Renervations To Add Value To Your Home
Yesterday we told you of improvements that decrease the value of your home if you are thinking of moving, but today we will tell you some improvements to increase the value.
Adding a room
The classic move for homeowners looking to boost their property value, building an extension such as a conservatory or extra bedroom can often be hugely expensive, but the rewards can make it worthwhile.
According to 2009 research from Halifax, the average cost of adding a room to a home is £19,922. That's big money, but it adds £25,590 to the average house price, meaning a profit of £5,668.
Having More Space
Many homeowners obsess about constantly adding rooms, but this can often make homes feel cramped.
Whether it's simply rearranging the room or knocking together a kitchen-dining area, living space - or at least the illusion of it - is one of the biggest demands among homebuyers.
Garage Facilities for more than 1 car
It makes perfect sense really. With more and more families owning more than one car, having enough space to keep them safe is a must for many seeking to buy a property.
On top of that, keeping your car in a garage can also reduce your car insurance premiums, so it makes financial sense in more ways than one.
Most lofts with a roof height of at least 2.4 metres are suitable for conversion, which is normally used to add another bedroom and perhaps even an en-suite bathroom.
It's one of the most complex, time-consuming and expensive home improvements you can undertake. While it can add tens of thousands to your home's value, it's important you do your homework first.
Once you've got an idea of the cost, do some research into house prices in your area and check it won't be cheaper to just move to a bigger house.
Anything that will cut a potential buyer's outgoings is likely to boost the value of your property. That's why insulation could play a large part in getting you a better return on your home.
As well as improving your green credentials, loft insulation alone can save you £145 on yearly energy bills, according to the Energy Saving Trust.
Given the fairly hefty cost - over £1,000 a unit in some extreme cases - it can be tempting to go for the cheap UPVC option. But be warned, not only is it less effective at keeping in heat it can also be an eyesore that actually cuts your home's value.
Cut costs by shopping around rather than downgrading. Many buyers consider double glazing essential so it could prove a vital addition when it comes time to sell.
And because you'll need less energy to keep your home toasty in the winter, you'll save on your bills and cut your carbon footprint too.
We're stating the obvious here, but if your garden looks like an unexplored jungle then the value of your home will fall. And it's a pretty cheap problem to fix.
But it goes further than that - putting in a bit more time and effort could actually prove a shrewd move.
According to a Halifax survey back in 2009, the perceived value of garden remodelling was £1,399, against an average cost of only £857.
Adding a touch of originality to your home can make it stand out in the market.
That doesn't mean painting your home pink, but restoring or accentuating any standout or unique features - or even creating your own - can go a long way to improving the saleability of your property.
Green innovations such as wind turbines and solar panels are one great way to do this that can also improve a home's energy efficiency.
A few ideas to think about whether you are thinking of moving or not say Greengates Builders Merchants Accrington, Lancashire