Whether you are carrying out a home renovation project, remodelling or simply giving your home a bit of a makeover, our top tips will have you covered for boosting the value of your home
Even if you are not thinking of selling your house right now, it’s good to know how to add value to your property. Certain projects are guaranteed to not only boost its kerb appeal but also its value.
If your property benefits from the use of a garage and you are not using it to store the car, you could consider converting it into a living space. Your first step should be to check if the conversion requires planning permission.
A loft conversion does seem like a costly investment, but would give you more space and huge potential. In terms of adding value, it is likely to be a very good investment providing it adds more accommodation than it takes away (remember you need to make room for a staircase in the existing space).
Whether it is by means of a conservatory, or a formal extension, extending the living space can add a significant boost to your home’s value. A conservatory will bring you closer to the outside and would typically cost less than a formal extension.
Extra kitchen and utility space can also add valuable space to your property and considerably improve the layout too. Kitchens can sell a home, so offering more units and worktop space may mean you can aim for a higher asking price.
Properties with diminishing leases decrease in value once they have less than 60 years remaining and it can be hard to get a mortgage on a property with a short lease; so ensure the lease is kept topped up.
Garden space can be limited, so if you’ve got it, make sure you’re making the most of it! A decking or patio area can transform a garden into an entertaining space, and when designed as an additional room, a summer house can also add value to your property.
Decorating may seem like only a small job that wouldn’t directly affect the value of your property: however, dated decor and superficial defects could deter potential buyers and effect you receiving your asking price.
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