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The builders renovate houses in Torquay, Devon.

The Five Hacks to Increase Property Value

Written by: The Builders | Posted on: | Category: Renovation | renovation home improvements

If you are a property investor, you know that there are various ways to increase the value of a property. Five hacks that can drastically increase the value of a property without spending a lot of money. Go to the article page for more info.

The Importance of Spending Wisely Before we dive into the hacks, Samuel emphasizes that it is crucial to spend money wisely when trying to increase the value of a property. Spending a pound should not only increase the value by a pound, but by three pounds or more.

1 Increase Energy Efficiency Energy Performance Certificates (EPC) rate the energy efficiency of a property. If a property has an EPC rating higher than D, it cannot be rented out. Therefore, increasing the property's energy efficiency can increase its value. The simplest way to increase energy efficiency is by double glazing windows and insulating walls. The UK government is currently giving grants to landlords and homeowners to increase energy efficiency, so it is worth exploring that option.

2 Fix Running Hot Water Properties without running hot water are considered unmortgageable, making them hard to sell. Fixing this issue can drastically increase a property's value.

3 Improve the Layout A property with a poor layout can put buyers off. Small adjustments, like removing walls, can make a big difference in the property's perceived value.

4 Update Kitchens and Bathrooms Kitchens and bathrooms are critical selling points for most properties. By updating them, you can increase the value of the property significantly.

5 Add Square Footage Adding square footage to a property is the most expensive hack on the list, but it can also be the most effective. Adding an extension, a loft conversion or a conservatory can significantly increase the property's value, especially if it adds an extra bedroom or bathroom.

These five hacks can help you increase the value of a property without spending too much money. Remember, always spend money wisely, and only invest in properties that can yield a high return on investment.