If you are thinking about selling your home or want to make sure you can get the most back from your investment, there are a number of ways in which you can add value. This does not mean installing swimming pools in basements; instead, it means making simple, cost-effective additions that will help you to get the most from your property sale.
A survey of professionals by the National Association of Estate Agents (NAEA) identified the top home improvements for adding value to your property.
It goes without saying that you are going to add to the value of your property if you can add to the floor space. Single-storey extensions for purposes such as dining areas or kitchens often won’t require planning permission, so may be easier; alternatively, you could look at double-storey extensions that add another bedroom to your property. It is estimated that around 11 per cent is added to the value of the property when £20,000 or more is spent on an extension.
Add a bathroom and/or boiler
If you think you have the space to add a bathroom to your property, this could be a worthwhile investment – five per cent is the average value added to a home with an additional bathroom. Speak to your plumber to see what options are available; in addition, you could speak to them about boiler installation in Woking or your current location. Woking boiler installation through RJ Plumbing or another local company could add to your property value, as you can show the new boiler and its guarantee to prospective buyers. In this way they will know that this is a cost they won’t need to meet for the foreseeable future.
Open-plan living spaces
Many homeowners today are seeking a contemporary, open-plan space for themselves and their family to live in. This is becoming increasingly sought after and if you can offer this to prospective buyers, it could add to the value of your property. If you can open up your kitchen and dining room to create one large open space, this could add six per cent to your home, with the average kitchen costing approximately £8,000.
If you are thinking about making any home improvements to your property, look at the costs involved and what potential increase in house value you could achieve.