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There
has been a growing trend over recent years where people are looking
to perform work on their homes strategically, for the way it can
boost the selling price as opposed to simply renovating their home
just because they fancy a change. But what are the top ways in which
you can add value to your home?
Extensions
and Loft Conversions
Reconfiguring
your home could be the most cost-effective way of creating more
bedrooms. On the whole, it is more affordable to transform a
two-bedroom house into a three-bedroom living space over purchasing a
new house with an additional bedroom. A good builder and architect
would be able to work together in order to redesign your floor plans
to make the most of the space that you have available throughout your
home.
Adding
a brick built single or double height extension is one of the most
popular ways to add value to your home. Providing your building works
are well executed and planned meticulously, an extra can add around 12% to the value of your property.
Similarly,
loft conversions can dramatically transform your home for the better,
often with a smaller expense compared to that of an extension. Some
say ‘build upwards not outwards’, as this is the most effective
way of maximising your returns when you come to sell, adding around
15% to the value of the house in the long run.
One
of the main things to bear in mind when trying to add value to your
property is to avoid overdeveloping. You should speak to a local
estate agent to discover the ceiling price of your home, this way, no
matter what you do to it, your property can’t command an asking
price that is too much higher than that of the other properties on
your street.
Updating
your rooms
Renewing
tired rooms throughout your home can be a great way to start if you
are looking to add value to your property. Choosing to update your
bathroom may not necessarily add heaps of value, but it can certainly
boost the appeal, making it more attractive for new buyers. You need
to consider your bedroom to bathroom ratio. For instance, if you live
in a four bedroomed house with only one bathroom, it may be worth
adding in a second one which can add value too, as much as 9%.
Kitchens
are often referred to as the heart of the house, and for some houses,
this is where most spend their time. The kitchen ranks as one of the
top projects to renew and update, as the value adding benefits are
solid. Like the bathroom, the kitchen is one of the main things that
people look for, therefore boosting the appeal of your home if you
chose to modernise your kitchen design.
Decorate
the exterior
What
if I said that most home buyers make up their minds before setting
foot inside a home? While you may be focusing all of your attention
on the beautifying the inside of your home, you only get one chance
to make a good first impression. Therefore the exterior of your home
is equally as important as what your house looks like from the
inside. Improving the kerb appeal of your property doesn’t need to
be costly, nor time-consuming, but simple tweaks can make viewing
your home that extra bit delightful.
Brightening
up your exterior colour by providing a fresh lick of paint can go a
long way in attracting new buyers. Although this doesn’t
necessarily boost the value of your home directly, it will also be
sure to make your home look more enticing.
Eco-friendly
features
Green
living is one of the most dominating trends in home living and can
actually make all the difference when it comes to selling a home.
Green features and finishes make your home stand out against other
competitors in the housing market and can often help to secure a
sale.
To ensure you get the best possible price for your home, it
makes sense to add sustainable and energy-saving features to
traditional fixtures in your kitchen and bathroom. Properties from
rw-invest.com offer smart lighting that provides each homeowner with
the added benefit of reducing expensive utility bills and an elevated
style of living. This comfort knowing that you are only paying for
what you are using is a desirable factor when considering where to
buy.
