If you’re thinking about selling your home or just planning for the future, then you’re likely looking for ways to increase its market value. While property does go up in value naturally, there are ways that you can hugely increase that amount. Some of these options require some renovations, which will take time, but the investment will pay off when you choose to put your home on the market.
1. Add a loft conversion
Empty loft or attic space does little for a home’s market value. By adding one to your home, you can expect a dramatic increase in your property prices, especially if you convert it to a bedroom. Bedrooms can add an extra 15% onto the value of your house. If you can install an ensuite with it, then that’s even better! There are tons of different loft conversion options, ranging from just installing skylights, with no structural changes, to dormer extensions. You can choose to use the new space for whatever you like, but they work great as a home office, gym, additional lounge space or extra bedroom.
2. Make your living space open-concept
Traditional English homes feature many small rooms, but an open-concept is what people want nowadays. An open and airy living area, complete with kitchen, dining room and lounge, all in one space will help to bring the value of your property up. Instead of needing to build on to your home, you just need to knock down some walls to open it up. It’s not possible to do this in all homes and will depend on your layout. You can still add on an extension to achieve the open concept living space, but it would take longer and require more of an investment. It’s still worth it though for the added value.
3 .Landscaping and kerb appeal
It’s just as important what your house looks like on the outside as it does on the inside. After all, potential buyers will see the outside first, and you want to make a solid impression from the beginning. Investing in the exterior of your property is essential. From the landscaping in the gardens to outdoor entertaining areas, the more you get out of your exterior space, the better. Adding a new coat of paint, a modern door and new outdoor lighting is an inexpensive way to boost the market value without undertaking any lengthy renovations.
4. Convert your garage
If you’ve got garage space and don’t use it for your vehicle then it’s an excellent opportunity to add some additional functional space to your home. If you have parking outside, then you may not need your garage to store your vehicle. In that case, a garage conversion is a perfect way to boost the value of your home. Converting your garage to a living space is relatively straightforward, with many local planning authorities not requiring planning permission. It’s always a good idea to check with them about what you’re planning to do anyway to check if there is anything you legally need to do before you start the build.