Maximise the value of your home with our tips
Looking to add value to your home? Your home is an investment so, you might ask the question how much is my home worth? If you are looking to get a market appraisal of your home, there are things you can do in increase the value first!
If you are planning to make changes, you need to make sure you don’t end up losing money by doing renovations that don’t really alter the value of your home.
Here are some of the most popular ways to increase your homes value…
Loft conversions are the most cost-effective way to add value and gain additional living space! Converting a loft will cost approximately £20,000, however, a double room including an end-suite, domer conversion is more in the region of £35-40k and takes around six to 12 weeks – this is the most popular option according to Nationwide Building Society.
Kitchens have a big impact on how buyers view your home! Storage is a key factor and having a practical the kitchen is a massive plus. Consider an upgrade, a new kitchen will make your home appealing to buyers and can add as much as 4% in value.
After a new kitchen, the next option is to give the bathroom some TLC. Maybe a new en-suite or an additional bathroom? Adding a second bathroom can increase your homes worth by around 5%.
If you are looking for more space, you could think about adding an extension. A single storey extension costs around £30,000 and a two storey extension is around 50% more. Or, you might want to add a conservatory, these can raise your homes worth by as much as 15%, a good return on a simple renovation option.
You can add value to your home long term by making sure it is energy efficient, this will also save you money on your monthly outgoings. It is estimated that energy efficient homes can fetch up to 6% more – adding insulation or fitting solar panel heating is a great way to start.
Let’s not forget about kerb appeal! Making a good first impression is essential if you are planning to sell your home. If your front door, garden and hallway are neat and tidy, buyers will feel more positive about the value of your home as soon as they arrive.
If you are not sure how you can add value to your home, we will be happy to offer you property advice.
Visit our website here to get in touch!