Do you know how much your house is worth? It is one of the most frequently asked questions among homeowners, particularly those who are looking to put their home on the market, and is often led with the question “how can I add value to my home?” If this sounds like you, here are some ways to invest in your home to increase its overall worth.
Convert your loft
Converting your loft into a livable space such as a cozy extra bedroom or a quiet home office is a surefire way to add value to your home. While it can take up to 12 weeks to complete, a project such as this could add up to 21% to the value of your home.
Build an extension
What’s one of the main things that prospective buyers look for in a new home? Enough space. Adding an extension to your property will give you the freedom to use this extra space for whatever you want and can increase its value by 5%. If an extension is what you’re going to opt for, try to bear in mind that you shouldn’t give up too much of your outdoor area as this can make your property feel unbalanced. Of course, you should always check with the relevant authorities to make sure that you have permission to carry out your desired building work.
Install a new roof
Sometimes homeowners can underestimate the importance of a firm and trustworthy roof. After all, it is the one thing that keeps your family and your possessions safe so if your roof is leaking or in a general state of disrepair it might be worth investing in a new one. If you’re considering a new roof in Newcastle, companies such as Findley Roofing & Building are reputable, friendly and reliable – three things you should certainly look for in any roofing contractor.
Add an extra bathroom
For larger families, an extra bathroom can be a godsend, so this is definitely something worth considering if you’re looking to add value. Again, this can add approximately 5% to your home’s value whether you opt for an en suite or something separate. Remember not to add another bathroom at the expense of a double bedroom, however, as this will work against you in the grand scheme of things. Reviving your old bathroom suite can also help, especially if you add shiny new fittings like taps and a towel rail.
By making your home energy efficient you’ll be hitting two birds with one stone. Not only will it help you to save money on your bills but it will add value to your property in the long run. Eco-friendly home improvements involve things like loft insulation, the installation of a solar water heater or solar panels on your roof.
Boost your curb appeal
It’s true that something as simple as repainting the exterior of your home or adding a new front door can help to boost value. Homeowners often overlook the importance of curb appeal but if you’re looking to sell it can really impact a buyer’s opinion.