Feb 18, 2021
6 min read
Even if you aren’t planning to sell your house anytime soon, it pays to know how to add value to your home to get more profit for your pound. First impressions count, especially when buying property, which is why it’s good to give your home a little TLC before putting it on the market. You not only make a good impression on buyers (a great-looking home shows it’s been well-taken care of), but it can ramp up the asking price.
From boosting the asking price by a couple of hundred pounds to a whopping few thousand, there are plenty of home improvement projects to add value to your house – and improve the chances of your property selling. Here are just a few to whet your appetite.
Although not necessary, home remodelling and knowing how to stage a house can increase your property’s asking price. Home sellers who have both time and money on their hands may choose to invest more in the house to better their profit. The money you walk away with might be the difference that means you’re able to afford your perfect home, live in a particular area or take a long holiday. What’s more, keeping the house up-to-date and looking good can help it to sell quicker.
No matter how much people say they won’t judge a house by its exterior, they absolutely will. Every time. A buyer’s first impression of the house plays a significant role in their decision. Now is the time to fix broken roof shingles, clean the driveway and pathway with a pressure washer, and give the front door a fresh lick of paint.
Grab your gardening gloves and spend an afternoon tidying up the landscape. Cut back overgrown plants and trees, mow the lawn and give the patio a good scrub. You could invest in a few potted plants to liven up the garden, adding texture, depth and colour into the space (that you can then take with you when you move).
No green fingers? We recommend these easy-care plants for beginners:
When you start titivating your home for the photos, it can be tempting to turn the spare bedroom into an office or gym. However, losing a bedroom can harm your property’s value. Hold off on converting the bedroom – unless you show buyers that they can work from home in an accessible, practical office, which has boomed in desirability since the start of the pandemic.
A budget-friendly way to improve a room’s appearance is to add brighter or more flattering lighting. If a certain corner looks dingy, drab or small, add a warmer lightbulb or a brighter lamp to breathe new life into the space. There are so many fixtures that can work with your space, too, whether the style is shabby chic, Scandi chic, industrial, rustic, contemporary, or anything else in between.
The rooms that buyers most closely inspect (and judge) are the kitchen and bathrooms.
The kitchen is the heart of the home and upgrading yours could bump up the property value by 6%. Minor improvements, such as changing the cabinetry and drawer/door handles and upgrading to energy-efficient appliances make a surprising difference with a minimal outlay.
Unless you’re living in a listed building, you may be able to move the bathroom upstairs without planning permission, allowing you to expand your kitchen. However, adding another bathroom isn’t always going to serve you well. For example, on a street of three-bedroom properties, downsizing to two bedrooms with an extra bathroom would be a mistake. A budget-friendly way to upgrade your existing bathroom is to change the showerhead, toilet seat and taps. A modern bathroom with a rainfall shower, double sink, freestanding bath and subway tiles is highly desired by buyers.
More is more when it comes to a home – so adding an extension often adds significant property value, not to mention appeal. Whether you’re bumping out the kitchen or adding another bedroom, you could be looking at spending £1,000 to £2,000 per square metre, depending on the contractor and materials selected. However, the value of this extension could be significant, helping to attract more buyers and bids.
These days, buyers are hyperaware of the ‘flow’ of the house. A larger kitchen/diner space is better suited than a smaller kitchen and a separate dining room, for example. Equally, if you have two smaller living rooms, consider knocking them together to create a more inviting space. If these changes suit you, they are likely to draw in a wider net of buyers, too.
Knocking down walls can be a DIY home improvement job or one where you’ll need to call in the professionals – it all depends on whether the wall is load-bearing. If it is, taking it down without expert advice could prove disastrous.
When selling your house, space is space, and that means you need to consider the loft. If the only way is up, extending into the attic is a great way to add another bedroom or bathroom while increasing your square footage and driving that asking price skywards. Consult a structural engineer to ensure the floor joists can support the extra weight, and check whether you need planning permission beforehand.
In some urban areas of the country, having a place to park your car is a premium. For many, parking can be scarce and expensive. Having a driveway of your own eliminates the need to find parking elsewhere, and provides extra benefits such as reduced car insurance costs and a lower risk of damage and theft.
Creating a driveway doesn’t mean adding a big lump of unsightly concrete. Today, you can select from block paving, gravel, flagstone, resin and more. If you have the room and budget to add parking tastefully, you are sure to increase your home’s value.
It may not win any awards for glitz and glamour, but a new boiler deserves rolling out the red carpet. Getting a new one installed is a wise financial move when you’re looking to sell, especially if it’s more efficient than your old one. Plus, this brand new essential appliance is a major tick in the box for potential buyers.
Now you know what adds value to a house, from minor repairs to major reno projects, we recommend considering your timeline and finances before landing on a decision. Remember that all homes have a ‘ceiling price’ – the maximum price that buyers are willing to pay for homes like yours in the area. Essentially, even if you turn your terraced house into Buckingham Palace, there’s a limit to how much people will pay for it.
Whether you’re looking for home décor ideas, products or professionals for your home improvements, visit Boomin’s Property Playground. It’s the place to make your new property your perfect home.
Ready to sell your home? Get started on a free house valuation to determine its current value. At Boomin, we work with trusted and experienced Estate Agents that are bookable online, 24/7. As a smarter, always-on property site, you can get your home in front of the right buyers, sooner.