the figures shown are calculated using this figure.
PAINT THE EXTERIOR WALLS
Value Increase: 25% = £62,327
Cost: £850
According to new research from Dulux, UK homeowners who give the exterior of their property a new lick of paint can increase its perceived value by a quarter.
That means a potential £62k increase to the value of your house for the cost of £850.
OPT FOR A BLUE FRONT DOOR
Value Increase: 1.6% = £4,000
Cost: £20
Did you know that blue is the most valuable front door? In fact, a blue front door can add a whopping £4,000 to your house value!
You can pick yourself up a tub of paint for the door at £20-30 at your local DIY store. What a bargain investment!
FRESHEN INTERIOR WALLS
Value Increase: 3% = £7,479
Cost: £140
A fresh coat of paint on the walls can actually add 1-3% according to HomeAdvisor. The average UK home has 5.2 rooms, and according to Dulux, you will need about 5 litres of paint to cover all walls in a medium-sized room.
This means the 26 litres of paint you will need will set you back around £140. Not too bad for a profit of over £7k.
UPDATE YOUR BATHROOM
Value Increase: 2.8% = £6,981
Cost: £100
According to NetHousePrices, new bathroom features such as taps, showerheads and towel rails can add £7,000 (2.8%) to your house’s value and can be bought for less than £100.
ADD A BATHROOM
Value Increase: 9% = £22,438
Cost: £7,000
If you have the space for a new bathroom then this is a project well worth your time.
A report from Nationwide states that adding a second bathroom can add between 5-9% to the value of your home and it should only cost you £7,000, meaning over £15k profit.
REPLACE OLD CARPETS
Value Increase: 2.4% = £6,000
Cost: £4,000
Zopa’s index, reveals the average cost to replace your carpets in the UK is £4,000 and renewing yours could add £6,000 to your home!
Carpets don’t have to cost an arm and a leg anymore either as you can now get most of your interior furnishings on finance and pay weekly schemes.
ENERGY SAVING FEATURES
Value Increase: 14% = £34,903
Cost: £6,380
According to a GOV.UK, based on research by the Department of Energy and Climate Change, making energy-saving improvements to your property could increase its value by 14% on average.
Research showed us that a new boiler installation will set you back £2000, a smart thermostat £280, new light fittings £100, secondary glazing £2500, and boarding and insulating your loft will cost £1500.
NEW KITCHEN
Value Increase: 4% = £9,972
Cost: £5,000
The Royal Institute of Chartered Surveyors claims that a new kitchen may boost a house valuation by around 4%.
With kitchen units ranging from £1k all the way up to £25k these days, it is hard to say how much your kitchen renovation will cost.
But according to research a new kitchen in the UK will cost you £5000 on average. Stick to that average kitchen price and you will see a 99.4% return on investment.
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