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11 Best Ways to Increase Your Home’s Value
Sellers are often advised to do a few choice home remodels before putting their house on the market. But actually, not all investments can bring you great returns and how do you decide which remodels are worth your time and investment?
Here is where the experts come into picture. According to the below infographic compiled by Meadow HillConservatories, conservatories top the list when it comes to remodeling your house. According to their research, conservatories can bring you a return of up to 108% on your investment, making it the most profitable part of your home to spend money on. With more than 200,000 annual applications for conservatory planning permission every year, it is no wonder that conservatories are at the top of the list when it comes to adding value to a home through remodeling.
You can also think of investing in good landscaping, side returns, wooden deck and home exteriors for great returns. A well-designed and well-maintained garden not only increases the sale ability of the property, but also gives you an ROI of 88%. Investments in side returns, the exteriors, a wooden deck, an extension, the roof, new floor carpets, loft conversion, the kitchen and bathrooms can also bring you good returns.
With a profit of £5,750, conservatories top the list when it comes to revamping your house. What can be better than a naturally lit extension in the warm environment of your garden!
Over 200,000 households apply for conservatory planning permission every year.
75% of these applicants are couples with 3 children.
Add over £9,000 to your home’s value
Enjoy extra space and light throughout the year
Have a fantastic access to your garden
Avoid the increasingly expensive property market
Outdoor areas are often neglected, especially the garden. But it’s surprising to learn the benefits that a well-designed and well-maintained landscaping can offer.
84% of real-estate professionals recommend good landscaping architecture.
A landscaped property s valued up to 11.3% higher than its base price.
Increase the saleability of your property by 98%!
Planting windbreaks and shade trees can reduce winter heating bills by 15% and air conditioning needs by 75%
Increase curb appeal and entice buyers to check out the inside of your home
Add 36% to safe and high-quality play area for children
If planned properly, the unused space at your backyard can bring you an ROI of 84%! Besides offering a wide, spacious room at the back of your house, side-returns give you the option of a complete redesign of your home.
A house with old and worn-out siding losses up to 10% of its value.
Fiber-cement siding provides the strongest ROI of 83.9%.
Use of wasted space
Increase natural light
Flexible construction options to revamp your backyard
The natural and rustic look of a wooden deck is a big relaxation for those who want to escape the humdrum of everyday life.
Construction costs for a wood deck are less than £23 per square foot.
High durability allows multiple furnishing and lighting options
Ensures 81% return on your investment
Only if the curb appeal is impressive enough the customer be willing to explore the interiors of your house.
In the 1st30 seconds of entering your house, the buyer decides whether he wants it or not.
90% of houses are first viewed on the internet.
Ensure a profit of £4,500
Keep burglars away with a well-maintained and well-lit outdoor
Catch the attraction of the neighbourhood
People usually like spacious homes. Extensions, either done on the same floor or across two floors, are sure to earn you several points.
Make sure to check with the government rules before starting work on extending your house.
Typically £35,000 spent can convert into as much as a £70,000 increase in value.
Versatile rooms have greater appeal to potential buyers.
Bring home a profit of £14,000
Increase your property’s value by minimum 20%.
A bad roof can steeply affect the value of your house. It is best to attend to the tiniest fix that your roof might need before showing your house to buyers.
Studies say that a damaged roof or an old roof often turns prospective buyers away.
Earn a profit of £2,600
Give your home a modern and crisp look
A good way of adding elegance and sophistication to your house is to get new carpets or to get your old carpet cleansed of all stains and odours.
Nearly 70% of real-estate experts believe that upgrading your floor carpet can earn you huge benefits.
Add a profit of £2,000
Give your house a fresh look
This is perhaps the easiest way to get a new bedroom or a bathroom or a work space. Loft conversions add:
5% to your home’s value for an extra bathroom
6% to your home’s value for an extra bedroom
20% to your home’s value for an ensuite bedroom
Make the most from wasted space at the top of your home
Utilise the large area for a bedroom, bathroom or even office
Add thousands of pounds to your property’s value
Earn profits worth £12,000
Be it any party, the only place in the house where your guests are drawn to is the kitchen. It is utterly important that this important hunger hub has a fresh and attractive look to it.
Experts say that the neighbourhood must be considered when planning the kitchen.
Gourmet kitchens with high-end accessories do not attract potential customers.
The price bracket of your kitchen should match the price bracket of your house.
Ensure a profit of £4,750
Add 4.6% to your home’s value
Last but not the least, bathrooms have become an integral part of the house to add to its value.
Ensure that all leaks are attended to.
Whirlpool baths hardly return the amount invested.