Five ways to increase your home's value

Share

Share on Twitter Share on Facebook Google plus Email

From an extra bathroom to solar panels, here are a few ways you can make your house stand out

A new year is on the horizon, and with it, many will be making plans to spruce up their homes in time for spring.

If you plan on selling your property, or just wish to revive your dreary decor, here are our top tips to make you fall in love with your home once more, and maybe even increase its value.

1. Kerb appeal

 

aaa

 

We all know the saying ‘don’t judge a book by its cover’, but that is precisely what potential buyers will do when checking out your property. First impressions are everything, and can be addressed with even the smallest of budgets.

For those with less to spend, simply ensure that the front of your property is tidy. If you have a lawn at the front of your house, de-weed regularly and take care of your plants. Although it may seem like a quick fix, this will reassure viewers by giving them the instant impression that you take good care of your property.

If you have extra money saved for home improvements, investing in good quality windows can instantly increase your home’s value. Additionally, consider repaving your driveway for an instant revitalisation of your property’s exterior.

2. Feeling flushed

 

bbb

 

The number of bathrooms and bedrooms that are in a house are an important consideration for new buyers. So, if you have the space, consider installing an extra WC into your home.

In a study conducted by Nationwide, it was found that an extra bathroom was an invaluable feature when searching for a property, “a second bathroom remains a favourite amongst homeowners, and our research shows that creating an additional bathroom can add 5% to the value of the average house.”

Extra bathrooms needn’t take up a lot of space, especially if you’re just planning on including a wash basin and a toilet. Bathroom Guru recommend a minimum size to be approximately 80cm x 140cm; so, utilising extra space under the staircase or connecting to a bedroom could potentially mean more money when you come to sell

3. Loft-y aspirations

 

ccc

 

A larger renovation project requires a heftier budget, however, extending into your loft could see huge benefits in terms of space and price.

The National Association of Estate Agents contend that a loft conversion “probably gives back the best value for money” when compared to other renovations.

It not only increases the potential for more bathrooms and bedrooms, but also results in easy access to lots of additional storage. A loft conversion is a fantastic way to fall back in love with your property, and is undoubtedly a worthwhile investment.

4. Bring some sunshine

 

ddd

 

Over the last few years, solar panels have become more and more affordable. In September 2017, the government announced that solar panels had fallen two-thirds in price since 2010.

Provided they are installed properly, it is thought that making energy saving improvements to your property could increase its value by 14% on average.

However, there are a number of factors to consider before you make the investment into domestic renewable energy. Ideally, your home should be south-facing if you are planning to install solar panels. Additionally, panels that are an eye-sore may drastically affect the re-sale value of your home.

Solar panels are a long-term investment, and are not recommended for those with the intention of selling their property in the near future. Check out the government’s Renewable Heat Incentive Calculator to find out how your home could benefit from renewable energy.

5. Get smart

 

eee

 

Injecting smart technology into your home could make day-to-day life run more smoothly, and the investment may even increase your property in value.

In a Yale survey, it was found that a shocking 70% of people didn’t have a burglar alarm installed in their home. A fully-functioning alarm system could reassure potential buyers that your home is safe and burglar-proof, and should be a basic addition to any home.

Smart locks and keys provide additional support, reinventing the way that you secure your property. Companies such as Nest and Yale have introduced their own versions of these devices.

Read our Guide to Alarm Systems for more information.

Don't have the cash to improve your home? Admiral Loans might be able to help. 

Share with your friends