With house prices continuing to rise, homeowners are looking to maximise their properties value; thankfully there are several ways to do this, ranging from small to large. Whether you own one property or you’re a landlord or house flipper, there are a few areas you’re going to want to consider, ensuring you’re adding the most value to the home.
Converting your cellar or loft
Both of these options can potentially add up to 30% extra value on top of your current house price, which means it could be worth investing in renovating these areas of your home. What’s great about converting your cellar or loft is that you don’t require planning permission if it follows certain limits and conditions. Converting one of these in your property could potentially add another living space or bedroom, which on top of the possible 30% can add another 15% in value. So it’s definitely an area you may want to look into.
Replace old windows
Windows can be a huge issue for heat loss in a home which is why new, energy efficient windows are a great investment. Research has suggested that replacing your old windows can be one of the most valuable home improvements you’re able to make. Look at the windows of your property, if they are old, draft prone and tired looking it might be time to consider replacing them. They aren’t cheap, but the return you’ll be able to get from them is worth the investment.
Consider a new bathroom
A new bathroom can be expensive but, if you’re DIY savvy, then there are areas you can do yourself to save money and ensure that the return on investment is worth it. Experts have said that a new bathroom can add up to £25,000 to a properties value. To further save money, keep the layout the same so pipes and water inlets don’t have to change location. You may want to hire a professional to ensure that everything is plumbed in correctly, but you could look at doing the tiling yourself which could potentially save, on average, around £750. Once you’ve done this, if you want a wall-mounted mirror in your bathroom, then you’re going to require some strong adhesive to ensure it doesn’t budge.
Look at adding a conservatory
Adding a conservatory to your home can increase its value by up to 7%. With a conservatory, it can depend on the situation whether or not you require planning permission, companies who specialise in conservatories will be able to tell you if it’s required. Not only is it a great addition to your home, but a conservatory also adds another area which can be designed and created with exactly what you desire. The pricing of conservatories can vary so ensure you do your research and discuss with the company what specifications you need.