One aim that people have when on the property ladder is to make a profit on their investment. They either want to sell to move up the ladder or make sure they have enough to pass on to children in inheritance.
Adding value often requires you to complete renovation work on your home, Whether it’s a single storey extension, creating an open plan living space, or adding a new kitchen or bathroom, there are several different ways you can add value to the home you home:
Below we will have a look at some of the ways you can do this:
Table of Contents
General Repairs
You may be surprised by how much difference and value repairs can add to your home. Depending on the age of a home, there could be a fair few repairs that need to be completed. With a new home, you are generally just dealing with maintenance, however, starting early and keeping on top of things such as the common new build cracks will mean that your home is kept in good standing from the start. With older homes, the will most likely be some repairs that need to be done, and they could make a huge difference. Looking at damaged plasterboard, chipped skirting boards, or flooring are just a few of the places you could start and see a massive improvement as well as added value.
Improving The Storage
One thing that buyers always want plenty of, is storage. In fact, it’s something that appears very high on a buyers list of must-haves when they are house shopping. If you don’t have adequate storage in your home, it’s time to think about adding some. Whether it’s adding shelves to an existing cupboard, converting the airing cupboard into a storage room, or turning your unused space under the stairs into a fab storage system, adding storage in your home is sure to add value.
Creating Space
Another thing on peoples list is usually having plenty of space or at least usual spaces in a home. Whether it’s having smaller furniture, adding built-in storage to minimize furniture space, or going bigger and converting your loft or basement. Having plenty of usable space in your home is a sure-fire way to add value and make more of a return on your investment. If you want to make sure you make the maximum money on your home ensure you make clever use of all the space in your home and consider creating an open plan living area.
Updates
Something that many homeowners look at when trying to add value to their home is the potential updates. If you focus on the areas of your home like the kitchen, bathroom, or gardens then you can create a move-in ready feel to your home and make it so that no work needs to be done for at least five years. You can easily add value to your home by looking at these areas too, meaning if you do sell you are going to hit the higher end of your target price. Adding in new windows and doors is another area that homeowners often look at to make sure they are adding value and also saving on energy bills.
These four areas are all great ways to add value to your home. Are you trying to add value to your house? What sort of projects are you looking at? Please share some in the comments below.