Every property investor has the same one goal; to increase the value of the property. So it is worth more than when you first bought it. There are loads of ways to start improving a property and build on its value. These ways can range from low-cost tips and tricks to in-depth renovations. We have looked into 5 investments that are really worth making when trying to increase property value:
Change or add doors and windows
Windows and doors are valuable additions to a property. They not only improve the homes aesthetics, but they can also reduce heating bills, increase natural light, and lower noise pollution both inside and outside the building. Add elegance with finishing touches such as French patio doors or brighten dull spaces with skylights which are perfect for homes that are limited with natural light and windows. Think about the positioning of doors and windows and using them to highlight the building’s features. For example if there is a beautiful view then position windows to make the most of it.
Overhaul the kitchen
For many people, the kitchen is the heart of the home. And is often one of the most important areas they will look at when buying a property. Renovating the kitchen and fitting new countertops, cabinets, flooring and lighting fixtures will not be a cheap task but will almost always add value to the property. It can also be worth looking at completely redesigning the room to make sure you are maximising the space available.
Increase the living space
Increasing the living space available in a property does not always mean building an extension, which would be extremely high cost. Simpler renovations such as converting a loft space or cellar into an additional room or transforming a garage to add to the living space, will add value to any property. If you have space, then a conservatory or orangery can also add value to a building by increasing the living space.
Get a new roof
Improving a building often starts from the inside out, and a new roof will improve the overall quality of a property. A new roof will increase the value of a home thanks to new and improved materials, and increased insulation and energy efficiency. Make sure to consult with professional roofers in London and other cities before planning any project. The improved energy efficiency not only adds value to the property on a sale, but also reduces heating costs on a long-term basis. First impressions are key when selling a property and one of the first things a potential buyer will see is the exterior, so make sure it is all up to scratch.
Improve the garden
Outdoor space is very important for the overall value of a property. Transform a garden with decking or patio to provide an entertaining space, and make sure the general maintenance of the garden is in a good condition. Garden’s that require a lot of time and upkeep can actually decrease a property’s value as people are put off by the prospect of spaces that look tricky to maintain, so be sure to keep it simple.
Finally, make sure you do not over-improve. Remember that any investments you make, you want to see a good return on when the property sells. Before making any big renovating decisions, do some research into the area to find out how much the building will be worth after the renovations, this gives you a good indication on how much you should be spending on the work.
Are you a home owner? How have you increased the value of your home?