5 Investments That will Increase The Value of your Home
Follow my blog with BloglovinAdding value to your home can be tricky. There are a number of possible investments that could add value to your property but at the same time these same investments could end up not adding enough to cover the cost of the initial cash you put into it.
It’s important to remember that external factors such as the location of your home, current market conditions, economic factors and even the parking space outside of your house can dictate whether it’s wise for you to invest in something that may or may not add value to your property.
That said, there are a couple of sure fire ways you can add value to your home and even in the event of external factors working against you – they can still add some value regardless.
Get a Loft Conversion
Many people use their loft space as an extra storage area which is a huge waste really. If your loft is large enough, you should definitely consider converting it into a bedroom or something similar.
There are a number of different types of loft conversions that can be done so be sure to work out your budget beforehand and then get the right people in to get the job done professionally and efficiently.
According to Thisismoney, a loft conversion can potentially add up to 10% to your properties value.
Update the Bathroom or Add an Extra One
Both updating your bathroom or adding a new one can increase the value of your property however, the latter will probably add a little more.
Getting a brand new bathroom is also an option but that can be a little expensive so it may not provide the best return on investment. That said, if you’re lucky and a good offer becomes available on a new bathroom you should definitely consider going for it.
When it comes to updating your bathroom, pick out things that people will notice and replace them. Nobody likes to see an old dirty toilet, leaky taps or a rundown tub. Get these changed and your bathroom will start to look better and begin to increase your properties overall value.
Improve Kerb Appeal
First impressions are important right? Some experts believe it’s the most important.
Too many homeowners make the mistake of getting the inside of their home looking like a palace but then leave the exterior and garden looking run down, old and full of mess!
When a potential buyer pulls up to your home the first thing they will see is the exterior and garden – not the inside. Do yourself a favour and improve your homes kerb appeal.
This will not only give a buyer a better impression of your home before they have even gone inside but also increase the value of your home because there are always people looking for nice gardens to spend time in during the warmer weather.
Revamp your Kitchen
Kitchens are seen by many as the heart of the home so getting your kitchen to look good is a big plus and will no doubt add value to your home.
As with a bathroom, getting a brand new kitchen is an option but it can be expensive.
When looking to revamp your kitchen, don’t forget to replace any run down work tops or old cupboards. Also take a look at your sink and any stainless steel appliances. If they look run down replace them.
In our day and age more and more people are leaning towards energy efficient homes so if you can get your home to be more ‘greener’ you will increase it’s value. Some things you can do to achieve this include:
- Insulate your home. (Cavity wall and loft insulation)
- Invest in solar panels.
- Get in double glazed windows.
- Replace your bulbs with energy efficient ones.
There are a number of ways you can add value to your home however, you need to be smart about it and analyse external factors as well as your personal circumstances to get the most out of your investment!
We hope our article has provided you with the information you need to make a decision on which investment will add the most value to your home!
If you have no interest in adding value to your home and need to fast sale, consider selling your house to house buying companies like Housebuyers4u.
Housebuyers4u are genuine cash house buyers who guarantee to buy any house in any condition. Selling your home couldn’t be simpler, get in touch and see what they can do for you!