If you want to work your way up the property ladder to your dream home, you need to know how to maximise the value of where you live now. It’s not just about cosmetic enhancements such as converting the loft or redesigning the kitchen — you need to think logically and add value where other houses on the market are simply unable to.
These 5 value-adding home improvements can significantly increase the value of your home when you put your home on the market:
- Create space
Knock out a non-structural wall, or even remove that kitchen island. Anything that opens the space and creates a sense of flow in the house is generates a response from buyers who can afford to be choosy. Currently buyers are looking for an open planned space where rooms flow from one another, providing a great family or entertaining space.
You can also create a sense of space by ensuring that there are plenty of mirrors in your home; A clever and cost-effective trick to give the illusion of space. It’s all about creating a light and bright open space.
- Convert the loft
Increasing your living space with a loft conversion is an easy way to add another bedroom and bathroom or even a home office or living area. On average a loft conversion can add up to 20% onto the value of your home. So it is important to balance out the cost of the conversion with the current value of your home and see if it is a beneficial development.
Loft conversions are ideal for creating additional living space in your property without taking away any outside space to our property. Letting you add square footage to your home rather than taking away vital garden space.
- Pave over the front lawn
If you live in the heart of the city or busy suburb where parking comes a premium, swapping your front lawn for a driveway can be a savvy and practical move. One of the most common requirements now when looking for a new home is off road parking. If you can add off street parking to your home, then it will really stand out from local competition.
- Make the most of the outside
Installing glass bi-folding doors along the back wall of your home not only makes for a brighter living room or kitchen, it can really bring the garden into the house. People often take into consideration the size of the garden when looking for a new home especially if they have children.
- Get a new kitchen
If your budget stretches to just one refit in the home, make sure it’s the kitchen. Keep it neutral and practical in design – and make sure the cost of the work is relative to the current value of your home. The kitchen is the heart of the home and often the key selling point, so make the most of it. A great kitchen can sell your home.
Not all of these ideas can be implemented in your home otherwise your investment will out way your return, however, selecting one aspect could really transform your home and its potential value.