New build properties are such a great type of property to own. They’re presentable, require less maintenance and repairs, and attract a lot of demand if you’re a buy to let investor. For those who are thinking about selling their property further down the line, however, it can be tricky knowing how to increase the value of a new build.
Unlike older period properties that need a lot of renovation before they go on the market, new builds don’t tend to need as much renovation since they’re good as new from the get-go. Luckily, there are a few things you can do to try and increase the value of your new-build property, without all the time and hassle it would take to refurbish an older build. With this in mind, here are two simple ways you could boost the value of your new build and benefit from higher returns.
Making sure your property is well-decorated is one of the most important things to keep in mind when you put your property on the market. You may think that your new build property is already decorated to a high standard, but you still need to think about whether or not your decor choices could influence the value of your property.
While you may love the patterned wallpaper that you’ve used in your living room or the bright terracotta shade you’ve used in your bedroom, the potential tenant or buyer of your home might not. That’s why it’s a good idea to think about using decor styles that appeal to a wider range of people as this is one of the best ways to increase the properties value and attract potential buyers in the process. Even if you feel that your property has been decorated in the right way, it’s always worth giving it a refresh by re-painting any walls that have marks and that are looking quite worn out.
So what’s the best way to decorate a property for a boost in value? As a rule of thumb, more minimal shades tend to work best when you want to showcase your property. A study conducted by ‘Zillow’ found that there are particular colours which when used in a property, can make it sell for a larger amount. This includes shades like light taupe, pale grey, and blue. Minimal and neutral colours like these work so well as they allow people to visualise themselves in the home, while more bold and in-your-face shades like red should be avoided, along with any busy patterns.
For more ideas of the best ways to decorate your new build, just look at the properties on offer with the investment company RW Invest. This company specialises in off-plan new build apartments, all of which are decorated with minimal colour schemes and fitted with high-quality kitchens and bathrooms. This makes the property more appealing to both those interested in investing in a buy to let property, as well as attracting people who are seeking a rental property once it’s been put on the market.
Focus on the garden
Having a well-maintained garden can add up to 20 per cent to your overall property value. In city centre locations, in particular, having a presentable outdoor space can be rare, which is why these type of properties are often snapped up very quickly. If you’re lucky enough to have a garden or at least some outdoor space in your new build property, focus on making it a major selling point and you could see your property value grow.
Whether your property comes with a huge garden full of greenery, a small outdoor patio or yard, or a balcony, spend some time and money making the most out of whatever outdoor space you have. If you have a lawn that’s in need of maintenance, think about replacing it with some artificial grass for a fresh update. Low maintenance gardens are more attractive as they stop buyers from having to worry about potential upkeep, which is why real lawns are often a bad idea. This can even be done on a balcony as a way to create a more welcoming and ‘green’ space.
Other things you can do to increase the appeal of your garden and hopefully grow your properties value include adding some beautiful outdoor furniture, planting some flowers and greenery, and replacing any old and worn out fences.
All these things may seem like small tweaks, but doing them can impact the overall look and feel of your property massively, and could help you attract that ideal buyer.