Written by: Cally Worden
Your home is your most valuable asset, and you don’t have to be rich and famous to add value to it. There are a multitude of things you can do to enhance the financial worth of your property, big and small, but each adding that special something. If you are looking to upgrade your home, then consider these tried and tested ideas.
Update your Kitchen
Estate agents say that this is a prime area in determining the value of your home. If you can afford to extend your kitchen, or knock down internal walls to creating a more open plan feel, you instantly create an aspirational space that is the perfect showpiece for your home. Experts agree that the cost of an extension can often add double the value of its cost to your property.
Not everyone can afford to splash out on a total revamp, but simply changing a few key elements can also make your kitchen look and feel like new. If your cabinets are reasonably sturdy, then consider a change to the cupboard doors. For the budget conscious, keeping and painting existing doors is a great alternative. Tiles can also be painted to give this room a new lease of life, and updating your wall colour can transform a dull kitchen into a warm, fresh environment. Investing in new appliances can also give your kitchen that “just installed” look.
Convert Your Loft
Moving house to get more space costs money, and converting your loft is an ideal way to gain additional square footage whilst adding value to your home. Positioning the stairs correctly is very important to maximise space on the existing floors, but get this right and when you come to sell this extra space will more than pay for itself. And you get to enjoy it in the meantime!
In all residential areas the value of a home is limited by the number of bedrooms it has. Provided you have the space or can build an extension, creating an additional bedroom can add a significant amount to the value of your property. Be aware of over-investing though – if you live in a street with mainly 3-4 bed houses, converting yours into a 5-6 bed palace may push it beyond the ceiling value for your area, and make it difficult to sell and recoup your investment.
Update or Add a Bathroom
After the kitchen, the bathroom is the next most important area in your home. Buyers perceive these two spaces as the most costly to improve, so by doing the work for them you are already making your property more attractive, and therefore more valuable. Adding an ensuite can be a good move if your master bathroom is already in good shape, and good quality fittings can make a real difference to how others view the room.
The Benefits of a Conservatory
A conservatory adds living space and light to your home, and can be one of the most cost effective ways of adding value. One of the key benefits of adding one to your home is that they do not require planning permission.
First impressions count, so by giving the front of your property a makeover you are instantly creating the impression of a home that is well cared for. Make sure that gutters are tidy and functional, repair any damage to window frames and eaves, and give the facade a new coat of paint. Then turn your attentions to the garden or driveway, and make sure it is kept neat and tidy. When we sold our last house we had the front painted about a week before we put it on the market. I’m convinced it helped to create the right first impression, and was worth every penny as we sold within a week, at the asking price.
Add a Home Cinema or House Gym
Staying in is the new going out. Or something like that! Families in particular are increasingly favouring stay-at-home activities that negate the need for babysitters. Having the traditional out-of-the-house pastimes available within the home can be very appealing to many buyers, so think carefully how you use the living space within your house. Creating the dream for people can tip the balance when it comes to a sale.