It’s always good to plan ahead, and if you think you might be moving house in the not too distant future, you might want to consider how you can increase the value of your home when it comes time to sell. After all, no one wants to leave money on the table.
We aren’t talking about a quick hoover and polishing the windows – although the finishing touches surely help. No, we’re talking about maximising your available space so that your home fetches its best price. Sometimes, a little added investment can pay dividends.
More house = more money: people pay for space. Creating an extra living area is a guaranteed way to increase the value of your property. On average, a well-built extension can provide a 20% increase in value (depending on quality of finish and the size of your extension), which could lead to a pretty good return on investment.
Kitchen extensions are a great idea, as this is one area first time buyers and families will focus on when purchasing a new home. A two-story extension is also an option – It won’t cost double the price and could add another bedroom to your property.
Less disruptive and more affordable than extensions, loft conversions are a fantastic way to make the most of unused attic space. Adding a penthouse pad to your home, perhaps with an en-suite bathroom, brings a new dimension to your property. The “wow” factor of a characterful master bedroom on a floor of its own should not be underestimated.
Creating an Open Plan Living Area
Open plan living areas provide large, bright and flexible spaces for families to enjoy. It can be a relatively inexpensive way of giving your property the appeal it needs to achieve its best price. By knocking down a wall, or creating an opening in one, you could create a beautifully lit space that’s perfect for entertaining or relaxing with the family.
Crank Up the Kerb Appeal
First impressions count, so maximising your properties kerb appeal can have a huge impact on your properties selling price. Investing some time in your garden (if you’re lucky enough to have one) or correcting unsightly cosmetic imperfections can make a world of difference.
If your property has cracks in the walls, you may want to get them checked by an expert, as any fears as to the structural integrity of your house can have a negative effect on your sale price.
Be warned – implementing any of the above changes might make you fall in love with your property all over again!
You should check with a local estate agent before going ahead with any plans, as they’ll be able to inform you of the expected value of your property before and after the work has been carried out. This will help you decide whether it’s worth it or not.
You may also want to consider the amount of disruption you’ll have to live with while the work is being carried out. If you choose to stay somewhere else you’ll have to factor those costs into your calculation too.
You owe it to yourself to get the most from a home that has served you well over the years and it’s a great feeling to leave knowing that you’ve created a fantastic living space for its next occupants.
If you’d like to enquire about how any of the changes we’ve mentioned could impact the value of your home, our experts are on hand to offer guidance and advice. Just get in touch with HLN Engineering today.