If you’re looking to maximise the space in your property – whether you’re looking at reselling or just making it a cosier and more comfortable place to live in for you and your family – you might want to make functional improvements and extensions. Of course they come at a price, but eventually, and if you’re keen on selling it in the future at a very favourable price, these top five home improvement projects are guaranteed to increase your home’s value to at least 5%.
Have a look at your floor plan and see where you can build an extension of the structure to. Reports had it that you can add up to 5% of your property’s original value if you extent at least every 10% of your floor space.
2. Convert Your Loft
A 10% – 20% increase in your property’s value can be a staggering amount already. You can achieve this by converting your loft, particularly if your property’s within a commercial area like London. Vertical improvements like this can be cheaper and can preserve your garden area.
3. Add Another Bathroom
Second bathrooms or an ensuite are very much in-demand, especially with city dwellers. It’s as much a necessity for people on the go as much as a luxurious convenience. It adds more to the value of the property as to having an additional bedroom. Buyers in the city are more often on the lookout for more spaces to move about than having too many rooms in the house these days – compared to those looking for country homes.
4. A Conservatory Would Be Great
According to most mortgage providers, home values can increase to up to £10,000 if there’s a conservatory in it. But if it was poorly built, it could actually reduce the value to much lower than that.
5. Green Is The New Black
An environmental-friendly house is energy efficient. This means that with central heating, you can increase your property’s value for a little over 8%. And additional energy performance improvements can eventually add more value to your house. It also reduces the maintenance and costs of living of its dwellers The number of energy efficient homes is increasing this year and new home developers are looking to build more environment friendly and energy efficient homes at present. While an ancient property can be attractive, it may not be built for energy efficiency and modifications can be expensive.