The majority of homeowners hope that the value of their property will increase over time. Regardless of whether you’re planning to sell in the near future or intend to pass your house down to your children, you’ve probably given the issue some thought since buying your home. While the uncertain economic situation makes it impossible to give any guarantees, there are several effective tactics you can employ to raise the value of your house. The right option for you will depend on the specifics of your property and your budget. Here are some ideas to get you inspired.
Fix the problems first
Before you get excited about making cosmetic upgrades, you need to deal with the existing problems your property has. Any structural issues will be discovered in a survey and lower the value of your house, so address these first. For instance, this includes concerns such as cracks, mold, dampness, leaks, and problems with the roof. Some repairs you might be able to do yourself if you’re good with DIY, but in most cases, it will be wise to call in the professionals. Of course, you can skip this step if your home is in perfect condition already!
Make practical improvements
Even if your house doesn’t have any problems, there will still be ways in which you can improve its structure. For example, you could install new double-glazed windows, opt for secure new front and back doors, go green with solar panels, or have a wall and attic insulation put in. Many of these changes will not only add value to your house but also reduce your energy bills – something particularly beneficial with the increased cost of living. They do require some upfront investment, but they will almost definitely be worth it in the long run.
Upgrade your kitchen
The kitchen is one of the most important rooms in the house, so it’s a good place to focus on when you’re looking to boost the value of your property. You could opt for a full renovation with new appliances, countertops, flooring, lighting, and so on, or make smaller upgrades as appropriate. Installing useful gadgets such as a boiling water tap and garbage disposal in the sink can also be great extras that both attract buyers and help you to get more enjoyment out of your kitchen. For bonus points, try centering your redesign around a theme, such as country chic or sleek minimalism.
Remodel the bathroom
Nothing dates a house faster than an old-fashioned bathroom, so renovating yours could be a fantastic way to improve your home. Luxurious upgrades like a freestanding bath, double sink, or large cubicle with a brand new shower can help to grab the attention of buyers and evoke a relaxing spa atmosphere that you’re sure to love. In most cases, it’s best to choose an elegant and timeless design in neutral colors, then spruce it up with well-chosen accessories such as bath mats. To truly boost the value of your property, think about adding an ensuite or extra family bathroom if possible.
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Consider an extension
One of the most effective ways to add value to a property is to increase its size. There are several ways in which you can do this, including:
- Converting the loft into a usable room, whether it’s an extra bedroom, a home office, or a kids’ playroom. Be sure to include skylights to make the most of the sunshine
- Adding a conservatory, which you could use as a living room, dining room, office, playroom, or gym
- Transforming the basement into a den, games room, home theater, gym, or other similar room that takes advantage of the space’s atmosphere
Remember that you might need to get planning permission before you start, and be sure to choose a professional and reputable company to handle the work.
Don’t forget the backyard
Most people tend to focus on the interior of a property when doing a renovation. This is perfectly understandable, as it’s where you spend the majority of your time. However, it’s important not to neglect the exterior of your house when thinking about upping its value. After all, you want to make a good impression with potential buyers when they have a viewing! You might consider having the backyard landscaped to transform it into a pleasant place with decking or a patio where you can dine and socialize. When it comes to the building itself, even a fresh coat of paint or a couple of window boxes bursting with colorful flowers can make a big difference!