If you are thinking of moving properties and are aiming to make the most from your sale in order to upgrade, then there are a few projects you can work on to improve your home’s value without costing you a fortune. Nevertheless, you do not have to be selling your property to realise the importance of space-enhancing investments and the sound financial sense it makes. No matter what your end goal is, here is our guide on how to increase the value of your home.
A Guide on How To Increase The Value of Your Home
If you are thinking of selling your home to enable you to move into a more substantial property, it is essential to ensure you are making your money’s worth from your existing property. You will need to set aside a lump sum of money that you can use purely on making improvements to your home in order to make it more desirable to potential buyers. The more of these alterations you make to your home, the more value you will be adding. So it is worth taking the time to save up and ensure you can afford to make the changes. If you are not thinking of moving house just yet, it is still a good idea to start a process of improving your home so that if you do decide to upgrade at any time, your property is ready. Here are several ways that you can increase the value of your home.
Replacing Your Old Windows
Replacing your windows is a great way of not only enhancing the external appearance of your home but also improving the warmth, your energy rating and ensuring noise reduction. If you live in a quiet rural area, you can get away with installing double glazed windows, but in the more built-up areas, installing triple glazing is a great way of soundproofing your home.
Both double and triple glazing can also have immense impacts on the reduction of your heating bills. With the benefits of modern insulation, you will notice a considerable reduction in heat loss through your windows. If your windows are double glazed but are more than 15 years old, it is advised you replace them anyway. The seal is likely to have gone in the unit and they may no longer be performing as effectively as expected. You could also consider investing in roof lights which are great for allowing an increase of natural light into your home. You can add up to £60,000 to the value of your property if you have recently installed double glazed windows.
Converting Your Loft
Converting your loft is the best way to increase the value of your home. Offering additional space can be seen as a remarkably attractive selling point to potential buyers. You can convert the extra space into an additional bedroom, an office or children’s playroom. However, the most desirable aspect of a loft conversion for your potential buyers will be that you went through the building process, meaning they won’t have to. Your buyers will be able to transform the newly converted loft into any room they desire but the through the more simple method of rearranging furniture. Whilst you may need to spend £30,000 on a loft conversion, the additional room will add up to £50’00 of value to your home.
Upgrading Your Heating System
If you’re not thinking of putting your property on the market and wondering whether this article is at all relevant to you, then this is this is a home improvement tip that will simply help to reduce the cost of your energy bills and the appearance of your home. Installing an efficient central system is, however, a notably appealing feature to future buyers.
If your heating system is more than ten years old, then both your radiators and boilers are probably not performing to their full potential. You could always consider the addition of solar panels or ground source heat pumps to reduce the cost of your heating bills significantly. It is advised that, although cast iron radiators look more attractive in period homes, steel and aluminium models are much more effective. You can spend up to £10,000 on installing a new boiler and replacing the existing radiators and pipework, however, this can add a further £15,000 to the value of your property.
Replacing Your Roof
There are many benefits of replacing your roof; from helping to reduce your heating costs to enhancing the appearance of your home’s exterior. It is essential to ensure there is adequate insulation in your roof; this will help to reduce your heating bills and improve your energy rating. Like investing in a loft conversion, replacing your roof will be a prominent selling point; future buyers won’t need to consider doing it themselves.
If you own a traditional or period property, then replacing your existing tiles with clay, stone or slate ones will not only add value to your home but enhance the exterior appearance. For more contemporary properties, it is advised to opt for either man-made or natural slate tiles. Replacing your sun-faded concrete tiles can give your home a new lease of life. It is also a good idea to replace the guttering at the same time. Galvanised guttering has become increasingly more popular in recent years; it is remarkably affordable and suits both modern and traditional homes. Replacing your roof may set you back £15,000, but it can add up to £40,000 to the value of your home.
Increasing the value of your house is going to be a worthwhile investment for your future. From replacing your roof to converting your loft, making just one of these improvements to your home can substantially increase your property’s value by up to £200,000. If you are looking to upgrade to a more spacious property, then making these changes to your home will be hugely beneficial. If you have decided to move house and need help when it comes to moving your furniture, then Davis & Mac provides a full removal service in London.