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Want
to add value to your property?
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Carrying
out some home improvements may not just give your property a new
lease of life but may also add to its value. However, before you
start spending thousands of pounds building a conservatory, it's
worth looking into exactly what will add value to your home and
what won't.
Whether
you're thinking about selling your home online or you're just
wanting to do some work that will add value to your property for
the future, here are some helpful tips as to what can add to its
value.
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What
Did Estate Agents Say?
When
surveyed by the National Association of Estate
Agents, 50 per cent of estate agents suggested
that adding another bedroom to a property was the
best home improvement people could carry out, with
loft conversions being the ideal option. A third
said the best value was added by a kitchen, while
others suggested turning a garage into a living
area or building a conservatory. |
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Creating a Loft Conversion
9
to 10 per cent can be added onto a property value by using a
loft conversion to create another bedroom, as this won't eat
into any living space but will create further rooms in an
otherwise wasted space. Small loft conversions generally cost
around £15,000 with larger ones being more in the region of
£25,000 to £40,000.
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Installing a New Kitchen
As the hub of a home, a lovely kitchen can be a huge selling point in a property, so it can often be worthwhile to create a neutral space that will appeal to a variety of tastes. When people view properties it's often the kitchen that is most heavily criticised, with the cost of installing a new one being taken into consideration when negotiating the asking price. Therefore, if you can make sure viewers find an attractive kitchen space that they could move straight into, this will help to achieve that higher price you've been looking for.
Average kitchens cost approximately £8,000 but taking the time to install one could increase the value of your property by 6 per cent.
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Building an Extension
The
size of an extension can vary, from adding a room downstairs to
building a two-storey extension that doubles the size of the
property. Due to this huge variance, it can be difficult to
pinpoint exactly how much they'd cost and what value would be
added but when done well and with good-sized rooms, these can be
a major plus when selling your home.
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