Home improvements can pay off
If you are thinking of putting your property on the market, you may wish to consider a few home improvement techniques to increase your return on investment (ROI). These new features can give your home a competitive edge and improve your chances of bagging that sale. Seek an estate agent’s advice to make sure the investment is worth it and is guaranteed to result in profit. In terms of adding value, the sky isn’t the limit for all homes.Loft conversion
This is the most cost-effective way to add value and gain living space. Depending on the number of rooms, you can expect a value increase of 20 to 25 per cent when creating a double bedroom with en suite this way. Get quotes from different providers and be sure to use a reputable service with sufficient experience of loft conversions.
Extension
A ground-floor extension can raise the value of your property by five to ten per cent, while adding an extra bedroom to create a four-bed house will raise the value of your property by ten to fifteen per cent. Check with the local planning office to see if you need permission and don’t be overly enthusiastic when planning how much space you intend to use. Taking up too much garden space, for example, can actually be detrimental to your property value.
New kitchen
For many people the kitchen is the most important room in a home. A new kitchen can be incredibly attractive to buyers and can raise the value of a property by as much as five per cent.
Extra or new bathroom
A new bathroom or an en suite bathroom can raise the value of your property by 5 per cent. If you don’t have a decently sized space to add an extra bathroom, however, don’t try and squeeze one in. Also bear in mind that losing space from a bedroom could actually devalue your property.
Conservatory
Adding a conservatory can raise the value of your home by four to five per cent. Choose a design that complements the style of your home and check with your local planning department whether you need permission.
Eco upgrades
Several specialist home sites predict that within the next five years having an ecofriendly
house will raise the value of your property by five to eight per cent more than a
standard home. If your budget allows, consider water-saving plumbing fixtures,
insulation and solar-panel heating, which will also save money when it comes to energy
bills.
