The Best Ways To Add Value To Your Home*

Whether you’re looking to sell your home or you plan to stay put for years to come, it’s always beneficial to think about ways you could add value. For many of us, our homes are our most precious asset, but there are often ways of making that initial investment even more lucrative.

One of the best ways to add a substantial amount of value to a property is converting the loft. If you have a vacant loft or an attic stuffed full of boxes and bags, it’s worth weighing up your options. The average conversion project costs £10,000 to £30,000, but it could increase the value of your house by almost 13 percent. Adding an extra room could also make your home more appealing to a wider range of buyers if you do choose to sell. Another project that yields similar returns is adding a garage. Garages are useful not only for shielding cars, bikes, and vans from the elements, but also for extra storage. Adding a garage costs in the region of £8,000 to £25,000, but they add up to 11%. Similarly, a conservatory is a welcome addition for many homeowners, with the potential to add approximately £12,000 to the value of a house.

Most buyers place a great kitchen at the top of their wishlist. If your kitchen is dated or drab, you could make your home a much more appealing prospect, as well as boosting its value, by revamping this room. The price of a new kitchen usually costs in excess of £10,000, but owners can usually increase the value of their home by more than £5,000 by undertaking this project. A bathroom renovation is another popular option, which offers the potential to add around 3% to the value. New windows and central heating can also add around £5,000 to the price tag if you choose to sell up.

Infographic design by as seen at money pug


*This is a collaborative post