Your home is one of the most important investments you will make. Whether you are planning to move or want to add value to your home, it is important to maintain the property and make the necessary adjustments.
For those of you hoping to move, or looking forward to the long-term money you can make on your initial investment, the value of your home matters a lot.
Extensions
An extension adds up to 12 per cent to your home’s value. Extensions increase the size of the house and give the option to rent out a room. A single-storey extension costs about £30,000 and double height about £40,000; however, an ugly extension in the wrong place could cause your home to lose value. Take advice from reputable companies, and don’t agree to something you feel is not right.
Basement and loft extensions
Adding a basement is a better way to increase space when you don’t have much land. Basements are popular options to live in, and also for storage. This is a big decision, as digging a new basement can cost around £80,000.
If you already have a basement, converting it is a lot cheaper, with the cost around £20,000. This will give you an extra floor, which can be used for a range of purposes.
Loft extensions provide a light and ample space. They can increase the value by up to 15 per cent, with prices for a basic conversion ranging from £16,000 to £20,000.
Restore or repair
Character properties always sell quickly. By restoring period features, you are pretty much guaranteed to make a profit.
If your home needs repairs and you are confident you can do them, you can obtain a wide range of products, including uPVC fascias and soffits, from suppliers such as http://absolutebuildingplastics.co.uk/.
Renovate your bathroom
An en suite adds between five and nine per cent to the value of a house and can mean a swifter sale. Downstairs bathrooms are not looked upon favourably, so it might be worth moving them upstairs.
A modern fitted kitchen is essential to most households. Homes with old and outdated kitchens are less likely to sell and affect your property’s value. Open-plan layouts are very popular, with turning an extra room into a dining area making a big difference.