6 Home Improvements to Increase your Property Value
If you’ve been bitten by the property bug, chances are you’re probably eager to maximise the value of your property while not having to deal with the huge investment in capital that goes with it. Nobody wants to make an uncertain bet with their hard-earned savings without doing a little research first – So, we have done our research and came up with some reliable ways of improving your house that are sure to leave you with a tidy profit at the end of it.
Put the front first
When potential buyers come to view your house, before they’ve even stepped through the door they’re presented with three key factors – the front garden, the walls and the roof – if any of these look out of sorts, then you’re already on the backfoot before they’ve even stepped through the door. Keep the garden properly weeded and maintained, make sure the roof is free from problems like leaks in the drainpipes and apply weatherproof paint to your walls so they can withstand anything UK weather can throw at them.
Include another bedroom
Increasing the space in your home with a new bedroom is a sure-fire way to grow its value, though it can be a costly process as the average spend on a new extension is around £20k. If you have the money to invest however, it can stand to make you a profit of around 75% of what you invested in the first place. Another benefit is that you will not have to apply for planning permission, as long as you don’t go too over-the-top with it. You can check out the Government’s stance on planning permission here.
Add a conservatory
A fantastic way to boost the value of your home is to install a conservatory – glass houses are fashionable once again. Building a conservatory on the back of your home can score you double the investment you make in profits – provided you don’t use cheap, low quality materials in the effort to save a penny. The average cost for a proper conservatory is between £4k to £10k and can stand to make you around £15k on average.
Redo the flooring
One of the aspects most likely to need work doing in your home is the carpets, thankfully, it is also one of the cheapest features to fix. Costing on average £4k to completely relay, you will notice the difference when you turn the much run-down carpeting into something that feels fresh and breathes new life into each room. Should you not want to complete a drastic change-up to your flooring, then be sure to give them a deep clean to remove any stains and unwanted odours that may have accumulated over the years.
Give it a ‘USP’
Otherwise known as a ‘unique selling point’, if your house has something that you won’t find in many other houses – that will drive up its value. Something like a wooden deck for the garden or a modern open plan kitchen, for example, will help to give the house a bit more ‘personality’ and you will notice potential buyers commenting on something they don’t usually see at all the other houses they have viewed.
Increase storage capabilities
One thing that always makes or breaks a potential buyer’s opinion on a house is how much storage space is available for them. Think cannily about what ‘dead space’ in your home can be repurposed into something useful. You would be surprised at the potential for shelf space in some places you wouldn’t usually think of as being suitable, like atop a chimney breast, for example. Be aware though, you do not want to clutter a living area with storage space so use it sparingly.
6 Home Improvements to Increase your Property Value
