Property: This simple change can boost value of your home by £30,000 post lockdown

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Before putting a property on the market, homeowners can make some changes to boost its value. Updating the home could potentially increase the selling price by £30,000, property experts explained.

The housing market was put on hold earlier this year as the coronavirus crisis led to a nationwide lockdown.

As restrictions ease, some Britons are looking to buy or sell a property.

The surge in demand meant that house prices in July hit a record high.

When selling a house, homeowners will want the process to be as simple as possible.

A group of estate agents worked with Admiral home insurance to explain the best way to sell a property for the best fee.

Declutter

The experts said: “It sounds obvious but general presentation of the home really is vital.

“It can be overwhelming for viewers if homes are very cluttered so try to keep the home minimalist, although it still needs to be homely and welcoming.

“The ideal you’re looking for is clutter-free and not too busy.”

It is also important to carry out any small repairs in the property to make it more appealing.

“Fix anything you can fix easily but that doesn’t mean replacing kitchens or bathrooms,” they added.

“If the ceiling paint is flaking, get it sorted because it can and does put people off.

“These are all things that viewers see that make them believe they’ll have to spend money. It’s nice for buyers to go into a property that’s been well looked after and loved.”

Renovations

If sellers are able to fork out a bit more, they could benefit from finding out what potential buyers in their area are looking for.

Making renovations to accommodate this could boost the value by thousands of pounds.

The experts continued: “With people being stuck indoors during lockdown, it has made them think about the space that they have or don’t have.

“There is an increased importance of garden space, so people are looking to update and increase their outdoor areas and access to the fresh air.

“There has been an increase in people building out-houses in the garden where everybody who used to work in offices is changing the way they now work.

“A reasonably sized brick-built outhouse could cost between £15,000 to £50,000 and will add value to your house.

“There have been some instances where a £5,000 investment has added an additional £20,000 to £30,000, which is roughly 10 percent of the property value.”

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