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10 ways to add value to your house

Whether you’re adding value to the home you’ve just purchased or you’re looking to increase the potential purchase price for selling it on, there’s ways of adding value to a property for all budgets. The value you can add depends on any problems present, what sort of resale figure increase you’re looking to achieve and of course, prohibitive planning permission or work that’s already been done. For example, you may not be able to increase the property price by adding off-road parking by knocking down a garage which has been converted to extra living space.


Convert your basement or cellar

Cellars and basements are cold and damp places for most but there’s many Victorian and Edwardian properties that can benefit from converting these areas. Often the same size at the house’s footprint, cellars and basements can be transformed from utilities and storage areas to maximise the potential and the value of a property. Adding 2 bedrooms and a bathroom for example can add around 30% value.

The same principle applies to utility rooms. Common in older houses, often utility rooms aren’t used to their full potential and dingy unused spaces of the home. You could knock a wall down between a utility and the kitchen to make more space! Consider re-configuring its use. Could it serve as a home office or kids playroom?

basement-conversion

Split your home into flats

This one is drastic and strange to suggest but it’s not a bad option for a young professional couple to consider. You could split a large house into one upstairs 2-bed flat, perfect for a young couple, and sell the downstairs flat to fund the works and more than likely, a sizeable chunk of the mortgage! It also gives option for rental income from a long-term or holiday let.
This kind of ‘splitting out’ of a home often works well for 3 storey houses where the bottom storey would be a basement flat.

Convert the garage

An attached small or large garage can add a chunk of value onto the property price regardless of the size. A small garage could easily be turned into a utility or adapted to increase the size of the kitchen, whereas a large garage could give potential for another living space or bedroom. Consider the building and conversion costs versus the return you’d get by checking out other local properties or consulting an estate agent.

It’s worth considering the presence of off-road parking! If your garage is used to store a vehicle where no off-road parking is available, converting it to remove off-road parking could be detrimental to property price.

No off-road parking? Turn unused front garden space into parking

Since you’re giving direct access to a public highway (unless you live on private land/road), you need local council planning permission to install a driveway, parking space or hardstand in front of your home. An unused patch of front garden can easily add value for off-road parking purposes, particularly in London or other built-up areas where parking is permit only.

Add a side or rear extension

The first thing to note with any building work is the cost. Spending £15,000 on a side extension may not be worth it if it increases the sale price by £17,000. Work out what your property will be worth by looking at similar ones in the area and then shop around for builder’s quotes. Once this is considered then adding a side or rear extension can increase living space but a surprising amount. Even a single storey 1m extension on the side of the kitchen could allow you to reconfigure the space and add an island or other desirable feature.

Don’t forget that this type of work may require planning permission, which incurs a cost.

Convert the loft to add a bedroom

Loft conversions are a common addition to houses these days, becoming an attractive proposition as a master bedroom. Where space is available homeowners and potential buyers also love having an en-suite or additional full bathroom or dressing space. Adding a bedroom can add up to 15% of the property value to your home and not all loft conversions need planning permission so this can be done straight away with no red tape! Why not look into VELUX Roof Terraces? It’s a simple and chic balcony solution that makes roof space usable and increases property value.

 

Add a conservatory that suits your home

Conservatories add plenty of light, space and value to your home by increasing living space and updating interior style. Traditional white uPVC conservatories are becoming a thing of the past with attractive, metal options with plenty of glazing overtaking them as preferred style. Consider the style of your home before choosing a conservatory type. A 1930s Victorian terrace may benefit more from a black-painted aluminium square conservatory whilst a very modern new home could take advantage of a classic white conservatory.

Conservatories are generally permitted under Permitted Development but double check your legal documents for covenants or restrictions.

conservatory

Secure planning permission, where needed, for any desirable changes

Selling land with planning permission to build a 3-bed house is a common practice, why not sell your 3-bed house with planning permission for an extension or conversion?

Getting planning permission for a home to develop a large loft conversion, to add off-road parking, or to convert a garage into living space for example can sometimes be enough to add some value. It stops buyers having to take a gamble on buying to see if they can make changes they may want to, and planning permission generally lasts for 3 years so they’re good to go as soon as they move in! Planning permission to split long gardens and build another home on the end is a sure-fire way to add value, if it gets approved. Although you may want to keep the additional land with permission and build something new of your own!

Update unseen services like pipework and plumbing

Pipework and plumbing may not impact how the home looks but gurgling, slow pipes that deliver less than thrilling water pressure are small details that give potential buyers leverage on the price. Rumbling pipes could be indicative of a struggling boiler or other inherent problems that can affect the property price. Plus, potential buyers have nothing to lose from offering £7,000 below asking price for example, so it’s worth putting right.

Replace and upgrade windows and doors

Of course, it’s expected nowadays for properties to have double glazing as standard throughout. If seals have gone on any doors or windows then it would be worth replacing these. Old aluminium frames can be off-putting too so upgrade to uPVC or something energy efficient for kerb appeal and an increase in EPC ratings (which tells homeowners how efficient the home is and the direction their bills are going in!).

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