11 fantastic ways to add value to your house0
If you’re looking for ways to add value to your house then these eleven tips below will cover everything that you need to know:
1. Build an extension
An extension, when done right, can be a way of adding significant value to your home, particularly if it increases the number of bedrooms, as well as expanding living space. That said, even additions such as porches can add a significant boost to your property’s bottom line, with such an improvement equating to a £2,000 increase on average (not to mention making your home more secure).
A conservatory is one of the most effective ways of increasing the square footage of your living space; what’s more it adds to the ways in which future potential buyers may imagine themselves using and enjoying your garden. When considering such an improvement however you should consider heating; conservatories are renowned for being difficult to heat in winter through radiators, and as such under floor heating is proving to be an increasingly popular choice (although significantly more expensive).
3. Loft conversion
A loft conversion is an excellent way of adding an additional bedroom. It is estimated that loft conversions tend to add anything up to one fifth of your home’s value… that’s an impressive return indeed!
4. New Bathroom
People very often consider bathroom overhauls to be overly expensive, and if buyers view a home with bathroom in need of refreshing it can very often be enough to put them off entirely. Yet a bathroom refurbishment really needn’t cost thousands, with what can be the main job (a complete re-tiling) costing from £350, and a budget bathroom suite (including bath, toilet and sink) costing from just £250.
5. New kitchen
The kitchen has become an increasingly important room within the home and today can very often serve as the central hub for cooking, eating and relaxing. When refurbishing your kitchen you should bear the now multi- purpose functions in mind, and if space allows, factor in an entertainment area (which could be as simple as the provision of sofa).
6. Change Windows
A set of new windows can give a home an instant facelift, and today the choice of patterns, tints and frames are more extensive them ever. What’s more changing your windows can save you as much as £500 per year for the average sized semi-detached home.
7. New Boiler
The average cost of a modern boiler can range from £2,000 up to £5,000; however the question is whether this is then added directly onto the value of your home.
This is somewhat of an unanswerable question, as some buyers may not even notice such a feature, whereas other, more practical buyers would certainly take note of something that would otherwise cost more than a pretty penny to replace or repair. In any event however the savings that modern boilers can produce can equate to as much as 20% off your energy bills every year.
8. Planning Permission
If you’re unsure about whether or not you wish to go ahead with an extension then it may be wise to apply for the planning permission in any event. Planning permission for residential properties last for 3 years, with development required to take place within 2 years of the final approval.
9. Internal changes
Internal improvements, ranging from quick refurbishments of a splash of paint, up to a complete renovation with new floors, fixtures and fittings, will mostly always add value. However, if you do foresee your moving in the near future then it’s advisable to keep a property relatively neutral (so opting for dark purple paint for the hallways, coupled with blood red walls for the kitchen, may not be the wisest of colours choices).
10. Add a downstairs bathroom
A downstairs bathroom (or even a cloakroom featuring just a toilet and sink) is a great way of making your home more functional. What’s more this needn’t break the bank, as the average cost for an under stairs toilet can range from just £750. It also opens you up to other buying markets, such as parents with small children and those with elderly occupants).
11. Convert garage
Garages, on average, features between 300 – 400 square feet, which is very often just serving as a dumping ground, rather than being home to a car. If you have a garage that is lying unused for any useful purpose you should consider what can be done with it to expand your living area or bedroom count.