There are lots of motivation for increasing house value, so whether you’re looking to do so before you sell or just to improve your home for yourself, we’ve got some handy tips for you!
How to Increase Home Value?
1. Add a bedroom
Adding another bedroom to a property is one of the best ways to dramatically add value, as it can increase it by as much as 20% if done well and fully compliant to regulations. There are a few ways that you can add a bedroom –
- Adding an extension, providing extra space
- Converting an attic or loft into a useable bedroom (this option has more rules and regulations that you will need to adhere to for the room to be defined as a bedroom)
- Erecting a wall in a large room and splitting it into two
- Redesigning a room that you don’t currently use, such as an office or dining room.
Homes with more bedrooms will have a higher value, but you should be aware that if you add a room and don’t do it in the right way, you could end up lowering your property value. Some homeowners make the mistake of not getting planning permission for their extensions or converting a loft space and not following the correct procedures which result in the room being unusable. Make sure that you do your research and know what the legalities are before you start making changes.
2. Renovate the kitchen or bathroom
A great way to increase your property value is to modernise an existing bathroom or kitchen. This not only means that your house is worth more, but it makes it more appealing for potential buyers as it’s something that they won’t need to do when they move in. Depending on the condition of the room before you renovate and the quality that you raise it to afterwards, this can increase property value by around 10%.
When you look at doing up a bathroom or a kitchen, size is a big factor to take into consideration. Now more than ever, spacious rooms are incredibly desirable, especially with so many of us spending so much time at home. You can modernise these rooms with stunning décor and gadgets, increasing your value and encouraging your viewers to move forward and make an offer on a house that’s ready to move into and start living right away with little to no work needed!
3. Outside space
Access to open space is incredibly desirable and is a request that a huge amount of buyers on the market are making when they look to buy a property. Whether it’s a balcony or a garden if you’ve got some outside space try and make the very most of it to interest those buyers and help you sell. Gardens will usually increase the property value more than a balcony, but this depends on the condition of it and the maintenance needed.
If you have a garden but don’t tend to use it, it’s worth spending some time improving it to both raise your property value and make it more appealing for your viewers. There are plenty of options for you, and often homeowners will split the garden so there’s a grassy area, with a paved or gravelled part to be able to have seats or benches as well. This offers the best of both worlds to anyone interested in your home and increases the interest buyers have when visiting – because outside space is so popular, improving it is a great idea if you’re looking to sell your house fast. Visit www.webuyanyhouse.co.uk for more information.
4. Office space
Homes with a space to work in are incredibly desirable and help to both increases your value and raise interest with buyers. There are several ways that you can design office space in your home if you haven’t got it already – some will choose to use a smaller bedroom, or even create a nook in a hallway that can become a great working space.
To make the best home office, you will need space for a desk and chair, along with some storage for any paperwork and plenty of plugs to be able to run all of the electronics needed. Office space is a huge plus in any property with so many people working from home and is another feature that a lot of potential buyers are seeing as essential when they view, so having that feature will benefit you and increase your property value.
5. Convert cellar space
Having extra space will always help to increase your value, and even more so if it can be used daily and become an integrated and enjoyable part of the house. Converted basements or cellar spaces are becoming an incredibly popular way to increase property value as there are plenty of options for how you can go about defining the room and it’s often seen as an easier way to extend, depending on the condition of the room before you start.
Some of the most popular uses of a converted cellar room are –
- An extra bedroom
- A second lounge
- A games room for kids
- Extra storage
- a ‘man cave’
There are plenty of options for you, so you can decide which will benefit you most, or if you’re raising your value looking to sell, which you think would appeal most to buyers that would be looking at your house. If your house has a small lounge or very little storage, then it can help you decide how to define the room for it to gain the most interest.
There are plenty of ways for you to increase your property value, and on varying budgets to suit you too. The key to raising your value is to make sure that you’re not spending more money than you will see back when you sell – so you don’t see a loss at the end. Taking time to plan and confirm that the changes you want to make are the most beneficial will let you increase your house value and help you sell faster!