Size Doesn’t Matter: Value-Increasing Tips for Small Properties
Major cities across the world are becoming more and more prone to renovating and designing space-saving properties for potential buyers. More space usually means that you’re paying a higher price for the property, but with a lack of development space, it’s becoming increasingly popular to convert houses into multi-story apartments or build tower blocks that can house several hundred apartment properties. Those properties are small and hence, they sometimes go for very cheap prices—but that doesn’t mean you can’t improve on it.
Whether you’re considering investing in city properties or you’re currently in possession of a small space, there are many ways you can utilise a small area to increase value for when you rent or sell the property.
For example, adding a Georgian conservatory can be a quick way to transform the value of the property, ensuring there’s extra spaces for entertainment and by changing the property’s ambiance.
Many apartments in the city scream “modern”. Nothing manages to replicate a futuristic home quite like space-saving furniture does. From staircase bookshelves and storage units to fold-down tables that double as cabinets, some uniquely designed furniture that fits within the home can be a great asset to increase property value.
The important thing to note here is that it can’t be bought from a home improvements store. It needs to be created with the property in mind and it has to mould well into the overall design of the place you want to invest in. For instance, there’s no point having a space-saving dining table and chair combination if there is already enough space to hold a full-sized dining table. Likewise, you can’t add staircase storage if the stairs are hollow. Think smart and hire a carpenter to help you build and design unique one-of-a-kind furniture to add to the property—it will be worth it.
Transforming Rooms Into Open-Plans
With the help of overhead rails or hidden guides, it’s possible to create incredibly complex and unique sliding wall designs to transform rooms. You can hide rooms that aren’t needed (such as a kitchen) by keeping the appliances and utilities hidden behind a folding or sliding wall. When needed, your tenants can simply slide open the kitchen wall to transform a living room into a fully-functional kitchen.
It also allows your tenants a degree of flexibility when it comes to private spaces and natural lighting. For example, instead of having a door that leads to the bedroom in a one-bedroom apartment, it could be a wall that retracts to combine both the bedroom and living area into a single large room. This allows more natural light to fill the apartment and generates more space.
This style of housing has to be custom built by a professional contractor, but again, it’s worth the investment cost because you’re creating a unique and special property that isn’t the norm. You’ll be making huge space savings, and that equates to big value increases. The “studio” look where everything is in the same room is incredibly popular because it promotes communication between tenants, natural lighting and it makes everything more efficient. However, it’s still important to retain an element of privacy, which makes sliding walls an excellent choice of custom home improvement that will bump up the value of a property by a substantial amount.