For many of us, purchasing a property is the biggest investment we will ever make in our lifetimes.
If you want to ensure you get the maximum return on your investment, there are plenty of things you can do to boost the value of your home.
Below are a few ideas of what you could do if you’re keen to make your property live up to its full potential.
Renovations
Before thinking about adding value, it’s a good idea to think about fending off issues that could reduce the price of your property.
Pre-emptively fixing structural problems can be a great way of helping get the amount you want should you come to sell your house.
Issues that could be picked up on a survey, like rising damp, a leaky roof or an unstable chimney stack will be used by a prospective buyer to try to knock down the price of your property.
Correcting these is cheaper than undertaking larger projects and payday loan lenders could be an option to help fund such work if your savings are tied up with solicitors or earmarked for fees.
Conversions
The coronavirus pandemic has forced more people to work from home, so you could turn an outside space like a shed or garage into an office.
Increased home-based working is expected to remain even after the pandemic, so adding an office without sacrificing a liveable room will be a huge plus.
If you’re short on outside space, looking upwards could provide the answer. A loft conversion that provides an extra bedroom and en suite could add 20 per cent to the value of your property.
Extensions
If you do have plenty of space to play with, then adding an extension is a great option.
It is important to try to follow the architectural style of your property to ensure it still works as a whole. You could solely add to the ground floor our increase the square footage of your home further by extending across two floors.
Try to be strategic as well. If you’re extending a family home, additional/larger bedrooms and bathrooms will add value, as will a bigger kitchen.
If its in an urban area, though, a garage that offers off-street parking may be more effective in raising the price of your property.
Landscaping
Improving the quality of your garden can also have a particularly significant impact if your property is in a place where outside space is at a premium.
For example, making the most of a small garden in London will be more beneficial than doing the same in a location that doesn’t have the same level of demand.
Landscaped gardens, decking, patios and even brick driveways could help make your property more appealing to prospective buyers and thus drive the asking price upwards.
