When it comes to adding value to your home there are all sorts of changes and improvements you can make.
But it can be expensive too, so be sure to get advice and plan carefully. It doesn’t always have to be big projects as small changes can have a big impact too.
1. Start with the big stuff
It goes without saying that if there are big issues to solve that these need to be looked at before thinking about cosmetic updates. The list below are some of the things that can knock value off your property, so are best to fix:
- Poor roofing
- Damp
- Subsidence and cracks
- Infestations
- Old or faulty central heating, windows, wiring and/or plumbing
2. Create more space
Changing or adding more space can be one of the best ways to add value to your home. We’ve listed some examples of ways to create more space in your home:
- An extension
- Creating a more open-plan living area
- Convert the loft into another bedroom
- Put in a downstairs loo or an en-suite
- Change the layout of a kitchen to include more dining space.
3. Can I add value without building work?
But what if adding space just isn’t an option? Well, refreshing or repurposing the space you already have can be just as good:
- Changing radiators
- Adding a fireplace or surround
- Adding some feature glazing or a roof window to create a lighter space
- Updating carpets and flooring
- Changing the lighting
- Adding and updating electrical sockets to modernise.
And if your property is older then restore original features such as:
- Beams
- Mouldings
- Fireplaces
- Doors
- Floorboards
- Picture windows.
Clever storage can add value too by making the most of space you have. Build in alcoves, understairs, and in cupboards, or simply make attic spaces accessible and garages functional.
4. Don’t forget the outside space
There have been big changes to the way we all live and work in the last 3 years and so garden rooms are an increasingly popular way to add to your home. And offer a way to add more space without impacting any of your existing rooms.
Kerb appeal is as important as it’s always been, so look at the outside as well as the inside when you’re making improvements.
- Repointing
- Re-painting
- Changing doors or windows
- Add cladding to change the style
- Building a porch
- Add parking spaces (if you have the room, especially in busy areas)
- And don’t neglect the garden, spruce it up and create another space for eating or entertaining.
5. Little things make a big difference
But it’s not all about huge changes and spending lots. It’s important to always compare the cost of any work to the value it’s expected to generate.
So small, cheaper changes are less risky but can still make a difference.
- A fresh lick of paint
- Sorting out the little problems like squeaky floorboards
- Sticking doors
- Mouldy sealant
- Blocked drains
- Fixing things that don’t work.
6. Add value and reassurance
You can even add value without making any physical changes by applying for planning permission for a proposed extension or conversion or by renewing a leasehold. Both adding value in terms of the reassurance they offer.
If you’re thinking of making changes to add value to your home then remortgaging may provide a way to help you do so.
Read our post here to find out more or contact us on 0333 005 0333. Alternatively, please text ADVICE to 82228.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP YOUR MORTGAGE REPAYMENTS.
Approved by the Openwork Partnership – 30/01/2023
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