As some of you may be aware, I used to work in Real Estate before having kids so have always had a keen interest in property. Pair that with the many many hours I have spent watching property renovations shows with my husband and the property that I have recently helped to renovate and we have ourselves an avid fan of all things property related.
Given that today is the last full day of school for the kids and I am sure I will be writing many posts about going mental over the 6 week holiday period, I wanted to step outside my comfort zone and write about something different for a change and on a topic that I love.
Whether you just want to live in a better home or would like to put your foot in the door of a property-related career, it’s important to learn about the best-value renovations that can add serious value to your home. There are a number of home features that can add some serious value to a home and in this article, we’re going to go in-depth about some of the best options to pick if you want to seriously bump up the value of your home.
1. Fixing structural issues
Every home relies on a solid foundation if it’s to stay sturdy for a long period of time. As weather batters a home and water slowly seeps into the structure, it’s fairly common for the structure of your home to wilt away and slowly degrade. This is especially true if the home you’re living in is fairly old and requires a lot of maintenance. If you’re noticing bent walls, uneven floors or even wet patches around your home, then there’s a good chance that the structure of your home is compromised and you need to consider fixing structural issues that could be the root cause.
Some things you need to look out for include:
- Constant leaks and wet patches around your home
- Floors that are starting to feel uneven compared to before
- Insects or pests that are appearing more often than before
- Rotting wood around your home or inside walls
- Walls that are starting to bend and are no longer straight
- Cracks running along the ceilings and walls of your home
These are all dangerous issues that should be fixed as soon as possible, so if you notice any of these signs, it’s a good idea to get in touch with a skilled tradesman that can help you examine the structure of your home and fix hidden issues that will drastically lower the price of your home should you decide to put it on the market.
2. Adding another floor to your home
Whether it’s 2nd storey renovations or adding a loft conversion, adding more space to your home is going to bump up the price considerably. You could also add an extra “floor” by extending the basement, adding a conservatory or generally anything that adds more floor space to your home. Since many real estate companies judge a home’s worth by how much space is on offer , having extra space in your home can increase the value of it and also make it more attractive to potential buyers.
You don’t really have to use those rooms or floors for anything specific either. Sometimes, having blank rooms is an excellent way to help potential buyers and tenants envision what they could do with your home to personalize it and make it their own. As long as the rooms have utilities and basic decorations and furniture, they’ll help to increase the value of your home for a relatively modest price.
The type of space-extending renovation you should go for will depend on your current property. For instance, a home with a relatively large garden should consider adding a conservatory or even a garden room to extend the amount of space available. If you have a relatively small home, then building vertically by adding a 2nd storey renovation can be a good option. Lastly, if you have a large roof that is nothing but padding and insulation, then you can convert the insides to a loft to add another floor to your home.
These are all excellent renovations to perform if you want to add more space to your home and we would definitely recommend them as high-value investments that will not only increase the value of your home but also offer more attractive features that buyers will love.
3. Room balance is important
It’s becoming more and more popular to have large master bedrooms that are complete with ensuite bathrooms and luxury features. However, room balance is equally as important especially in urban environments where space comes at a premium due to popular locations. This means that you need to balance the rooms so that no room is lacking space and no room has too much extra space.
A good example of this is how you manage bedrooms. Although a fairly large master bedroom can be a selling point, you should try to split up large bedrooms into two rooms that can each house a single bedroom. This will make it attractive for large families or people that are expecting to start a large family. Additionally, adding extra walls to split up rooms can create more storage space such as walk-in closets, utility rooms or even a study.
Balancing rooms is surprisingly difficult because it requires you to add more utilities to a room while also adding sturdy walls that follow the same design and structural integrity of your existing walls. However, once you get an idea of how you should be balancing rooms, you’ll realize that it adds a lot of marketing power to your property and makes it more comfortable to live in.
4. Don’t neglect garden improvements
Be it landscaping the backyard to make it more inviting or adding luxury amenities such as a pergola, a better patio or even a garden room, it’s important that you take a look at your backyard and try to improve it so that it’s more attractive to buyers.
You should start by clearing up any mess in your garden and resetting it to a blank slate. The idea is to have a relatively flat lawn so that you can start planning a couple of ideas on how you could transform it. You could add interesting shrubs and bushes, you could add different coloured flowers for a soothing natural effect, or you could create borders by using different types of plants.
If you’d like to add amenities, then think of what’s practical for your area. If many homes in your neighbourhood have swimming pools, then there’s a good chance that you can safely build one in the backyard assuming you have enough space. However, you could also add something like an outdoor kitchen if the temperature is known to be warm throughout the year, or add winter-friendly features such as a heated patio.
Not only do garden renovations help increase the value of your home, but they also help to increase your own comfort. Gardens can be very relaxing areas to spend time in but they do require a lot of maintenance, such as hiring a gardener or learning how to take care of the plants yourself.
5. Increasing your curb appeal
The best way to win over a potential buyer in the first 5 minutes is to up the curb appeal of your home. First impressions are vital in a successful property career and you need to start looking at how you can make the outside of your home attractive. This isn’t just for the sake of increasing your property value but also to make your home more inviting for guests and to give you a comfortable homey feel whenever you return home from work.
Here’s a list of things that you should do in order to increase your curb appeal:
- Consider adding outdoor furniture to make the outside inviting
- Fix any brickwork, paintwork or siding
- Repairing anything that looks old, worn or cracked
- Consider adding a fence around your home to give it an elegant border
- Use nature such as plants and trees to make the outside look more interesting
- Make sure your roof is in good condition with no missing tiles
- Add a house number to make it easier to see
- Make sure the trash bins are hidden or kept in a proper location
- Clean or change your windows so they look more attractive
By following these points, you could easily increase the value of your home by doing a quick exterior check and remedying certain points. The alternative is to perform a much more drastic outdoor renovation by changing the walls, your roof or even changing the colour of your home completely. However, these take a lot of work so it’s best to start small and gradually increase the value of your home.
The exception is if you’re set on performing a comprehensive renovation of your exterior in the future and want to save money by not performing any changes now that will be modified or remove in the near future.
There are plenty more renovations that could help increase the value and comfort of your home, but I’ve listed five of the most important ones that will make a huge impact to your daily life and also the price of your property. Before you evaluate your property, make sure you’ve run through this list to ensure that you’re getting the best price possible for your property.
Remember that many of these renovations aren’t just for increasing the value of your home, but also making it more comfortable to live in, hence why it’s perfectly fine to carry out these large changes even if you plan to sell or move out soon.
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