Deciding which home improvements to make can be difficult – especially if you’re planning to sell up in the next few years. While you may want to revamp certain areas for your own satisfaction, you should also take time to see which upgrades would add must value to the property.
For example, you may decide to install a whole new bathroom or kitchen and spend thousands of pounds on it – but would this result in a return on investment? Would it actually boost your home’s value enough to make it worthwhile? Here are the top improvements which add value to your home, so have a read before you splash out on a new conservatory or loft conversion.
As a loft conversion typically adds another bedroom to the house – possibly even another bathroom too – it can boost the value of your home by 10%. It will add much needed space, which many buyers are looking for, and create a three storey home which is seen as very attractive. However, loft conversions can be very expensive depending on the size, but it almost guarantees a return.
A current demand for en-suites and properties with two or more bathrooms mean building an extra restroom can be a great selling point. Even a small cloakroom could be beneficial and extra bathrooms tend to add around 6% to your property value.
A conservatory is a great way to add space to a home without spending too much. Conservatories and orangeries provide a versatile space which can be used for pretty much anything or can add to an open plan living area. They also let in lots of light which is a good selling point.
Fitting a new kitchen could be the magnet for your buyers. As the central point of the house, everyone has different ideas about how a kitchen should look and the trends change frequently. Currently, the open plan trend calls for large spaces, with kitchens and dining rooms to be integrated.
Buyers often presume they will have to renovate the kitchen once moved in – if you provide a new, modern and attractive kitchen which doesn’t updating, buyers could be willing to pay more. On average, a new kitchen can add 6% onto the property’s price.
Any of these home improvements could ensure that value is added to your home. You’ll also get to enjoy the revamp before you sell and move into a brand new home.