Saleable or Added Value

One of the biggest misunderstandings when it comes to selling your house is in what makes it more saleable and what actually adds value to the property.





In most cases you are trying to sell your hosue, and will get taken in by companies stating such things as "it will increase your property value", normal terms are thrown around a lot by builders and windows / conservatory companies.

Ok so you may be think that why won't a new conservatory add value to my house. Simple if the conversatory costs your £5000 you will only be able add this amount to your house, and in truth you are only going to get your money back. This goes the same for replacing windows and doors, and even new kitchens and bathrooms.

So Why Would I Bother?

You are probably asking yourself, why would you spend money adding a conversatory or putting in new windows or bathroom, if you are only going to get your money back.

SIMPLE

It makes your house more saleable that is "capable of being sold, fit to be sold". This means that you will be able to sell your house quicker, and it can set it apart from other house. As if your house is the only house in the street with new windows, a conversatory it will sell better than the other houses.

Adding things to your house can save a lot of time in the overall sale process, letting you move on to your new home and get on with your life.

What's an Addition and Whats an Improvement?

If you are trying to sell your house you need to decide what you want to do, Do you want to try to increase the value or do you want to make it easier to sell.

Remember a higher price is not always better!

Keep the two things in mind, improvements and additions. Basically speaking these are defined as

Improvements - Anything you add to your home such as

• New Kitchen
• New Bathroom
• New Windows and Doors
• New Conservatory
• Anything else that does not directly change the structure of your house

Improvments will not add value to your house, other than the cost of the addition, they will make your house more saleable and easier to sell
Additions - Anything that you add to the structure of your home such as

• Building a new extension
• Converting the loft into a room
• Anything else that changes the structure of your house.

Additions will add value to your home provided it is the right addition, such as making a 2 bedroom house into a 3 bedroom house, larger kitchen, etc.
So keep in mind a simple rule, if it costs more money chances are it will add real value to your house. And anything that changes the house from the way you bought it will increase its value. If what you are doing does not alter the house from how you bought it, it will make it easier to sell but not for a higher price.