Looking to boost your property’s value? Whether you’d like to get a better return on investment or you’re planning to start a family, upgrading with new features, fixtures and fittings could be a valuable investment.
Any improvements you make to your house could immediately benefit you and your family – and make it more attractive to potential buyers in future. We’ve outlined five of the most potentially lucrative changes to make to your property below.
1. Create an open plan living space
Knocking down a wall in your home might feel like a huge commitment but could lead to incredible possibilities. A bright and airy living space, paired with seamless access to the kitchen space, ties the family unit together and creates a sense of harmony too.
Removing a wall may be the biggest financial commitment for this project. It’s typically estimated to cost up to £2,375 to remove a load bearing wall, plus expenses for materials and labour. By increasing floor space and making your home more accessible, you could seriously boost its resale value too.
2. Upgrade the kitchen
Outdated kitchens easily leave prospective buyers feeling put off or uninspired by a property. To make a strong impression, it’s worth making sure that your kitchen is tidy and equipped with modern appliances.
Sought-after new build homes include modern kitchens that are functional, stylish, and beautiful. If you’re working on an older property, choosing high-quality materials is an easy way to improve the space.
You don’t need to undertake a major renovation project to make it more appealing: simply upgrading the floors, worksurfaces or cupboards will instantly change the aesthetic.
3. Add a downstairs toilet
Converting an under-stairs cupboard or utility space into a downstairs toilet could be a cost-effective way to add value to your property. It’s an integral feature for busy families but may be a dealbreaker for prospective owners with accessibility needs.
Subtle, practical, and easy to merge with the rest of your décor, an extra bathroom is also in high demand in the London housing market. While downstairs might not be the most desirable spot for the only bathroom in the house, adding an extra loo there will certainly boost your home’s value.
4. Convert your loft
Whether it turns into a trendy home office or a playroom for children, a loft conversion could make a wonderful addition to your property. Furthermore, this extra space will certainly be valuable for prospective buyers in future.
Loft conversions can be pricy, so it’s worth checking if you’ll get a suitable return on investment for this type of project. Additionally, if the work requires structural changes to the house, you should check if you need planning permission before you call out the contractors!
5. Tidy up outside
Finally, kerb appeal shapes a lasting impression. If your home is surrounded by unkempt grass, an untidy driveway or lots of visual clutter, it’s very difficult for anyone to stay focused on the property itself.
Give the front door a lick of paint, mow and treat the lawn if you have one, and clean the patio with specialist, fungicidal products. To increase the likelihood that prospective buyers fall in love with your home straight away, you should work on improving the exterior too.