Home improvements are costly, but if done correctly, they can add to your home’s value. Don’t just consider it an aesthetic improvement to your home’s environment. The Office for National Statistics suggests that UK homeowners spend 43 million pounds on home improvements each week. That amounts to over 30 billion pounds in a year.
Why are so many homeowners spending so much money on improvements? The answer is simple- to improve the house’s appearance and to get a higher valuation for their home. If you are planning to get these two amazing benefits for your house, talk to a bespoke bedroom specialist like DM Design. They are experts in researching for the best home improvement solutions for your home that will skyrocket its value.
Some of them are listed below:
A brand-new kitchen
Nothing increases the value of a home like kitchen renovation. Don’t believe us? Hear what Phil Spencer, the presenter of Location, Location, Location and Relocation, Relocation had to say. While talking to The Telegraph, he said, “If you are only going to improve one room, make it the kitchen.”
We totally abide by his words. The kitchen is the crown jewel of your home, an area that can easily make or break your impression. It is not just about finding the most amazing place to cook. It is about creating a space that you truly admire and your guests appreciate too. What could possibly get you compliments in a dinner party apart from the new sofa you just bought? Of course, the kitchen.
You have to be careful while renovating the kitchen. You can fit an amazing modern kitchen in your house but don’t do that if the rest of your home can’t match the expectations. In a 170,000-pound house, it will not make much sense to remodel a kitchen that costs 25,000 pounds. Your kitchen’s value should be relative to the value of your house.
Spencer believes that a new kitchen should add at least 4.6 percent value to your home. Anything more means that your kitchen is overdone and overvalued. Make your property more appealing by getting a new kitchen that consists of modern amenities and is designed in line with the homes existing design.
A relaxing bathroom
The second most important region in your house that demands a sizeable renovation for home value improvement is the bathroom. No matter how beautiful your home, a badly designed bathroom could ruin your impression in a second. The bathroom needs to be clean and fitted with some beautiful modern amenities as well.
The Nationwide Building Society states that a new bathroom can add at least 5 percent value to your home. You can also add a second bathroom to your home to get another 5 percent added to the home’s value. However, fancy bathrooms are not the ideal setup in this case.
According to Spencer, a bathroom should be simple but striking. Adding the newest tech in your bathroom won’t do much to add extra value to your home. People are always looking for bathrooms with adequate ventilation and an open, clean design.
Spencer says, “You don’t need to do a lot with the room, it’s all about the features that you put in, such as a set of new taps, a heated chrome towel rail, a big new shower head, a power shower, and a glass screen or glass door instead of a shower curtain.”
If you follow this advice, the home’s overall value will improve by 2.88 percent.
If your home was built before 1975, they must have a headroom of 2.3 meters in the loft. Such homes can opt for a loft renovation project that could improve your home’s value by a whopping 21 percent. Loft conversion projects are quite profitable for homeowners as suggested by the Nationwide Building Society.
You can add a double bedroom to the home as well. If you convert the loft into an extra double bedroom, you should be able to add at least 10 percent value to your home. Make sure that your project meets fire and building regulations.
Garage conversion project
Do you want to improve your home’s value by 10 percent without having to spend a lot of money? opt for a garage conversion project. Many people don’t have large lofts that offer chances of conversion. In such cases, a garage conversion project could be really helpful.
Spencer states that 9 in every 10 British garages do not contain a car. This means a lot of extra room being wasted. You can create a second bedroom in this space or use it as an office, playroom or TV room if the need be. Simply calculate the value of your regained area by multiplying the square footage gained by the price per square foot in the local area.
Create a conservatory
Managing Director of the National Association of Estate Agents (NAEA), Mark Hayward says that a conservatory can add significant value to the home in just one go. He said, “Conservatories will add value to a home, but they need to be made with quality materials and provide a lot of light in order for the value to be significant.”
You should create a conservatory made of glass, instead of uPVC. It helps in creating more sunlight in the room. Yopa, a property valuation providing service suggests glass conservatory looks high class and add 5 percent value to your home as well. However, Phil Spencer believes that a glass conservatory can add at least 11 percent value to your home.
A home’s aesthetic value gets the highest increase if you add a well-made garden to your property. It makes the home look more appealing and pleasant as well. This is not all. The lush outdoors of the property preps the buyers and guests for the comfortable indoors as well. A garden doesn’t have to be too fancy. It just need to be clean, beautiful and well-maintained. If you can, then add glass doors in the room that opens in the garden for extra effect. Apart from the striking aesthetic appeal, your home’s value will increase by 2 percent with the garden. To add another 2 percent value, simply add decking to the outdoors.
These were a few ways in which you could easily improve the value of your home and make it look beautiful as well.