4 Ways To Add Value To A Home

22nd April 2021

Getting on the property ladder is a position a lot of people want to find themselves in – because there are many benefits to being a homeowner. You can decorate your house how you like without having to ask a landlord for permission or worrying about losing your security deposit. You are not paying off someone else’s mortgage through rent, and it is an investment that usually you can make a profit on, if you decide to sell your home later on. However, if you want to make sure you get more for your house than you originally paid for it, you will have to make some home improvements to add this value, and below are some examples of how you can do this.

1. New Floors

A simple way to update your home and add value is by putting down new flooring. If your carpets are wearing out, replace them with cosy new fabric that will make your home feel warm and welcoming. Alternatively, you could replace carpeted floors with hardwood, which is a timeless look that many people love, especially when paired with a decorative rug. For hallways, kitchens and bathrooms, consider how tiled flooring will add elegance to the property.

2. Get an Extension

If you have the budget for a bigger project, getting an extension on your home could be a great option for you. Adding a room, or making an existing one bigger, can help to boost your property’s value and make your living space more comfortable. Not all extensions require planning permission, but this will depend on the size of the project, so make sure you are checking the restrictions in your area with your local authority before you move forward with your plans. You can do pretty much anything with this space, from creating a cinema room to installing a gym, so why not think about what you want most for your home and how it will benefit you financially down the line.

3. Loft Conversion

If you do not have space on your land to extend your property, perhaps a loft conversion would be a better option for you? If you are not using your attic space for storage why not turn it into a spare bedroom, a bathroom, home office, or even a playroom for the kids (you may want to check out some indoor playroom ideas so you can get a good sense of what to go for if this is your choice). There are many things you can use a loft conversion for, and they are thought to add about 20% to the value of your home provided they are good quality. You can speak to specialists like this company that offer loft conversions North London for more information about what you can do.

4. Update the Kitchen

When buyers are viewing potential homes, one of the things they look out for is the quality of the kitchen. As this is one of the most used rooms in the house, there must be adequate storage space for food and kitchen utensils, decent appliances, and quality fixtures. Some of these changes are easy to make; for instance, upgrading kitchen mixer taps is a simple fix. This elevates your kitchen and boosts its value. Another important factor to consider is that the kitchen needs clean surfaces and good ventilation. Give it a good scrub, clean the grouting, and make sure that you’ve dusted the vents. If your kitchen is looking a bit run down, consider getting a remodel with some smart appliances that will not only be more attractive to potential buyers but improve your cooking experience, too.