If you’re looking to take the next step up on the property ladder but are struggling with jumping up to the next price bracket it could be time to consider making changes to your current property to increase its value. Here’s Forbes Estate Agents 7 ways guide on how you can add thousands to your home’s value:
- Turn the garage into a living space
If your garage has become more of a dumping ground for all your old junk than a space to park your car, it could be worth considering transforming it into a useable space. Whether you want to turn it into a playroom for the kids, a home office, utility room or an at home gym, the cost of making changes typically outweighs the value that it will add to your property. So why not take a look at your garage and think about what you could do.
- Create a driveway
In urban spaces, parking is all important and being able to park right outside your front door can come at a premium. If you have a front garden that is going to waste perhaps consider paving it to create off-street parking. It will certainly increase the appeal and value of your property.
- Loft conversion
This is probably the easiest way to add an extra bedroom and bathroom to your property without causing too much disruption, and can typically add around 12-15% to your property’s value. But before you start making any changes you will need to check you have planning permission. It’s also essential to consult an architect or builder who will be able to tell you if you need to strengthen the joists and what other changes you might need to make to the structure to ensure it is safe and liveable.
- Go for glass
Whether it’s adding bi-fold doors or building a conservatory or orangery, making improvements to how your outside and inside space flow could add as much as 15% to the value of your home. A conservatory or orangery adds another room to your living space and designing it as a little heaven to sit and relax in will only increase its appeal to potential buyers. While bi-fold doors are a slightly cheaper option they will give the illusion of an extension making the outside space into functioning living space you can enjoy some alfresco dining.
- Improve your garden
A tidy and well-designed garden can add a great deal of value to your home. Whether you have a large green space or a cute courtyard, outside spaces have become a room in their own right so investing money right now could not only make it more enjoyable to live in but also add 6% to your overall home’s value.
- Update your kitchen
The kitchen is usually the heart of the home so if yours is looking a little tired now is the time for a revamp. A cost-effective way is to replace doors and update any integrated appliances. But if you have some money to spend on creating an open living space could make it more saleable and add 4% to your property’s value.
- Buy a new front door
You’ve heard about curb appeal and there’s nothing more off-putting than a bad front door. Whether it’s damaged, neglected or just plain ugly it can give potential buyers the wrong first impression. While it may not add thousands to your home’s value like a loft conversion does, it will certainly help with first impressions and more viewings from potential buyers.
We trust these improvement ideas help add value to your home. If you’re thinking of selling and would like help and advice on your property’s market value, we’d love to hear from you so get in touch with Forbes Estates today. Call on 01257 273324 or drop us an email at info@forbesestates.com
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Best regards
Paul
