If you’re thinking of selling but you’re not happy with your valuation, then there’s no need to worry, as there are a number of things that you can do to add value to your home. Depending on how much you want to invest, you can increase your home’s value by 20%.
Adding extra space to your home is one of the best ways to add value to your property. There are a variety of ways that you can do it, however, so you can take your pick of which is best for you and your home.
Take a look at our top tips for adding value to your house.
You can convert the loft, the garage or even dig out a basement to add extra bedrooms and bathrooms to your home. You can add up to 20% to the value of your home through conversions such as these.
- Loft Conversion: If you can convert your loft, then you should definitely go for this option. Out of the more invasive conversions, a loft conversion is one of the easiest to do.
- Basement: If you don’t already have one, you can dig one out. However, in comparison to converting the loft, this is much more of a major undertaking. It is expensive, it will affect the structural load of your property and you can’t live in your home for several months while the conversion is being installed.
- Garage: How much do you use your garage? Could you turn it into more living space?
Adding value to your home doesn’t have to mean investing lots of money. So if you’re looking for a way to add value but you don’t have too much capital to invest, then upgrading the kitchen or the bathroom is one of the best things that you can do.
- Kitchen: The kitchen is the heart of the home, where we cook, eat, where we do homework and more. This means that potential viewers want to see what it can do, so if you can make it as good looking and efficient as possible, then you’re on to a winner. This can add 5% to the value, though a new kitchen will rarely add more value that it costs.
- Bathroom: Keep things simple and not too stylish, as it will simply date. If you don’t want to spend too much on your bathroom, then you can simply update the hardware instead. For instance, upgrading the taps, adding a heated towel rail, a new shower and a glass panel instead of a curtain could make all the difference.
An extension is just another way to add space, but it must suit the building. Add a conservatory that doesn’t look like it belongs and it will not do your property any favours. Ensure that it truly is an extension of your home and you could add up to 10- 29% on the value of your home.
Adding value to your property is not just about adding space, it is also about making your home look good on first impression. Here are a couple of ways that you can do this.
- Parking: If you’re in an urban location where parking is scarce, consider paving over your front lawn to add a supply to the demand.
- Front door: Make sure that your front door and entrance area is looking tip top. Repaint your door, change the hardware and make sure the doorbell works. Add a potted plant and you’re ready!
- Outgrow the area: There’s no point having a property that is valued at a much higher price than the rest of the area, because then you’re aiming your property at people who don’t want to live in that area, so you’re doomed to failure.
- Have more than five bedrooms: There’s a massive difference in value between one, two and three bedroomed properties, but once you get to five, they are all pretty much the same.
- Replace all the furniture: Replacing the furniture might make your home look nicer, but it isn’t really worth the hassle as it doesn’t add any value to your home.
- Neglect the garden: Your garden makes an impact. If your garden is overgrown or simply just without any discernible design, then it’s time to get cracking.