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In 2017, 65% of homeowners chose to renovate instead of moving to a new house, according to research by Nationwide Building Society.
Whether you're moving or have recently moved in, you'll always want to add value to your home. If you've had a property survey, this will act as a helpful checklist of improvements that will add value to your home. Major issues to fix will usually be marked in red on your homebuyers survey.
In addition to a chartered surveyor, Compare My Move have also listed more cheap and easy ideas that will also help to add value to your home, such as a lick of paint, tidying up your garden and spring cleaning. However, there’s some obvious ways to increase the value of your home by up to 20%. Adding a loft conversion, the addition of a conservatory and improving your kitchen will all significantly add value to your home.
These are the home improvements that will add the most value to your home. From converting your unused garage to a loft conversion with a bedroom, these ideas will help you add up to 20% on the value of your home.
Most people don’t even keep cars in their garages and they often end up as an unused space. Extra living space is always attractive to home buyers. Converting your unused garage into an extra living space is a great way to increase the value of your home by up to 15% according to Property Price Advice.
The kitchen has become the heart of the home, so if there is one room you are going to improve, make it this one. It has become the ultimate multi-functional space – we eat, do work and host parties in there. A kitchen that is modern, attractive and one that will still be desirable in 10 years’ time is sought after by both buyers and valuation surveyors.
According to Nationwide Building Society, adding a new kitchen will increase the value of your home by 6%. However, you won’t see much of a return on investment if you’re paying £20,000 for your kitchen when your property is worth £200,000, the same goes for a house costing £70,000 as you’ll see no difference.
It is worth exploring different cost effective materials to lower the price of the renovation. Polished concrete floors and worktops are a much more cost effective choice than solid stone or marble, but will still add a modern air of desirability to your property.
If you have wanted an additional bathroom or guest room, building a loft extension is the best way to go about it, and it doesn’t need to be invasive work either – most of it can be done from outside. According to research carried out by Nationwide Building Society, a loft conversion could add up to 20% on the value of your home. If you were to add a loft conversion to a property worth £200,000 that’s an increase of up to £40,000.
A full extension with a conservatory, roughly costing between £10,000 and £30,000 will add an average of 11% to the value of your home according to Phil Spencer’s 20 ways to add value to your home. Its important the extension matches the rest of your house otherwise it could look unattractive.
For your conservatory to add value to your home, it can often depend on the intended quality of build. You want to ensure that the conservatory matches the style of the rest of your house, rather than turning it into a totally separate structure. Retain some continuity by using the same aesthetic and flooring. On average, conservatories cost between £5,000 and £30,000 and can add around 10% to your home’s value, according to Property Price Advice.
Adding value to your home doesn't have to be expensive. Compare My Move have compiled a list of cheap and easy ways you could increase the value of your home.
The hall is the first thing potential buyers will see when they enter your house. The use of mirrors will give the illusion of a larger space, which is an attractive selling point for most people. The hallway should always be kept clear of clutter as well, giving the illusion of more space than it is.
Everyone’s guilty of a messy house by letting the clutter build up. Once it’s thoroughly cleaned, it will feel like a brand-new house. Simple things like cleaning windows, counters, kitchen ovens, unblocking gutters and clearing the driveway/path area will make all the difference. It may not add a lot of return of investment, but a clean and fresh-looking house will be more attractive to a buyer than a messy, cluttered house. For tips on how to declutter, follow the steps in our how to declutter infographic.
You’ll be surprised at what a little bit of paint can do to the appearance of your house. Make sure to cover any dirty or peeling walls to make your house look as attractive as possible. No one wants to buy a house with a poor paint job, inside and out. This is an easy and cheap way to successfully add a bit more value to your house. Don’t forget to paint the skirting boards, ceilings, the front door and the exterior.
A well-maintained garden can add up to 20% to your home’s value, according to Phil Spencer – and you don’t need to spend a fortune on it. Cheap additions such as a few plants, fairy lights and a table and chair set will help to add value to your home.
Keep it tidy by getting rid of weeds, fallen leaves, dead plants and remember to water and care for your garden. Use your garden space wisely, and make it look as large as possible. In general, emphasising how multi-functional your garden space is can increase the property’s value.
Giving your front door a touch up will make the whole property seem more appealing. If your front door doesn’t make a good first impression, neither will your house. By tidying it up with a fresh coat of paint and a new door number, it will automatically look more inviting to buyers.
Hiring a chartered surveyor will help to save you money in the long run, adding value to your home. The surveyor will be able to highlight any defects or damage including cracks in walls, leaking roofs, damp etc. Compare My Move can even help you save money on your chartered surveying costs.
Adding value to your home doesn’t always have to cost a lot. If you follow our simple guide, you’ll be able to increase the value of your home, whether you’re selling your house or just thinking of the future. To start adding value to your home and save money at the same time, simply fill out our 30-second form and you’ll be connected with up to 4 professional chartered surveyors.