For homeowners, the question of how much their property is worth is of the utmost importance, especially for those who wish to sell and move house. If you’re a homeowner, you’ll be pleased to know that there are several ways in which you can increase the value of your property, including renovations, decoration or even a bit of low-budget restorations here and there.
However, before you dive into any drastic transformations, we suggest you speak to your local estate agent who is clued up on the house sale prices in the area. They will be able to tell you what sort of renovations you should focus on in order to increase the value of your home.
In the meantime, we have come up with some of the most popular ways to boost the value of your property, as well as its selling power. Even if you don’t want to sell up now, your investment will pay off in the future. Here are our tips:
- Build an Extension
Have you always dreamed of having a conservatory? Perhaps your kids are getting too old to share and need extra bedroom? Extending your home can add to its asking price, but requires careful planning. Taking up too much of the garden with your new room can have a detrimental effect, because it will make your home feel unbalance and could potentially put buyers off.
Any large home improvement projects must comply with Building Regulations to ensure it is safe, secure and fit to live in. It’s also important to check whether or not you need permission to carry out building work on your property.
- Convert Your Loft Space
Converting your loft is an ideal way to add to the space in your home without interfering with the garden. It is an incredibly cost effective technique to increase your property value by up to 20%.
For a simpler loft conversion that doesn’t disturb the structure of the building, it is unlikely that you will require planning permission, but as with extensions, it’s always good to check. You will a need to have your loft space assessed initially, to see if it is actually appropriate for a conversion.
- Incorporate Energy Efficiency
By making your home more energy efficient, you not only save money on your utility bills, but you’ll also make more money when it comes to selling. Laying loft insulation, for example, can help you save over £100 a year on your heating costs. You could even consider investing the money you save on bills into other home renovation projects.
Categorised in: News
This post was written by Innermedia Ltd