By Abdul Mondal
If you are planning to sell your home at the highest price possible, before contacting an expert in home valuation, there are modifications you might have to make.
Suppose your target market is millennials, then here is a guide on how you can add value to your home to make them strike a deal with you.
How To Add Value To Your Home To Attract Millennials To Purchase Your Home
If you want to sell your house to millennials, you might want to consider these changes in your house. From smart tech-enabled homes to modern furniture, know what millennials look for when purchasing new homes.
1. Split Your House into Flats
In London, converting a house into flats is a common thing. This is because flats have high demand and are easier to rent out. Thus, separating your house into units is a great idea to maximize the rental income.
However, before you commence the project, you do your homework and determine whether your area’s demand for flats is high. Conversion could be the best option if you learn that 3-4-bedroom properties are not shifting, but flats are.
2. Refresh Your House with Paint
By painting your house, you can enhance its mood, and the work is not expensive. If you have the time, consider taking care of the walls alone before inviting professionals to do the ceiling because they might be hard to deal with.
Suppose you choose the DIY method; you must paint one room at a time. Move all the furniture to the center of the room and start coating it in the morning so there is enough time to let it dry. Most paints dry within a few hours, making them easier to work with.
3. Replace The Old Windows
Since you are targeting millennials, consider replacing the old windows with double-glazing. This is one of the latest styles and will add value to your property. Suppose you are working on an old property; try to be sensitive to the house’s overall style.
If you have old windows that need to be replaced, they must be double-glazed since that is the current industry standard. However, you might not be able to use this style if your property is in a conservation area or doesn’t meet the recommended building regulations.
4. Update the Flooring
You can make a huge difference to your home by cleaning the carpet. Thus, you should call in on professional cleaners to help improve the quality of the floor. However, if your floor covering is way beyond its use-by date, you must update whatever you have.
If the floorboards are worn out, re-sanding them is worth considering. You will have many options because you can have them stained, lime-washed, painted, or resealed. Suppose you attempt to remove the old carpet and detect old floorboards below it, then you need to do something.
5. Get a New Bathroom
With a new bathroom, you will be sure to increase the value of your home by a higher percentage. But you need to know that it is one of the most expensive investments. There are some updates that you can do on a budget. You can keep the price down by maintaining the current bathroom layout.
You don’t have to relocate the water inlets and soil pipes since that will raise costs. You must update the framed enclosures instead of the frameless models. Also, an exposed shower will cost much less than an enclosed model.
6. Utilize The Garage
This option is not mandatory, but it can also enhance the value of your property. For instance, unless the garage is used for a car, there is no need to keep it. It also makes sense if you have some parking space outside. Before you start, confirm that your garage is worth converting into a living space.
7. Update Your Kitchen With Modern Furniture
Millennials love open-floor kitchen spaces that connect with the living room so they can entertain guests while cooking. You will see that your kitchen outlook changes when you add modern cabinets.
Additionally, try replacing old cabinets with newer ones to enhance the overall look of your kitchen.
Furthermore, add countertops in your kitchen that can function as extra prep space and a breakfast bar. You can opt for black or white granite to give your kitchen a modern and sleek finish.
The new generation likes modern yet minimalist touches to their house interiors. So, attract millennial buyers to your house using modern furniture and interiors.
8. Create A Cozy Living Space
Millennials love a cozy living space to entertain, relax, and spend their free time cozying up. You might want to change the interior if your property or home does not offer a cozy living space. You can add low tables and throw blankets over the couch to make it homey.
Additionally, adding low tables with blankets and cushions creates a welcoming ambiance. Furthermore, if your space is small and does not have a coffee table, try adding a low table and a small couch to make the living space cozier.
Throw some soft cushions to complement the space and a throw and add a TV to complete the space.
9. Smart Home
Security is of utmost importance for anyone purchasing a home, including millennials. So, you can add smart security technologies to your house to attract new home buyers. You can use the voice assistant’s technology to make your home more enticing to potential buyers.
Since most millennials have access to the internet additionally, these smart techs around the home encourage them to make a purchase. The more advanced the technology, the more secure they feel leaving home for work or vacation.
Final Thoughts
Through house valuation, you can know what needs to be added. Note that millennials have unique tastes, some too expensive to meet. However, you will still be on the right track if you touch the area suggested in this post.
Be sure to work alongside a professional to only focus on areas that add value to your existing house.
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