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Renovations to Add Equity To Your Home

Posted on 14 February 2018
Renovations to Add Equity To Your Home

As much as we love our homes, they are at the end of the day, an investment. When it comes to property value, the question “what’s my property worth?” is the one most frequently asked. There are plenty of ways to increase the value of your home, from replacing fixtures to adding extensions. All homes have a ceiling price and striking the balance between adding value and losing money is vital. Whether you’re thinking of selling up or just adding value to the home you love, we outline some of the best and most popular ways to add equity
to your property.  

Makeover the Kitchen

The kitchen and bathroom are the two rooms that will likely add the most value to your property without the addition of structural changes or extensions. If you’re going to improve only one room in you home, make it the kitchen. Before refitting your kitchen to add equity to your home, consider the fundamentals of the space you have to work with. Consider your kitchens shape and position in the house and decide whether it would be worth it to expand the current floor space or relocate the kitchen entirely. Most kitchens will see a new lease on life with only a modest investment. New cabinets and work surfaces can go a long way to improving the look and condition of the kitchen. Creating a handsome and efficient work space is the number one priority, always making sure to keep easy access between the three points of the kitchen triangle, the sink, fridge and cooker. Done correctly, making sure the price bracket of your kitchen renovation matches the price bracket of your house, your will add significant value to your home.

New Bathroom

After the kitchen, the next room to tackle is the bathroom. A new en suite or second bathroom can add approximately 5% to your home’s value, according to Nationwide Building Society. Renewing a bathroom with a fresh coat of paint, new fixtures and fittings such as fresh taps, a new shower screen or heated towel rails will improve the space if you’re working with a smaller budget. The key is to make the bathroom appear clean, fresh and low maintenance.

Loft Conversion

A well executed loft conversion can be one of the most cost effective ways to gain extra living space in your property and add another bedroom and bathroom. The key is to make sure access to the loft is easily accessible and that the addition fits the rest of the house and doesn’t simply look tacked on to the property. Take professional advice before planning a loft conversion to ensure you have enough headroom for the planned space as well as making sure the plans fits fire and building regulations.

Build an Extension/Conservatory

Extending your current living space is always a good idea, however, make sure that you have enough ground area to work with before starting your build. There is no point in adding a conservatory too small to add any useable space to your property. Make sure the extension fits the look of the rest of the house and doesn’t appear bolted on to the back. When designing an extension or conservatory, design the rooms as big as possible without sacrificing the look of the garden or yard space. Check with your local planning office before starting construction to make your designs meet building regulations.  

Curb Appeal

Many people focus on the interior of a home and neglect the exterior. But adding value can be as simple as repainting the front door. A new
letterbox, door knocker or replacing your house number with stainless steel versions can revive the outside or your property. Making sure the exterior appears tidy and well looked after is key, ensuring pathways and windows are in good repair.