By increasing your home's appeal, through significant renovations or small yet impactful tweaks, you can still maximise the attractiveness of your home. From refurbishing the exterior to energy-proofing interiors, these tips offer ways to increase your property value, allowing you to navigate the market with confidence.
Refurbish the outside of your home: Enhance the curb appeal of your property by refurbishing the front door. Simple changes like adding a new £30 doorknob, £25 brass letterbox, or stainless-steel house number starting from £5, along with a fresh coat of paint, can make a significant difference. Painting the entire exterior of the house can further increase its appeal and value.
Convert your loft: A loft conversion can significantly increase your home's value. A full loft conversion will set homeowners back by around £17,500 on average, but it should add roughly 15pc onto a home’s value – £31,096 on average, for a profit of about £13,500. Adding a bedroom and en-suite bathroom in the loft can particularly raise the value. Ensure to check for necessary planning permissions before starting the conversion, and inform your home insurer about the changes.
Turn your garage into a spare room: Converting a garage into a living space can add considerable value to your property. The average cost to do this is £15,450, with an average increase to house price value of £41,462, generating a profit of about £26,000. Properly linking the new room to the main house is essential. Depending on whether the garage is integral or separate from the house, you may need to obtain planning permission.
Energy-proof your home: Improving the energy efficiency of your home not only adds value but also makes it more attractive to buyers. Consider insulating walls and the loft to reduce heat loss. Properties with higher energy efficiency ratings typically attract a premium compared to less efficient ones.
Apply for planning permission: Even if you're not immediately undertaking major renovations, securing planning permission for future projects can boost your property's value. The potential increase in value varies depending on factors such as location and the type of permission obtained.
By having a go at any of these five property tweaks, you can enhance your home's appeal and potentially increase its value.
Sourced from The Telegraph
