What Increases Real Estate Value?

While there’s no single answer to the question, “What increases real estate value?” several factors can affect a property’s value, each of which you need to assess before considering a purchase, a flip, or an upgrade.

1. Location, location, location – it really is everything when it comes to real estate value. If your home is situated in a desirable neighborhood or close to key amenities, its value will be automatically increased.

2. Curb appeal goes a long way – first impressions count for a lot, so make sure your home looks its best from the street. This can be achieved by ensuring your lawn is neatly trimmed, your gardens are well-tended and your paintwork is in good condition.

3. Size matters – generally speaking, bigger homes will be worth more than smaller ones. So if you’re looking to add value to your property, consider extending or renovating to create additional living space.

4. The right fixtures and fittings – top-quality fixtures and fittings can make a big difference to a home’s value. Invest in quality kitchen and bathroom fittings, flooring and other features that will appeal to buyers.

5. A well-designed layout – an attractive, functional layout is always going to be a selling point for potential buyers. If your home is cramped or poorly designed, this could negatively impact its value.

6. Good condition – as with any asset, a property in good condition will be worth more than one that’s in need of repair. Make sure your home is well-maintained and up-to-date, and carry out any necessary repairs or renovations before putting it on the market.

7. Energy efficiency – with energy costs on the rise, more and more buyers are looking for homes that are energy efficient. Making your property more energy efficient will not only make it more valuable, but can also help to reduce your running costs.

If you want advice on increasing the value of your property, or want to discuss its potential, contact us for a professional and thorough consultation. Want more information on homeownership?