Nowadays, more people than ever are trying to find ways to increase the value of their property. Some homeowners choose to renovate their current home so that they’re able to stay longer and when they do eventually decide to move, they will receive a significant sum of money due to the investments they made.
Choosing to invest in home improvements can not only create more space in your home for you to enjoy all year round, but it can also add that all-important value to your property too. With contemporary renovations and intelligent solutions to creating more space, you can increase the overall value of your home by thousands.
If you have the time and resources to update the interior or exterior of your property, it’s a good idea to do so. Here are 6 ways to add value to your property.
Renovate Your Kitchen
Outdated kitchens can be a big deciding factor for potential buyers. Old kitchen units and flooring combined with features that would benefit from a more modern touch don’t put you in good stead when you’re planning to sell your home. You can add value to your property by renovating your kitchen. Contemporary, open plan kitchens are increasingly popular and if completed professionally, you could see the value of your home rise by up to 10%.
Replace Your Windows
Single glazing windows with timber frames can present a range of issues to new homeowners and as such, can deter potential buyers from making an offer. Not only that, but you will find that by replacing your current windows with durable double glazing windows, you can reduce energy bills and increase your property’s overall value by up to 3%. Nowadays, UPVC windows are available in a range of styles and colours to suit your aesthetic, and even period properties can retain their classic appearance with clever, new designs.
Review The Idea Of An Extension
Rather than moving to a larger property, which can certainly be a costly and stressful process, especially when you’d be happy to remain in your current home if you had a little more space. Of course, investing in an extension can cost up to around £40,000, however the benefits far outweigh the disadvantages. As a result, not only will you have the additional space you’ve been wanting, but you will increase the overall value of your property by 5-10%.
Redo Your Bathroom
You can add up to 6% to the current value of your property simply by renovating your bathroom. Modern buyers are looking for contemporary designs and functionality, so even by updating your bathroom suite or changing from bold colours to neutral tiles and flooring, you’ll soon see the interest and value in your property peak.
Install a New Boiler
One thing that is often overlooked when it comes to improving a home and adding value to a property is the boiler. In the UK, we are so used to the heating just working that it common for homeowners to just leave an old boiler running despite the fact that it is inefficient and not necessarily the best heat source for the property. By spending between £1500 – £4000 you can improve the value of your property overall. Whilst installing a new boiler will not increase the value of your property in the same way a home extension will, it will make the property much easier to sell in the same way new carpets and a lick of paint will.
When installing a new boiler, you will want to go with a reputable plumbing company that you can trust. By having the right paperwork and information available when selling you will give your prospective buyers peace of mind and reassurance. The heating system in any home is used regularly, so If you want to add real value to your property, look towards improving your boiler and heating system.
Rethink Your Curb Appeal
First impressions matter and the exterior of your property is just as important as what’s inside. Add curb appeal to increase interest, all whilst adding value to your home. Consider adding a driveway, landscaping your gardens, or even replacing your front door. Ticking as many boxes as you are able can certainly ensure that you walk away with a quick sale and more money than before.
If you are considering selling your home, it’s important to consider the current state of all parts of your property before putting it on the market. If you have the time and budget to make changes, be sure to do so. You may find yourself selling your home for more than you’d ever expect, simply because you took the time to invest.