Buying a home of your own, isn’t just about taking an exciting step onto the property ladder, it is also an investment for the future. Whether you stay in your home for 2 years or 22 years, adding value to your property is just one of the reasons why getting out the paint brush or even the sledge hammer is a course of action many choose to take. Improving your property isn’t just an important way of turning a house into a home, it can also mean a bigger resell value, and if upgraded in the right way you could have potential buyers falling over themselves to put an offer in when the time to sell comes along.
However, knowing how to add value to your home is a mystery to many, and research is the key to discovering what home improvements will boost comfort and convenience for your family now and make buyers pay more for your property in the future. Check out our top tips for adding value to your home so you can enjoy your property and be in a better position when the ‘for sale’ sign is erected.
Extend up or out
Increasing the space available in your home will not only make family life more enjoyable and convenient but makes perfect financial sense. Whilst loft conversions cost up to £20,000 to complete, extending up could add as much as £40,000 onto your home’s value.
As well as extending up, why not consider growing your home outwards with a conservatory or extension? Conservatories are particularly affordable, depending on the size and spec you want to opt for, and with permitted rights making conservatories less of a headache to install, adding 7% to the value of your home could be easier than you think. Adding a full extension may cost a little more but it could add up to 11% to the resale price of your property.
Remember first impressions are everything
As any estate agent will tell you, most buyers make a decision on whether they like the property before they even step through the door so improving the curb appeal of your home is a must. Making the front and rear garden more manageable is vital, and many front gardens will benefit massively from full or partial paving. A paved front garden also has the potential to double as a driveway, with the right planning permissions, a move that could add up to £50,000 to your home’s value, particularly in an expensive urban location where parking comes at a premium.
Concentrate on your bathroom and kitchen
Whilst your whole house will benefit from a lick of paint, the bathroom and kitchen are still viewed as the two most expensive rooms in the home to renovate. A new kitchen can add as much as 4 to 5% to your property value. The bathroom is also a great place to focus on, and there are a number of affordable and stylish suites available that could transform the look and feel of this essential space as well as add 3 to 4% onto your asking price.