Suppose you are considering putting your home on the market in the near future. In that case, you’ll likely wish to get as much cash for your property as possible to move up the property ladder or even downsize and have a respectable retirement fund.
If you’re wondering how you can increase the value of your home, you have come to the right place. This blog will give you a number of methods on how to increase the value of your property with many key home improvements before putting your home on the market both now and in the future:
1. Extend your home
If you have the spare cash to do so, there may be the opportunity to add an extension to your home, which is one of the best ways of adding value to your property. According to professionals, this home improvement could boost the re-sale by 12%, but keeping the costs down will certainly work in your favor.
A well-planned and built extension could transform even the simplest of properties into an attractive and sought-after home. This will not only allow you to get more creative with the design of your living environment but will give you the chance to make additional cash when the time comes to sell up.
2. Consider exterior features
There is a high likelihood you have neglected the idea of replacing your roof solely because it is out of sight and out of mind, but did you know that a roof replacement can offer up to 60% return on investment? Exterior elements are just as important as the interior for prospective buyers, especially roofing, which not only guarantees durability and performance but will also enhance the health and safety aspects of your premises.
Siding replacement is also another element that increase your home’s value as it creates a much more attractive visual finish to the exterior of your home, which can make it more sought-after. Alongside this benefit, it can also Aswell as the visual aspect; it can also protect your property from damage caused by harsh weather.
3. Convert your basement
If you have a basement within your home, you should certainly consider a conversion to add value to your home. This could increase the property value by up to 30%. The good news is that converting your collar is one of the easiest home improvements you can make when it comes to rules and regulations, as it is simply a ‘change of use’ rather than building directly onto the property, like an extension.
4. Convert your garage to a living space
If your garage currently isn’t used to accommodate your car or gardening essentials, it may have been turned into a space filled with clutter, which is, of course, a total waste of a room. It would make sense to convert it an additional living space, a home gym, or even an office that could increase your property value by approximately 15%. Do be aware that you’ll need planning permission to determine whether your garage is appropriate for conversion.