For many of us, our home is our biggest asset. And by improving its value, we can create a pool of wealth that can see us through into our old age.
We therefore look at the seven best ways to add value to your home, so that you can make the most of the assets you have.
1. Loft Conversion
One recent survey showed that by adding extra liveable space to your house through a loft conversion could increase the value of your home by an average of 12.5%. Ensure the style you choose is in line with the style of the house and that you have viable access.
If you have adequate outside space, a conservatory can add extra square footage and provide a beautiful living space. Just make sure the installation you choose is in keeping with the house and doesn’t look like something you’ve included as an afterthought.
3. Convert the Basement
Once you’ve gone up and out, the next logical step is to go down. Though this is the most expensive type of conversion, do the maths. If you will gain added extra square footage at a cost that is lower than the extra value you will generate, it is still going to be worth doing.
4. Get Painting
Start with the outside of your house and then move inside. Maintaining the general upkeep of the house keeps thing looking nice and protects the integrity of the brickwork. But make sure all decoration is tailored to your target audience. No Balamory style paint jobs if you want to gain the most benefit.
5. Check the Windows
The windows are the eyes of the house, and you want them as bright as possible. If you are in the process of trying to sell your house then new windows can make all the difference to your selling price. Or if you are staying in your home, an upgrade not only adds value but also provide vital security and insulation too.
6. Spend Time in the Kitchen
The kitchen is the key focal points of any home, so make sure it is a nice place to be. Concentrate on the key triangle of the sink, fridge and cooker, ensuring there a clean and efficient work surfaces between them. Ensure there is enough air and natural light to provide a welcoming feel. And install up to date equipment without going above the style of the rest of the house.
7. Get Some Space
Today’s buyer doesn’t care so much about the number of rooms as they do about the size of the liveable space. So knock down non-loadbearing walls to create the feeling of extra room and it could benefit the overall value of your house considerably.
A home owner loan is the ideal way to raise the money to make home improvements that could increase the value of your home.
So take a look around your house and see where you can make a start.
By Harry Price
Harry Price is a freelance writer and artist who enjoys cooking, walking and travelling in his spare time.