Is it better to renovate or not to renovate? If you’re planning on selling your house, you need to ask this question first.
When it comes to working your way up the property ladder to your dream house, you need to maximize the value of your current home. The list below provides some tips on how to maximize the value of your home. All figures are estimates and not guaranteed but they will do the world of good to your home.
Converting Your Cellar
Adding a room to an existing cellar can boost a house’s value by 30% – as long as the construction costs per square foot are lower than the prices per square foot of the space.
In reality, you don’t have to get planning permission to convert your cellar as it qualifies as a ‘change of use’. You’ll need to consult your local planning officer, however, if you’re planning to alter a listed building.
No cellar? Add square footage to your home by digging a basement – conscientiously keeping in mind that waterproofing and excavation require specialist skills. Make sure you hire the right team from the beginning so future problems aren’t created.
Split Your House Into Flats
When flats are in high demand and easier to rent, it may make sense to convert a house into flats. It is therefore possible to maximize rental income in the short term and profits on the sale in the long run by splitting a property into separate units.
Do some research before you start a project so you know there’s demand for flats in the area. The conversion of smaller flats could be a good option if three-bedroom properties don’t seem to be moving.
Convert Your Garage Into Livable Space
Garages that aren’t used to park cars could be converted into living spaces, especially if you have an outside parking area.
The first thing you should do is to determine whether you need planning permission and whether your garage is suitable for conversion. You will most likely not need planning permission if you convert a garage as permitted development, but always check with your local planning authority.
Building regulations must be followed when converting a garage to ensure it has a solid structural foundation. Building control services offered by your local council or an independent inspector can check that certain areas (such as electrical, heating, and drainage) meet regulations during the conversion process.
Loft Conversion For An Added Bedroom
It is estimated that adding an extra bedroom to your home can increase its value by 15 percent, especially if it includes an en suite bathroom. Converting lofts is possible in most cases, but you should work with an architect or builder to make sure.
When planning, you’ll need to understand the different conversion options available. There are several types of roof light conversions, from the least expensive roof light conversion to the most expensive mansard conversion.
Add A Conservatory
Fully glazed conservatories let you feel more connected to nature. To begin, consider your lifestyle and home use to determine whether a modern or traditional style is right for you.
You should carefully consider your glass options since they will likely make up the majority of your conservatory. There is a wide range of glazing options available, from solar control glass to self-cleaning glass. Double glazing may be the minimum permitted by building regulations, but there are many other options available. Take into consideration your specific needs and the style of your home before choosing.
As far as the frame is concerned, you have several options. Before choosing your conservatory’s material, conduct research and ask for advice from experts. Research uPVC, wood, and aluminum frame prices and get advice before making a purchase.
Get Planning Permission
If you are considering buying a property and adding value to it by adding new extensions or making major improvements, make sure you research whether you will need planning permission. Whether you can get that bigger square footage or not, the yield calculations are worthless if you can’t get it.
Kerb And Yard Appeal
When planning to sell your home, be sure to maximize your garden space, especially in London, where garden space is limited. If designed as an additional room, a summer house can add value to the property as well as turn a garden into an entertaining area.
Make sure your home has a strong first impression by painting it, installing a new front door from Renewal Coastal NC, and polishing the metalwork. Grass your lawn and sweep up leaves to tidy up your garden.
Install A New Bathroom
You can certainly increase the value of your home if you add a new bathroom, but you may also have to invest a considerable amount of money in the process. Don’t worry, it is possible to make updates within your budget.
Keeping your existing layout is the best way to keep your price down. It is possible to incur an additional cost if you need to relocate soil pipes and water inlets as a result of moving sanitaryware. Have you ever considered updating your bathtub enclosure? The cost of a frameless enclosure is usually higher than that of a framed enclosure. When choosing between an exposed and a concealed model, you should choose the exposed model because installing the concealed model involves chasing the pipes through the wall.
It is also common practice that wall-hung sanitaryware is generally more expensive than those that are mounted on the floor. There will be cisterns and brackets inside the walls, which will have to be hidden for security reasons. By choosing an entire bathroom suite rather than individual pieces, you’ll be able to save even more money. Additionally, you should be on the lookout for seasonal discounts.
Create An Open Living Space
Your house can be revolutionized and you can save money by knocking down the wall separating the kitchen from the living room. You can do this yourself or hire a professional: depending on the wall’s load-bearing capacity. It might be dangerous to remove it without expert help.
It’s possible to build an extension on the rear or side of your house if knocking down an internal wall is not possible. You’ll get exactly the room you need with potential added value to your home, even if it’s costly and time-consuming.
Although there are never any guarantees, this guide should help you to increase the value of your home. Do you have any other tips that could do the same? Please share some in the comments below.