If you’re currently on the property ladder and trying to get on to the next rung, then you’ll need to add value to your current property to really maximise its value. Here are 10 sure-fire ways to add value as you work towards affording your dream home.
1. Add Living Space
This is the easiest way to add value and to ensure that your home meets the needs of a growing family until you’re ready to make the move up the ladder. A loft conversion will add around 12% to the value of your property. Digging down for a basement extension can triple the return on your investment, especially if you’re in London. Got a garage you no longer use? Turn it into living space and see the value of your property climb.
2. Fix Structural Problems
There are some quick cosmetic fixes that will improve your property, but if your roof leaks or there are structural cracks, invest some time and money in solving the problem properly.
3. Bring the Outside In
This can be as simple as installing glass doors to access a deck, which can add 2% to your home’s value, or adding a conservatory (7%) or even an extension into the garden, which can add 11% to the value.
4. Add a Driveway
Paving over the front garden in an area where parking is at a premium can bring you a five-fold return on your investment.
5. Install Central Heating
A full central heating system can cost around £3000, but you’ll get double that when you sell your house. Use energy-saving technology and that figure will go even higher.
6. Revamp the Garage
If you have enough interior space, think about motorised garage door installation in St. Albans from a company like http://garagedoorsrus.co.uk/garage-door-installation-st-albans/ to add instant appeal.
7. Add Storage
You can never have enough, so find clever places like loft voids to add valuable storage space.
8. Paint the House
A new coat of paint, clean windows and a tidy garden will make your property stand out.
9. Refurbish the Front Door
New varnish or paint and smart door furniture all create a great first impression.
Prospective buyers will pay up to 10% more for a clean, clutter-free and well-presented property.