Ready to increase the value of your home? Whether you’re planning to sell soon or you just want to increase your investment, improving your home can lead to much larger returns when it’s time to sell. So, whether you’re planning to use your savings or take out a homeowner loan to pay for the upgrades, we’ve listed some of the best ways you can add value to your property.
Modernising the kitchen and bathroom
One of the best ways to add value to your home is by improving the kitchen and bathroom. These two areas are some of the most complex, and while upgrades can be expensive, you’re likely to drastically increase the value of your home.
In fact, research shows that renovating your kitchen and bathroom can increase your home’s value by around 25%. Key areas you may want to consider are the flooring, cabinets, cooker, worktops, and the bath or shower.
Adding extra living space
Another way you can increase the value of your home is with a house extension. There are several different types of extensions, including wraparound extensions, loft conversions, and conservatories.
Because these additions help to increase the usable floorspace of your home, they can be very attractive to potential buyers. Of course, not every option will be suitable for your home. Before you decide what type of extension you want, it’s worth considering your local building regulations. For example, you might not be allowed to build over a certain height, which would limit any loft conversions.
Improve energy efficiency
Another way to make your home more valuable is to increase its energy efficiency. This increases your home’s value because it saves the occupant money in the long run, but few people are willing to pay the upfront cost to upgrade.
You can improve the energy efficiency of your home in several ways, such as double or triple-glazed windows, insulation throughout the home, or a new boiler. These upgrades also make your home more attractive to eco-conscious buyers, since they can limit their energy usage without having to upgrade the house themselves.
Enhancing kerb appeal
Our final suggestion for increasing the value of your home is to improve how it looks on the outside. The kerb appeal of your home is very important because it’s the first thing that people see. When potential buyers arrive, they often judge your home by what it looks like on the outside.
By ensuring the front of your home is as attractive as possible, buyers are more likely to be interested in your home, develop positive feelings towards it and influence their decision to buy it from you.
