How to Add Value to Your Home
Looking to add value to your home? There are many ways to do this, most of which require you to spend a fair amount of money in the process. While this may seem daunting, the rewards are always worth it, namely adding significant value to your property, which is only going to help with the selling process.
Home renovations are a huge undertaking, but when done correctly that will add a large amount of value to your home. There are various types of renovations both big and small, so it should be possible to add value to your home on an appropriate budget.
Covert a Loft Space
Loft conversions are big renovation that cost a fair amount (around £20,000 on average) and be quite disruptive, taking between 6 and 12 weeks to complete, but the value added usually makes them worth it.
In most cases, a quality loft conversion adds around 20% value to a property, although it’s only possible to complete such a renovation with the appropriate headspace and roofing structure.
Upgrade Windows and Doors
A much more affordable way to add value to your home is to upgrade the windows and doors. Double glazing always adds more value than single glazing, as does modern composite doors, with both offering improved insulation, sound proofing, and durability over older windows and doors.
Better still, adding energy saving windows will only increase the value, with high energy rating windows being a big selling point in modern homes. Energy efficient windows and doors help to reduce bills while keeping the home warm, while also reducing the home’s carbon footprint.
Get a New Kitchen
The kitchen is one of the most valuable rooms in a home, so upgrading it could see you add a good amount of value to your property. A spacious, hygienic looking kitchen is always going to impress a buyer and valuator, making them a worthwhile investment for anyone looking to add value to a home.
It doesn’t even need to be a complete replacement either. For those on a budget, restroring old cabinets and simply replacing worktops and rearranging the layout can make the world of difference.
If you can afford it, upgrading current units, worktops, and fittings for a completely new kitchen is well worth the investment – you could see as much as 4% value added!
Revamp the Bathroom
Much like the kitchen, the bathroom is a big seller for any property, so upgrading it can add a good bit of value to a home. You can even do this with a modest investment, with a new bathroom suite costing a bit less than a kitchen but possibly adding the same value of around 4%.
Another option is to add a second bathroom space. For instance, you could renovate a spare room into a second bathroom or new en suite, making sure there is a shower in at least one of your bathrooms.