We all want to add value to our homes. After all, property is one of the best investments so why not make the most of it. The rule of thumb when it comes to adding value is to utilise what you already have. Any additions that are too costly might not bring you much of a return when you sell, so work with the space and think how it could be transformed to make it more useful.
Here’s a list of some of the most worthwhile home improvements and additions that can add value of your home and make it more appealing to potential buyers. Remember, it’s important to think about who the most likely buyers are and to go for improvements that will be most beneficial to them.
Remember to always find out how much your property is worth before adding value!
Utilise the garden
Although large gardens are becoming less and less attractive, as a nation, we do value the addition of outdoor space. Making your garden feel like another reception room heaps of value to your home, especially if it's currently somewhat neglected. Simply adding decking or a patio can turn a garden into a great entertaining space. Summer houses are other welcome additions, especially when staged as an extra room to enjoy.
Make the most of the garden space you have!
Convert the garage
Most people would prefer an extra reception room to a garage. If you have permission to do so, then you could convert the garage to add a square footage to your home. Depending on where your garage is located, they can make fantastic playrooms for children or home offices. It is important to utilise the extra space you have. Any added space is better than nothing and can make that extra difference to your home and its potential buyers.
Add an additional bedroom with a loft conversion
Loft conversions are a sure-fire way to add value to your home. Most houses don’t require planning permission to convert the loft and they make really stunning rooms. Plus, they’re reported to add up to 20% onto a property’s value.
How much value does a loft conversion add? Research conducted by the Nationwide Building Society found that adding a loft conversion can increase the value of your home by up to 20%.
Add parking space
Having somewhere to park the car is a big plus for most buyers. In 2014, 29.6 million cars were registered for use in the UK, which is a 9% increase on the previous year. We clearly do like our vehicles and parking spots are becoming even more scarce, making them especially valuable. Even if your buyers don’t drive, they will value the space for when family and friends come to visit. If you don’t already have parking but do have a front garden, consider paving part of it to create off-road parking. You might have to apply to have the kerb dropped, but it’s still well worth investigating.
Add a conservatory and increase living space
Conservatories are another great way of adding square footage to your property. Consider adding one next to your dining area or kitchen to increase the size of this hugely appreciated space. And make sure you keep it at a comfortable temperature as any rooms that are too hot or cold could put buyers off.
Boost the value with kitchen renovations
Kitchens are the heart of the home and there’s nothing more appealing than a big welcoming room in which to cook up a feast and entertain. If you only want to improve one room, then definitely concentrate on the kitchen and add a few wow-factor touches to really make it stand out. Read more about renovating your kitchen on a budget.
Add an extension onto the kitchen
Expanding the kitchen onto the side and to the full width of the rest of the property means that you will gain valuable space. As previously mentioned, a big open plan kitchen presents a warm welcome and inviting environment - which is guaranteed to add value to your property in the long run.
Overhaul your bathroom
After the kitchen, your bathroom should be next on the list for an overhaul if it’s looking dated. Opt for a crisp white suite so it appeals to lots of people and add a few ultra-stylish features to make it a room to remember. This can be an expensive investment, however, if it's something that needs doing then it becomes a necessity. You may be able to get away with just a fresh lick of paint.
Install central heating
It might seem obvious, but adding central heating to a property that doesn't already have it will really help to increase its value and appeal. It’s considered essential and buyers could try and offer less money if they need to get it installed.
Make sure your home is structurally sound
At the very least, make sure you fix any structural problems before you put your house on the market to maximise your chances of getting your asking price. If your property is structurally unsound, buyers are likely to use this as leverage to negotiate as they will know they will have to invest money upfront fixing those problems.
Turn your home green
No, we don’t mean paint your house green! Making your home more environmentally friendly with the likes of solar panels, wind turbines and good insulation can increase its value. If your home is cheaper to run, it will stand out in the property market and you can usually add a premium to the price.
Go for double glazing
Don't have double glazed windows in your home? This is definitely one of the best ways to add value to your home. Double glazing is pretty much a standard in new homes these days. However, if your home is relatively old, you may find that it still has single glazing. This puts you at a disadvantage, as potential buyers may be put off by this. We recommend you get this sorted as soon as you can. You could see an added value of up to 10%!
Top Tip: Homes do not normally require planning permission to install double glazed windows, however, flats do not fall under the same umbrella. You will require planning permission if you own a block of flats and were needing to upgrade to double glazed windows.
Get that kerb appeal
There are a number of different ways to add value to your home and improve the kerb appeal of yours. This could be a fresh coat of paint, new plants in your garden, new iron fencing or a brand new front door. Whatever approach you to take, make sure your home looks appealing from the outside. First impressions count and will go a long way to adding value to your home!
If you're looking to add value to your property so that you can sell your property and buy a new home, then make sure you read our top tips for buying a property guide.
Like this post? Read more on how to get the best price for your home.
If you're looking to sell your sell your home, find your local Guild Member today, who will be happy to help you prepare your property for sale!