5 Ways to Make Your Home Worth More
published on 07/06/2018
Do you want your home to increase in value and stand out from the others in your street? There are certain things you can do to add value. Have a look at these five renovation projects that are sure fire ways to increase the value of your home.
Convert your Loft
If you need extra space a loft conversion is the ideal way to gain another room in the house. You can add an en-suite bathroom and you will have created a private space at the top of the house. You can use it yourself or you can create a living space for your teenager to relax and study. The conversion could add more than 10% to value of your home if it’s build professionally.
Utilise the Basement
This type of conversion isn’t cheap. But, it will give you plenty of extra room and help to increase the value of your home. It’s cheaper to convert an existing cellar. But you could also excavate the basement to create an entirely new space if you have the budget. Remember to factor in costs for planning, lighting and engineer’s fees. Once you’ve built underground you can in some cases double the square meterage of your home. The extra space means that you don’t need to move. But if you decide to sell you should get the money back you spent and more if your home is worth around £300 per square foot.
Add a conservatory
You don’t need planning permission to add a conservatory and it’s a fairly inexpensive way to add value to your home. They are available in all shapes and sizes and you can spend from £5,000 to £30,000. It’s a nice way of bringing the outdoors inside. You can make it somewhere cool and inviting for the summer months. Or, with the addition of heating make it a warm cosy space for the winter.
Turn the Garage into a Room
If you have a garage and you use it to park the car off-street then you should keep it as it is. But, if it’s just used as extra storage room and it is full of boxes and old junk, it’s time for a re-think. Many garage conversions don’t need planning permission. This means you are only looking at the costs of the conversion and not additional paperwork. A garage conversion can give you the extra space you need. You can create a bigger kitchen, an extra lounge or a bedroom on the ground floor for an elderly relative.
Create A Parking Space
If you don’t have a garage, but you do have a front garden, it may be worth converting it into a parking space. It will add value to your home if you live somewhere where parking is hard to find. You may need planning permission and you can expect to pay in the region of £10,000 to get the job done.