When you decide to sell your home, you probably spend some time and money making little tweaks – redoing the paint jobs, upgrading a few worn pieces of furniture, and getting the garden in order. But if you want to seriously add value to your property, you’ll have to bite the bullet and splash out on major upgrades. Make the right choice, and it could seriously pay off when it comes time to sell.
Extensions and other big upgrades should be looked at as an investment. These are not last-minute additions that you can make before putting your property on the market. Take your time, plan things carefully, and be patient. This is one area where you don’t want to hurry – a rush job, without care and diligence, can have the opposite effect, and leave you with a home that’s worth less than it was in the past.
1) Give older features a modern makeover
If you want to make changes that will have a serious impact, it’s not enough to replace the taps or shower head – adding value to your home can require a big investment. Look at the features which are outdated and might be putting buyers off. Are your windows still single glazed? What about your boiler – is it a modern model? Have the radiators been changed since the 1970s? Look at electrics, too. Older fuse boxes should be replaced, and if you don’t yet have a smart meter, it’s worth the price. Upgrading all of these features can have a huge impact on your home’s value.
2) Make space for a driveway
On-street parking can be seriously unappealing to potential buyers. Off-street parking comes with the promise of reduced insurance and the comfort of knowing that nobody will steal your space, as well as convenience. If you have a front garden with enough space for a driveway, put one in and see your home’s value increase.
Driveways are worth far more to buyers than front gardens, but to keep things looking nice, you could add some bushes, shrubs and flower beds on either side of your new driveway.
3) Extend with a new bedroom
You’ll need to get planning permission for this one, and an extension can be a big investment – but it can have great results. Kitchen extensions are common, but a bigger kitchen may not add enough value to make it worth the cost. A better option is an extra bedroom.
Look for places to put your extension. If you have a garage, then building an extra room on top of it is a great idea. Basement or loft conversions are a bit trickier, and can require some quite disruptive surveying. In fact, basement conversions are often more trouble than they’re worth. Loft conversions, on the other hand, don’t take too much time, involve minimal disruption to your living arrangements, and can really pay off.
Before making any decisions about extending, you’ll need to look into all the relevant permissions that you’ll have to acquire. Again, this can be time-consuming – but an extra bedroom will be a huge asset when sale time arrives.
4) Put in a conservatory
If you’re not in a position to add a new bedroom to your property, there are other extensions that you can consider. A conservatory can look sophisticated and stylish. Don’t expect too much – a conservatory isn’t going to add as much value to your home as a new bedroom would, as it’s only likely to be used in the summer months. But, despite the fact that it might not be the most practical room, it can be a nice touch and offer some appeal to new buyers.
Take care when choosing your conservatory. You don’t want it to look too different from the rest of the building, so make sure that the style is appropriate for the property. If your conservatory stands out like a sore thumb, it can actually lower the value of your home – so choose wisely!