Home / Money Articles / How to increase the value of your home

How to increase the value of your home

How to add value to your home
Loading 

Written by:

Six ways to increase the value of your home

Whether you’re thinking of selling soon or at some point in the future, it’s worth considering how some improvements can increase the value of your home. There are some changes that will help to increase the price and give you a better chance of selling. However, other improvements could cost more than they add or even detract from the value of a property.

Installing double glazing

Everyone likes to have a nice cosy home and good quality double glazing will make a property more attractive. You need to ensure that you choose the right type of windows for the specific property, as otherwise you could put buyers off. For example, period homes should have wooden frames as opposed to plastic ones. The price of installation can be up to £20,000, depending on the size of the property, but it could increase the value by 10%.increase the value of your home

Improve your broadband speed

Having a fast broadband service is now seen as an essential item by many home buyers. Not all properties can benefit from superfast fibre optic broadband. If the reception in your area is too slow you can use satellite broadband simply by having a dish installed. Packages start from around £17 a month depending on your requirements, but having access to this service could add 5 to 10% to the value of your home.

Tidy up outside

First impressions are crucial when selling a property and it’s quick and easy to make some improvements. These don’t have to be costly and simply making sure the grass is cut or the hedges are trimmed can help. Other work you should consider includes re-rendering the brickwork, having the roof retiled or painting the exterior woodwork. Smartening up the outside of your house could be a simple way of increasing the value by as much as 10%.

Add an en-suite

Many buyers are now looking for en-suite or additional bathrooms, especially if the property has four or more bedrooms. If you’ve already got an en-suite or there’s not enough room, you could add some luxury touches to the existing layout. By fitting new taps, a good quality shower and screen or a heated towel rail you could improve the attractiveness of the bathrooms. Having a brand new bathroom installed could cost up to £20,000, but you should see an increase in value of up to 10%.

Improve the outdoor spaceincrease the value of your home child with garden journal

Outdoor areas are becoming increasingly important for homeowners and can make a sale. People want to feel that the garden is part of the home, so fitting new doors to open up the connecting space would be a beneficial improvement. If you can’t do this, then cutting down any excessive trees will help to increase the amount of light. Paying to have your trees cut down will cost around £300 or a complete garden redesign could be up to £15,000. However, garden improvements will add between 5 and 10% to the value.

A new fireplace

An outdated fireplace will detract from a stylish home and installing a new one could increase the asking price by 5%. A remote-controlled fireplace will cost between £3,000 and £5,000, but means a buyer could switch it on from anywhere in the room. Another good improvement would be to fit a wood burner. These cost around £2,500, but are extremely fuel efficient.

It’s important to consider your home improvements carefully, rather than jumping straight in. You don’t want to end up spending more on the work than you are adding to the value.

 

Share

Comments

About Catherine Stern

About Catherine Stern

Catherine Stern is a freelance writer with a background in marketing and PR. She currently writes web content on a range of subjects, from finance and business to travel and home improvements. As a working single mum of two young boys she understands the pressures that today’s working parents face and the topics they want to read about.

View all posts by