What are the best property developments to add value?

Important checks to make when buying a property

Whether you're a developer investing in property with a view to flipping it for a profit, or you're a homeowner looking to add a bit of value in advance of a sale, it's worth thinking about which developments actually add the most value.

Some changes offer significant bang for buck on the open market; others are a little bit more niche. If you're selling, it's worth investigating your options.

What is needed to increase the value of a property?

Major changes will need a major investment. You'll need to pay for skilled workers, materials and, in some cases, tools. The quality of your workers will make a big difference. A lack of skill and professionalism can lead to shoddy work that needs to be reversed later on.

This applies to the workers themselves, but also to the way that they're organised and directed. For this reason, it's often a good idea to bring in professional project managers, architects, and other experts. You might also seek advice and inspiration concerning what's on trend in the home improvement market.

Home Extensions

Among the most popular ways of adding value to a property is an extension. Extending can allow you to expand your living space, as well as adding extra bedrooms. If you can market your property as a four-bedroom space rather than a three-bedroom one, then you can bump up the asking price accordingly.

When extending the property, you'll need to make sure that the bricks match the existing fabric of the building. You'll also need to obtain planning permission, in many cases. Even if you suspect that the extension is a permitted development, it's worth making sure, since if you get it wrong, you could be forced to restore the property to its original condition.

Energy efficiency

An energy-efficient home, by definition, is cheaper to run. This will be attractive to buyers who are looking to slash their bills, and their carbon emissions.

You can often improve the energy efficiency of your property with a few simple changes. Install insulation in the loft, the cavity walls, and around the pipework. Removing draughts from around doors and windows and adding double glazing, can be helpful - provided that the planning laws permit these changes.

Garden and landscaping

The outdoor space on your property should be made as attractive as possible. Ideally, it should be an extension of the property's indoor living areas. A little bit of landscaping will allow you to supplement a patio with a well-designed series of flowerbeds. Decking, paths, and water features can all help to elevate an outdoor space.

Redecorating

A few key cosmetic changes within the home can also be transformative. Remodel a bedroom, paint a living room, or give the kitchen cabinets a facelift, and you could offer buyers a sharper, more contemporary aesthetic.

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