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If you are planning on moving up the property ladder anytime in the next year or two, you will probably want to get on with maximizing the value of your current property. Hopefully, when you bought your existing home you will have got it for a bargain price. If house prices have moved in your favor, then you may well make a good return on your investment when it comes to selling up. However, in many cases, the value of your home may not move in the right direction in comparison to the amount you paid for it. This could leave you in negative equity, and this can cause you considerable headaches, especially if you wanted to unlock the value of your current home to invest in something bigger or better.
There are ways that you can add value to your existing property so that you will be able to move on with extra money to put towards your next home. You may need to invest in some improvements, but before you start spending out considerable sums, you will need to find out the current value of your home, as well as hypothetical values after certain changes have been made.
Start With Curb Appeal
When it comes to selling up, the phrase that you will hear thrown around the most is ‘curb appeal’. Making your home look amazing will attract buyers, and first impressions count. So, with that in mind, get your exteriors up to scratch first.
There are many easy fixes here, painting walls and window frames are one relatively cheap job. Getting your gutters cleared, and tiles replaced will help. And working on your garden will also help to make your home more appealing.
If you are looking for quick effective landscaping wins for your garden, layer your beds with mulch from Edrich Lumber, Inc., get your lawn straightened, leveled, and keep it in trim. Plant a few bushes and easy to keep evergreens that provide color and texture to your garden.
When it comes to the interiors of your home, the aim of the game is to create space and light. These are two of the major things that potential buyers will be looking for. Box up any of your possessions that you don’t need at the moment, and put them into storage along with any furniture that you can live without. Then, paint all of your walls white and replace any heavy curtains with some simple roller blinds. This will help to make your rooms look much bigger.
If you want to add considerable amounts of value to your home you may want to look at getting an attic or basement conversion, or extending your property, These are costly outlays, so only do these if you know that you will be able to generate enough profit from carrying the work out. Keep in mind that you may need planning permission for some alterations, so plan well in advance as obtaining this may take time.