Gas boiler ban: Experts discuss the impact on selling homes
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Selling a property that homeowners have lived in for a long time can seem like a daunting task. However, there could be a way to speed up the process while adding value to the home. Estate agents at Yopa have shared their top tips for adding thousands of pounds to a property in order to make the selling process much faster.
Here are five ways to add £40,000 to the value of a property
Make home energy efficient
According to Halifax, properties with the highest energy rating are worth an average of £40,000 than those with the lowest rating.
Even C-rated homes are worth over £5,000 more than the next step down on the energy efficiency scale, D-rated homes.
Buyers are keen on energy efficiency in itself, and not just because it could reduce their energy bills.
In the same survey, two thirds of adults said they would be proud to own an energy efficient home.
So before potential sellers go on the market, they should see if there are any changes they can make to get their energy rating up and make their home more appealing to buyers.
Adding a layer of roof insulation, for example, costs around £300 for the average semi-detached house, and as well as being greener, will save potential buyers around £750 in bills over the next five years.
Install quality broadband
Research shows that a huge 28 percent are willing to pay more for a home with good internet access.
In even more surprising news, 71 percent of buyers would turn down a home that they otherwise loved if they knew the broadband wouldn’t be up to scratch.
It makes sense – after all, there are still many people continuing to work from home and everything from shopping to watching the latest films rely on the speed of the internet connection.
Homeowners should take a look at their broadband speed, and check what other suppliers can give as the maximum speed.
Even if Britons are not willing to change suppliers, it can be handy to have this information on hand to assure buyers that their needs will be met when they move in.
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Add property value from driveways
Amazingly, adding a new driveway to a home could increase its value by up to 10 percent.
If a driveway is extremely old or just consists of grass, adding a paved driveway will make it far more enticing to buyers. Of course, the more cars that can fit onto a driveway, the more appealing it will be.
The average UK house price currently stands at £276,759, so a driveway could add an extra £27,675.90 on your sale.
But what material should homeowners go for?
Block paving will last a lifetime if it’s properly maintained, and a couple of decades even if it isn’t.
If Britons aren’t up for the work, cheaper and easier options include gravel, which just needs to be de-weeded every now and then and can be maintained with a rake.
Maximise garden appeal
Homeowners should make the most out of their gardens to add up to 10 percent more value to their home.
A good way to do this is to maximise the appearance of space.
Use mirrors in a closed-off courtyard, get clever with layering plants, and clear the rubbish away from the end of the lawn to show buyers how much space there is.
The more scarce garden space homeowners have, the more effect tidying up will have.
In London and other big cities, where outdoor space is at a premium, making a garden stand out from the competition can really add to the demand for a home.
Apply for planning permission (even if not needed)
If a home has the potential for an extension, but it’s not something homeowners want to do themselves, it shows buyers that a home is ready to maximise with a planning permission approval.
Britons will need to spend a little on having designs drawn up and getting a survey, but it’s a great way to reassure buyers that planning permission for their own extension is likely.
Potential buyers will know that they’re choosing a home with upsizing potential, and in return, the value of the property could be up to 10 percent more.
Before adding value to a home, homeowners should find out how much it’s currently worth with a free valuation from an estate agent.
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