12 Jan VIDEO: How to add value to your home
You could add thousands to the value of your home and sometimes you don’t need to spend much to do so. Read on to discover our top ways of adding value, or skip straight to the video below.
Add an extra bathroom
According to our estate agents, a home should have 2 bathrooms to every 3 bedrooms. Most new builds these days have an extra downstairs toilet as a minimum so if your house is a bit older, you might find yourself lacking in the bathroom front! Let’s face it, there’s nothing more annoying than waiting for shower or needing the toilet whilst someone is in the bath. If your house is one that a buyer would upsize to from their first home, an extra toilet might be on their non-negotiable requirements list.
On average, an extra bathroom costs £6000, but can add in the region of 6% to the value of your home.
So where can you squeeze an extra loo? Can you knock through into a garage? Add a porchway extension with toilet to the front of the house? Maybe there’s room in the cupboard under the stairs.
Whilst it can be tempting to go wild with bright colours in a toilet, it’s best to keep it fresh and neutral. If space is at a premium use a small sink to give the perception of a bigger space. Consider adding shelving for things like extra loo rolls and some nice neautral decorations.
Extend into the loft
Although not the cheapest to do, it can be one of the best ways to add value to your home. Extending up can increase the value of your home by 5-10%, costing £10-40k in the process. Loft spaces are a very versatile space – you can add a bedroom, play room, office or maybe even an extra toilet (two birds!).
One of the biggest things to consider is if you have room for the stairs. Additionally, you’ll be eating into storage space (think of the Christmas tree!), however with some clever eaves storage solutions there’s no need to lose out.
Add a conservatory
Visually, a conservatory should look like a considered addition to your home, rather than just being plonked there! Your builder can suggest ways of integrating a conservatory with the rest of the house. The room should let lots of light in, but made to measure blinds are also incredible useful to make it an all year round, any time of day usable space.
Done right, a conservatory will add 5% to your home’s value at a cost of around £5-10k. It’s important to dress the room in a way that solves any problems with your home. Don’t have a dining room? Put a table in it. Kids toys in the living room? Put them (neatly!) in the conservatory as a play room.
Renovate the kitchen
The heart of the home, the kitchen is the most important room in the house. It’s been said that kitchens can sell houses. Buyers prefer an open space, so could you knock down a wall between the kitchen and dining room to create a large kitchen diner? We’ve said this before, but we’ll say it again, keep it neutral! You may love black gloss units with red tiles, but if this isn’t to a potential buyer’s taste, it feels very intimidating. They’re not seeing a nice kitchen, they’re thinking about the money and effort it’ll take to get it to their style.
You can’t go wrong with white units and a beautiful worktop. Also consider the lighting. Spotlights look great in a kitchen. If you have a breakfast bar then some lower hanging pendant lights also look amazing.
This can add 6% to the value of your home at a cost of roughly £8k.
A fresh lick of paint
The cheapest solution, but highly effective. This simple improvement freshens up your home, making it feel clean and cared for. If you can, at the same time update skirting boards, doors and window frames too. A very light grey or off white is a good choice of colour. It gives the buyer a blank canvas and allows them to imagine their furniture in the room.
Not sure what to do?
If you’re not 100% sure about what to do, or are feeling a bit nervous about the thought of spending out, speak to one of our estate agents first. They’d be able to advise you on what to do and how much money it could add to your home if they were to list it. View our agent directory here.