Making a profit when it comes to buying and selling a property doesn’t have to be a massive job, in fact, there are some simple tips and tricks you can follow which will make a property seem like you’ve spent a lot of money on it when you won’t have spent much at all. Since property prices are currently on an all time high, a little renovation can go a long way, so have a look at the following revamps you can make to a property without breaking your bank.
Plan & Budget
When it comes to renovation, the last thing you want to do is walk in and start splashing money around without any kind of plan of action. You need to plan not only what you’re going to do for each section of the property, but you need to work out a budget.
You want to be making a profit for each time you spend, which means you need to research similar properties on the market and how much you can realistically sell yours for. Once you’ve done that, you’ll have a better idea of how to budget on each area of the house, and how much profit you’ll make.
Fundamental Features
Some of the fundamental things that people look for in a property can be a deciding point as to whether they want to live there or not. These are the features that you’ll definitely want to consider renovating.
Windows
One of these fundamental features are the windows. If a property has single glazing, this can leave a property feeling cold, but it also tends to get wet due to condensation. Installing double glazing, especially on downstairs windows for security reasons, can leave potential buyers feeling a lot happier about a property.
Safety
Fire or smoke alarms should be fitted and checked, as not having one near a kitchen can also put people off. Smoke ventilating systems on windows are also a good feature to install, as these air out a room without having to open windows fully, and this can also be a security issue. You can get these fitted professionally by companies such as LJ Pratley.
Floorboards
Something else to consider is installing floorboards where carpets may have been laid. Old carpets in a property can look dingy and leave a smell, however simply by fitting some affordable floorboards, you can easily bring a room back to life and make it look as good as new.
Cosmetics
Giving a room a touch of paint, a few cheap items to sell with the property and a good clean will make all the difference when it comes to potential buyers looking around. Painting a room a light colour will give it the feeling that it is bigger and lighter than it might actually be.
Painted
Giving a room a touch of paint may seem like a simple task that will not make a big difference when it comes to selling a place, but a lot of potential buyers will not look past the aesthetics of the property, meaning many will choose a well presented property over one that just needs a little bit of love and care. Paint the rooms a light colour, making them appear lighter, more spacious and cleaner.
Furnished
Purchase some affordable furniture sets so that you can offer to sell the property furnished. By putting in new furniture pieces, this also gives potential buyers coming to look around the opportunity to give them an idea of what it would look like if they move in. This also means choosing furniture that doesn’t cramp a room but compliments its size and colour.
Cleaned
After all the work and effort that has gone into the property, there is likely to be some dust and dirt lying around. Before showing around interested customers, the place should look as presentable as possible. In order to get the best results, you could hire a cleaning service such as OCD Cleaning to do the hard work for you and make your property as perfect as it can be. This means having a good clean and polish of a place to make sure it looks the best it can, to give you the best chance of making a profit out of your simple renovation.