Does your home have the perfect countryside location? Abounds of acreage to keep all the family happy, including the furry members? A good number of bedrooms so everyone has enough space? Well, you might just be in luck. Any of these assets can contribute greatly to the resale value of your house.
You might be thinking about selling your home, or are already adamant about making a move. Knowing your property’s resale value is an important factor to consider when you are doing any of these. It’s paramount to know what elements can add to the resale value of your house and whether it’s worth upping your game before putting your house on the market. Let’s explore these aspects and find out potential ways to increase your home’s resale value.
Location, Location, Location
The factor that is set in stone and out of your hands is usually a big deciding component when it comes to good resale value – location. Houses in a reputable area and close to city hubs naturally have a higher resale value. Things like good schools, a safe neighborhood and quiet streets are especially imperative for families. This is because the aesthetics can be altered but not the physical location. Just because an area is popular now doesn’t mean to say it won’t be in the future. You may choose to wait to sell your house if the area you’re in is up and coming. Or realize you do have a great location therefore your resale value is high right now.
Number of Bedrooms and Bathrooms
Families, families to-be, entertainers, and those who work from home are all inclined to want and need more bedrooms. The number of bedrooms is a vital factor in good house resale value. Those with lots of children or people who frequently have guests will need that extra room. It is also common for people to want a room converted to a study or workspace. With those extra family members comes a need for more bathrooms – nobody likes to queue! Having over three bedrooms and over one bathroom will significantly increase the resale value of your house. Some people won’t even consider looking at a house if it doesn’t have a specific number of bedrooms. Unlike location, you can do something about this. If one of your rooms is large and could be split into two it may be worth investigating whether the value will increase significantly on creating another room.
Land
Acreage plays a big part in many people’s choices for a home. If you have furry friends you will likely have a substantial amount of land to graze them on. Having a large amount of land also allows the potential for building extra houses or amenities should the buyer choose. If your house doesn’t possess the other resale points in this post, there’s still a chance your property will have good resale value due to its land size. As my Dad always said about land… “they aren’t making any more of it”.
Kitchen
The heart of the home! Arguably the most essential room as it’s the space that gets used at least three times a day. The kitchen is an important room, especially for families. Having a large, well thought out kitchen could add a huge amount of value to your house. For ways to increase your kitchen value, you can view this article here.
Extras
Additional features in your home can increase resale value quite a lot, especially in country areas where four-legged friends are vital members of the family. Additions like having a stable, an arena, grazing paddocks could be on the checklist for the buyer. Country home buyers usually need lots of space for gear. Therefore, other amenities like large storage space, a garage or a barn can up the resale value of your house.
Curb Appeal
First impressions are critical. What people see from the outside or street tends to leave a lasting memory. If your house looks good from the outside people are more likely to book a viewing, which could lead to a higher purchase price. A fresh lick of paint or a well-manicured lawn can make a world of difference for that first glance.
Overall Feel
The feeling you get from a house may be the make it or break it for potential buyers to affect resale value. Fortunately, this can easily be enhanced without too much of an outgoing cost. A positive feel which could significantly add to resale value can be made up of many factors including:
- Light – As humans, we’re attracted to sunlight it makes us feel good as well as providing us with Vitamin D. A light sunny space can make a world of difference in terms of feeling. If you already have lots of light spaces in your home you may find your resale value increases. If you have spaces that could be lightened up by extending windows or adding a skylight style window on your roof it could be worth installing. This small act could change the entire feel of a room.
- Flow – nobody wants a difficult to navigate home. Goodflow between spaces inside the house can enhance the overall feeling. It might require knocking down a wall or adding in some sliding doors but it could ultimately increase interest, therefore, increase resale value.
- Interior condition – things to consider on the inside such as paint, fittings, lights, curtains all seem like nuances but combined can transform the space. Everybody likes things fresh and consistent throughout the house. Consult an interior designer if you’d like help sprucing up the inside of your home. These small changes could add value that gives your home a good resale value.
It’s important to note these are just some elements that indicate whether your house has a good resale value. Selling at the right time, with the buyer being in the right place could mean you sell your property for more than expected. If you’re thinking of selling and would like some hints on how to prepare have a look at this article.
Ready to chat about your home’s value? Send me an email!