Adding Value to your Property
Whether you’ve been a homeowner for many years or have recently got onto the property ladder, you may be looking for ways to add value to your investment. Of course, with the sluggish housing market and the insecure post-Brexit climate, you may not be keen to sell up just yet.It’s never too early to think about home design in a bid to get the highest return on your abode in the future, however. And, if a move is imminent, a little renovation could see the price of your property rise.
So with this in mind, here are 10 home ideas that could lead to financial rewards down the line:
Build a New Bedroom
If you’ve the planning permission to extend, why not build a new bedroom as many buyers these days are not only families looking for increased space but couples hoping for a spare room too? Home extensions can instantly hike up your selling price and, while you’ll need money upfront to make it work, you should see the benefits when it comes to receiving an offer.
Opt for a Loft Conversion
According to a survey of 110 estate agents carried out by GE Money, a loft conversion can help a property sell for 12.5 per cent more than in would have if no changes had been made. This is a great way to make the most of unused space, but be sure to make it look as natural as possible and not like it’s been grafted on at the last minute.
Add an Extra Bathroom
Queuing to use the bathroom in the morning is far from desirable, which is why many buyers – especially if they’ve a large family – look for properties with numerous bathrooms. Having a new bathroom installed can instantly add value and, with many architects able to incorporate en-suites into bedroom builds, this is certainly something to consider.
Revamp your Existing Bathroom
If you don’t have the time, money or energy to add an extra bathroom, fear not, as revamping the one you already have can add around 2.88 per cent onto the house value. The trick is to keep it simple and to minimise costs where possible, so look around for well-priced taps, heated towel rails, sparkling power showers, glass screens instead of shower curtains, and beautiful soft furnishings.
Install Central Heating
Winters can get rather chilly in the UK, which is why central heating is a must for many home owners. You’ll probably spend a couple of grand getting the job done, but you will make your property more appealing while simultaneously increasing how much it’s worth.
Make the Kitchen a Focal Point
The kitchen in many home is not just a room but social place where everything from cooking and gossiping to homework and parties take place. For this reason, make the kitchen a focal point by upgrading appliances and ensuring the worktops look as clean, new and sparkly as possible.
If you do decide to install a completely new kitchen, make sure the price matches the value of your house, as if you put a £25,000 kitchen into a £250,000 house, you won’t get your money back.
Increase the Amount of Usable Space
If you’ve lots of rooms but not much space, it may be time to knock down a wall or two. Often, walls unnecessarily divide rooms in the house which would be better off merging together, so it’s well worth contacting a professional to see if you can increase the amount of usable space and up your selling price as a result.
Build a Conservatory
A conservatory can add around seven per cent to the overall price of a property, so if you’ve a large garden that’s largely unused, this could be a great option for you. Again, you don’t want the conservatory to look like an afterthought, so ensure you think carefully about what materials to use so that it looks like a natural addition to your home.
Paint your Property
It’s amazing what a fresh lick of paint can do and, as curb appeal plays a large role in attracting buyers, concentrating on the front of your home could pay off. If property hunters believe there’s little work to be done when they move in, they might be willing to up their offer – and you can potentially put your house on the market for more.
Get Planning Permission
If you don’t want to extend yourself, it is still worth applying for planning permission. Why? Well, because you’ll save new owners a lot of hassle and will remove any doubt from their minds if they do hope to buy a property with renovation potential.
Contact your Local Architects Now!
There are many things you can do to increase the value of your property, so why not contact architects such as Bluelime Home Design who’ll be sure to help you out?