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How to Increase the Value of Your New Home

Katie Cullen
Written by Katie Cullen
19th January 2017

Moving into a new home is an exciting time. Our homes are our sanctuaries, so it’s only natural we would want to improve them and have them looking their best. Certain additions or improvements can add even add thousands to your home’s value.

Research by Zopa blog found that the average home improvement could add 10% to its overall value.

This week, Comparemymove.com list all the additions and improvements you can make to add value to your home whether you want to end up selling it, or simply have it looking its best. The costs and values listed are based on averages and estimates.

This article will cover the following points

Windows Kitchen Bathroom Carpets Roof Garden Loft Extension Conservatory

Windows

Double glazed windows are great for adding value to your home and making it more attractive to potential buyers. Not only that, but double glazed windows are also more energy efficient; they keep more heat in, thereby reducing your energy bills!

If you decide to fit new windows in, make sure they match the style of the rest of your house. For example, if the house is meant to have metal, use metal windows. A useful site to compare prices for fitting double glazed windows is The Eco Experts. For example, double-glazing for a 2-bed semi-detached house will cost between £2000-£3500.

Kitchen

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. The aim is to create an efficient space that enables easy access between the kitchen’s main points: the sink, fridge and cooker. Make sure you consider the shape and position of where everything is. A modern, attractive kitchen is sought after by both buyers and valuation surveyors.

Your equipment should be as up-to-date as possible so it doesn’t look out of date in a decade. Your kitchen improvement budget needs to match the price of the rest of the house, as there is no point in installing an expensive kitchen in a home that isn’t of the same value. In general, a new kitchen can add up to 4.6% value to your home.

Bathroom

The bathroom is another popular room in the house. It needs to be fresh and open, with walls painted a neutral colour and a lot of natural light. To gain the maximum value possible, at least one bathroom needs to have a shower – it’s essential for most prospective buyers.

Remember to check your plumbing system and keep it maintained. The flooring needs to be kept clean and hygienic, and you should generally avoid carpeting. Keeping mirrors in your bathroom also makes the space larger and brighter. New taps (£20), a heated chrome towel rail (£50), a new shower head (£20), and a power shower (£250-£750), are all relatively inexpensive additions that can greatly improve your bathroom. Glass doors are also more sought after than shower curtains. In general, a new bathroom can add value of 2.8% to your home.

Carpets

Over time, carpets can get worn out, especially in hallways and stairs. Stains and lingering smells can actually age your property and be off-putting to prospective buyers. To keep your home looking fresh and modern, local Cardiff carpet cleaners Vale Carpet Cleaning recommends regularly cleaning your carpets.

Roof

That being said, no matter what improvements you make to the interior of your home, it won’t mean anything if the exterior is in disrepair, so pay attention to it! Potential buyers often decide if they like a house or not in the first few minutes of seeing what the outside looks like. Your roof is a vital part of the structure of your home, and if it is damaged through water and debris, your property will suffer.

Replacing your existing roofing with fibreglass asphalt shingles is relatively easy, and has an average return on investment of 57.8%.

Gutters

Gutters might not be the most glamorous of home improvements, but they can definitely add value! Simply upgrading to aluminium gutters will not only improve their function of channelling rain water away, but also improve your home’s curb appeal. If your budget cant stretch to new guttering simply cleaning them will improve the overall look of your home. Prices vary but try gutter cleaning Cardiff for estimates.

Garden

According to the Telegraph, a well-maintained garden can add 20% to your home’s value – and you don’t need to spend a fortune on it!

A low maintenance garden is key to keeping the value up. A garden that requires a lot of upkeep can put buyers off and negatively impact the property’s value.

Use your garden space wisely, and make it look as large as possible. Sheds are sought after, and act as additional living space. However, you should avoid decking, especially with soft wood as they often have a short shelf life, and are slippery and unattractive. Having lighting, outdoor furniture and barbecue areas in your garden is another benefit, as it can turn your garden into a usable space at night. In general, emphasising how multi-functional your garden space is can increase the property’s value.

Loft Extension

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.

Spending £20,000 on a loft conversion can actually add more than £42,000 to the value of an average property. However, you need to ensure that the conversion fits in with the rest of the house. Make sure there is enough ceiling height to stand up, as you will need to strengthen the floor joists which raise the floor level.

Conservatory

For your conservatory to add value to your home, it can often depend on the intended quality of build. Again, 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 £5,000-£30,000 and can add around 7% to your home’s value, while a full extension (£10,000-£30,000) adds 11%.

Keep in mind, if you’re trying to add value to your home in the hopes of selling it for more, avoid overdoing it. Properties have a maximum price they can’t surpass no matter what changes you make to them. You can’t have an asking price significantly higher than others on your street as it’s unlikely buyers with a much higher budget will live on a street where properties are worth half of that.

However, by following these tips and making the right improvements, your home will look modern, fresh and more spacious in no time!

Last updated on Monday 13th November 2017