There are many different reasons why someone will buy a property, but one of the most common reasons is a safe long-term investment. House prices in the UK property market are slowly rising. However, there are numerous ways you can help improve the value of your home. But hold on, before you whip out the toolbox and start pulling apart your living room wall, be aware that different properties in different areas may value certain features differently. So if you’re planning a big revamp, it’s worth speaking to a local estate agent first.
Create Kerb Appeal
A more simple way of adding value to your property is by improving the front side of your home. Most buyers will decide whether or not they like your home before they’re even through the front door. It’s important to make a good first impression; you must’ve heard the saying “first impressions count.” Repaint the front door, add a few plants, cut the grass or wash the windows, it all helps. Having an attractive house front is the first step to adding value to your home.
Convert the loft space
One of the most popular and cost-effective ways of adding value to your home is with a loft conversion. Although this can be a pricey investment at around £20,000+, a converted loft can add up to 12.5 percent to the value of your home. However, not all properties are eligible. The age of the house, roof structure, head height, and planning constraints, could increase the price tag or put a halt to the conversion altogether.
Buy a new kitchen
Did you know that your kitchen is the most valuable room in your home? In a study carried out by kitchen appliance manufacturer, Britannia Living, 52% of the UK population agreed that a kitchen is the most valuable room. The kitchen has become the focal point of a home as it’s used so diversely. So if you’re going to makeover any room in your home, make it the kitchen. Having an attractive, easily accessible and modern kitchen can do wonders to the value of your home. However, it’s essential that the price bracket of your new kitchen matches that of your property. For instance, spending £20,000 on a kitchen when your house is valued at £175,000 is a big mistake.
Get rid of the garage
Although garages are still valued by home buyers, they may not be used for the reason they were built. Shockingly, 90% of British garages do not contain a car. Instead, the majority are used for storage and are a wasted asset. Turning the garage into an extra usable space is a great way to add value your home. Creating an extra living space will appeal to most future buyers. However, adding a DIY workspace, gym, utility/storage space, are also great ways to remodel your garage and add value to your home.
Cement your investment
Does your property have a large front garden which you never use? If so, why not transform it into off-road parking spaces? Homes in urban areas where on-road parking is limited or restricted can significantly benefit from off-road parking, as it will automatically add value to your property. However, you may require planning permission if the road is an A- or B-road, so it’s important to check first before you start digging up your lawn.
So there you have it. Just a few ways you can add value to your property. If you would like to know more about improving your property, or if you’re thinking of buying or selling, get in touch! We’re a friendly bunch, passionate about our county and our counties beautiful properties. We can be reached on 01603 300900, by email [email protected] or pop in and see us at De Vere House, St Faiths Lane, Norwich, NR1 1NE.