28th June 2017
15 Home Improvements To Increase The Value Of Your Home
Faced with a difficult housing market, updating and maintaining a property is more important now than ever for homeowners. Whether you need more space but can’t afford to move, or want to put your house on the market, you should be making the most of what you’ve got. You can be on a budget or willing to spend, there are always innovative improvements that can be undertaken which will successfully increase your home’s value.
1. Put the front first
First impressions count. 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.
Also, the front door of your home can say a lot about the rest of the house to viewers seeing it for the first time. If you cannot afford to replace the door, make sure it looks attractive by giving it a power wash or a fresh lick of paint.
2. Add an extra room
Increasing the space in your home with an extra room 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.
3. 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.
4. Create more light
If you can’t build a conservatory, try brightening up your home and creating light through the use of a few mirrors. Hanging mirrors opposite windows tricks the eye into thinking there is another window there and maximises the impact of natural lighting. Another illusion when capturing light is to reflect it into any darker corners, to make your property look bigger and brighter.
5. Open up the living space
Opening up living space is becoming more and more popular, particularly for the kitchen and dining room. Combining the two into one large room creates a sociable space, great for the whole family to enjoy. Knocking through walls to create this open-plan living space is an effective way to add value to a property because a larger space is not only trendy but more useful. However, it is important to remember the practicalities with this, as many consumers still like the front room philosophy that can be used for special occasions or to be used for privacy by the adults.
6. Makeover the kitchen
An attractive, hygienic and fresh looking kitchen is essential. Start by painting the cabinets to give a fresh look and replace doors and handles if needed. Improve kitchen storage where you can; a larder for example is hugely attractive among house-hunters. Make sure there is adequate lighting as well, it’s very easy and cost effective to install under unit lighting. Finally, ensure that any floor tiles are well fitted and a colour that is easy to maintain and keep clean.
7. 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.
8. Increase storage space
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.
9. A pristine and private garden
Giving your garden a makeover can go a long way. Start by tidying away any litter, mowing your lawn, removing all perennial weeds and cutting back overgrown trees and shrubs.
Once you have made the space look attractive, try and create a feeling of solitude. An open, clutter-free space is appealing but privacy is essential. Consider growing trees or adding boundary fences and walls, which can go up to two metres without needing planning permission. Another option would be to assemble a structure in the space such as a pergola. As well as creating privacy, this is a great way to separate areas of your garden for socialising and to extend the use of your garden into the colder months.
10. Get rid of busy wallpaper
With each potential house buyer having varied tastes in patterns and texture, certain wallpaper designs can be seen as overwhelming. Wallpaper can also be difficult to remove which could lead to people being put off by if they are looking for a home to move straight into. We recommend using paint and keeping colours neutral, making it a simpler job for the next homeowner and the property overall becomes more appealing.
11. Converting the loft
A loft conversion is a more expensive improvement yet probably gives back the best value for money. Most lofts can be easily converted and expanding the house upwards offers homeowners an extra bedroom for growing families or a space for extra storage. Adding an extra bedroom can give huge value to your home, particularly if it includes an en-suite bathroom. Remember to seek planning permission before undertaking this work though.
12. Be energy efficient
Fitting your home with energy efficient appliances can add value to your home by promising to knock the costs of bills. With a huge variety of new products on the market for this, it’s increasingly becoming a key feature for new homes.
13. Double glaze the windows
Noisy roads can impact the value of a property. It will keep the home warm and keep the noise out, even if it’s near a main road.
14. Install a fireplace
A fireplace can bring a lot of character to a room and creates a focal point. It’s also practical; the warmth from the fire allows you to reduce the use of your central heating which will lead to savings on your energy bills.
15. Give it a unique selling point
If your house has something that you won’t find in many other houses it 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.