What do you plan to do with your house if you own one in the long run? Some people want to stay there forever, while others may decide to sell when the price is right to move up or down in size, depending on their other plans for the future. If you are in the second group, you will want to make your house as valuable as possible. In some cases, this may mean spending a little (or a lot) of money, but you should think of this as an investment because the right repairs and upgrades will raise the value of your home and give you a profit on your money. With that in mind, here are a few home improvements that can help you get a higher selling price.
Converting a loft
Did you know that a well-done loft conversion could add up to 20% to the value of your home? This is why a loft conversion is a great choice if you can afford it. Whether you can afford it depends on your budget, whether you can get planning permission, and what kind of loft space you have. This is because you are making use of space that would otherwise be underused or just used for storage. For example, if you add a bedroom, home office, or games room, you are sure to increase the value of your home.
If you want to go this route, you should talk to residential architects who know what they are doing. A professional architect will be able to give you the perfect space and handle all the paperwork that comes with a loft conversion.
If you thought adding a loft was a good way to add value to your home, you will not believe what a kitchen remodel can do. In some cases, this could add up to 50% to the value of your home, making up for any trouble and pain you had to go through to get the new kitchen installed.
Most people spend most of their time in the kitchen. People will cook and host parties there, and if you have a kitchen diner, families will also spend time there. So, if you can make the kitchen look as nice as possible, your home will be worth more.
Making your home more eco-friendly may not have been a priority in the past, and it may not have added any value to the house. But more and more people are learning that they want to help the planet in any way they can. If you have a home that is good for the environment, they will be willing to pay a little more for it. Also, when a house is built in a way that is good for the environment, it is usually also good for the bank account because energy costs are lower.
If you can add things to your property like solar panels and if you live in a storm zone, hurricane windows, you will definitely raise its value and may even be able to sell it faster, which are all things you want when you are ready to move.
What other renovations can you do to help boost your house value? Let me know in the comments below!