If you are interested in working your way up the property ladder to your dream home, first you need to know how to maximize the value of the property where you live now. Should I renovate or not? That’s the most self asked question by any property owner when they are planning to put the house on the market. On the other hand, with property prices sky-rocketing these past few years, many people choose to alter their current homes instead of moving. Doesn’t matter if you’ve just moved into a fixer-upper, or if you need more space for the family, you’ll probably end up asking the same question. So, what are the best ways to add value to your home?
Truth is, there are plenty of options. You could go with a brand new kitchen, add a conservatory or even fit new flooring. Yet, not every major renovation is made equal. Some renovations will bring a bigger increase to your property’s value than others - and it’s not always about how much you spend, either. In this article, we’ll reveal which home renovations will make the biggest impact on your daily life and add significant value to your home.
Converting a loft for an extra bedroom, office, or playroom can add up to 20% to the value of your property. A lot of families choose to convert their loft area as it means gaining more space without having to endure the costly and stressful process of switching homes for good. Even though converting the loft for an extra office or bedroom is a huge project, the good thing is that in the majority of loft conversions you don’t have to move out while work is going on. The price to convert a loft varies depending on many factors such as the actual size of your loft, what type of room you want to gain with the conversion, whether your house is terraced, the location of your property, and many more. Either way, the prices for loft conversions nowadays range from £15,000 to £45,000.
Once finished, you can go with a trendy wall color like Spiced Honey as the color you will choose will be what defines the new space. Described as ‘calm and nourishing’, this warm caramel color is ideal for loft bedrooms because of the cozy and homely feel it delivers. With sloped ceilings, low spaces under the eaves, and awkward corners - lofts are perfect for squeezing that all-important extra storage you always wanted. Find yourself a professional carpenter and make sure to maximize every inch of sloped are with wall-to-wall storage units and shelves that fit perfectly.
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Freshen Up Your Exterior
Never forget that the exterior of your property is just as important as the interior! A well-planned exterior update increases the property value and offers a much needed aesthetic upgrade of the property. Possibilities for freshening up your exterior include paint and siding, but don’t forget of brick refacing too. You can easily make your exterior the best in your neighborhood. It can be a costly and time-consuming project, so if you go with repainting the exterior make sure you go with timeless colors so this isn’t a fix you’ll want to change by the end of the year.
Extra Hint: Bring The Indoors Out
Another fantastic 2020 trend will be to bring the indoors out. You could make a simple patio feel like an extension of your home with proper cushions, rugs, or even an outdoor fire pit to make the patio homey and ready for the season. Another option to have in mind is to add a deck to your home for even more added value.
A bathroom remodel can range from minor improvements to major renovations to give you better property value. Carefully examine your space to see where updates are most needed. The bathroom surround, fixtures, sink, and bathroom tiles are common focuses for an update that offers a great return. Still, if your fixtures are in good shape - reuse them! That way you can spend more on the luxuries, like updating to modern shower doors or installing a high-value waterfall faucet in a black matte finish.
A new bathroom should last for a long time, so stick with timeless choices when equipping one. Choose trendy tiles, or if you paint it a neutral color that can be easily be repainted in favor of a new option in the future.
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Replace The Old Windows
Going energy efficient is always a great idea, especially when it comes to your home improvements. Getting rid of the old wore windows and replacing them with brand new ones can drastically increase the value of your home. When they are properly installed and sealed well, the new windows will keep your home warmer in the winter and cooler in the summer.
As for 2020, windows trends come in modern styles and classic designs with minor updates. You will have options to suit the style of your home so everything can blend together to achieve the perfect exterior look. Another great option if you are planning to update your windows are ones made from aluminum.
Adapt Your Garage
In case your garage has become a dumping ground for clutter, it’s probably time to rethink the space. There are two options, you can either clear it out or, if you want to add more space and value to your home - you can go with a garage conversion. If you opt for the second choice, it will give you an extra room that’s tailored to your particular needs and might increase your property’s value by up to 10%.
If you go with a garage conversion, there are other advantages too. First, you won’t have to sacrifice your garden or loft for an extension, and second, much of the work is done inside the garage so disruption will be kept at the very minimum. As with any conversion project, you have to think through the impact the converted garage will have on you and your family as well as future buyers. Do you have additional parking on your property? Is your garden big enough for a shed if you need more storage space? In any case, check whether you need planning permission in order to convert your garage.