When it comes to increasing the value of your home, the general advice is to focus on expanding living space, adding bathrooms, and completing major repairs. But how do these strategies play out in reality? To gain some insight, I recently spoke with Harriet Collins, a seasoned real estate consultant with over a decade of experience in the property market. Harriet’s insights could prove invaluable for anyone looking to enhance their property’s value.
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Harriet greeted me warmly in her office, a space that exuded both comfort and professionalism. As we settled in, she shared how she often finds herself advising clients on how to increase their property’s worth. “It’s about understanding what potential buyers value most,” she began, her voice steady with experience.
Expanding Living Space
“One of the most impactful ways to add value to a home is by increasing its livable area,” Harriet explained. “Buyers are always looking for space, whether it’s for a growing family or simply to have more room to entertain.” She described a project she recently consulted on where the owners opted to convert their attic into a functional space. “It wasn’t just about adding square footage; it was about creating a room that could serve multiple purposes—be it an office, a guest room, or a play area.”
Harriet emphasised that while these projects can be costly, the return on investment is typically significant. “Prospective buyers often see this as a major plus, and it can lead to a higher selling price,” she noted.
The Power of an Extra Bathroom
Adding a bathroom was another key point of discussion. Harriet chuckled as she recalled a client who initially balked at the suggestion. “They were sceptical about the cost versus the benefit,” she explained. “But after seeing how much smoother the morning rush became in their own family, they were convinced.”
She elaborated on how an additional bathroom can alleviate the bottleneck in households, especially those with kids. “It’s a practical addition that speaks volumes to buyers. It’s a feature that can differentiate your home from others on the market.”
Major Repairs and Finishing Touches
Harriet also highlighted the importance of completing major repairs and finishing any work-in-progress. “It’s about showing buyers that your home has been well cared for,” she said. “A leaking roof or an unfinished basement can be a red flag, potentially driving buyers away.”
She recounted a story of a couple who were struggling to sell their home because of a few unfinished projects. “They had started a kitchen renovation but ran out of steam halfway through. It was a beautiful home, but buyers couldn’t see past the mess.” Once the kitchen was completed, they received multiple offers above their asking price. “Sometimes, it’s these final touches that seal the deal,” Harriet added.
Market Trends and Personalisation
As our conversation drew to a close, Harriet touched on the importance of staying informed about market trends. “What works in one area might not be as effective in another,” she pointed out. “It’s essential to understand your local market and what potential buyers are looking for.”
She advised homeowners to strike a balance between personalisation and broader appeal. “While you want your home to reflect your personality, remember that overly personalised features can sometimes deter buyers.”
Harriet’s insights were both enlightening and practical, offering a roadmap for homeowners looking to increase the value of their properties. Her advice underscored the importance of strategic investments in home improvements, ones that not only enhance living conditions but also attract prospective buyers.
As I left her office, it was clear that Harriet’s expertise could help guide homeowners through the often daunting task of home improvement. Her stories and advice were a testament to the fact that with the right approach, increasing your home’s value is an achievable goal.
Salena Ripley
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