Whether you’re considering selling your home to take advantage of the Stamp Duty Holiday or you’re looking to invest in your home for a future sale, there are some things you can do to increase the value of your home.
Deal with structural issues
One in four house sales fall through, with the majority of reasons because of the issues highlighted on a survey. To help prevent your sale falling through and potentially collapsing the chain, you should deal with structural issues before you go to market – and definitely before you carry out cosmetic improvements or internal work, such as installing a new kitchen or bathroom.
Whilst structural issues are likely to be amongst the most expensive work required in a renovation project, but they ensure your home get the offers it deserves.
Add a new heating system
One of the first things prospective buyers ask is about the age of the boiler and the heating system, so it makes sense to add a new energy efficient combi boiler. Many old houses either have no central heating at all or an old fashioned system that needs updating.
When adding a new heating system, it should be done in conjunction with other heating efficiency improvements, such as sealing drafts around windows and doors, replacing windows, and adding insulation to loft spaces. This will make a massive difference to your quality of life if you’re living in the property while renovating.
Create a flexible living
A few years ago open-plan living was all the rage, but since working from home has become the norm, there’s an increased demand for flexible living. This doesn’t mean the large family kitchen-living-dining rooms need the walls rebuilding, but that it’s possible for areas of the house to be used as offices, playrooms, libraries, and living spaces.
Wall dividers, sliding doors, and glass walls are a great way to improve flexible living space – and it’s fast becoming one of the top things prospective buyers look for in a new home.
Rewiring and replumbing
We know that updating services like wiring and plumbing is a disruptive job and will involve lifting floors, removing plaster etc, so it’s essential to complete the work before making any cosmetic improvements that a potential buyer may have to rip out anyway.
Whilst you’re rewiring, you might as well as additional sockets, especially ones with USB charging ports to really bring the home into the 21st century.
Consider a loft conversion
According to a recent survey by sellhousefast.uk, a loft conversion adds £23,754.57 on average, so it’s definitely worth doing. To make sure it does add the value it’s important that all building regulations are adhered to and if necessary, planning permission is granted.
If you don’t get the relevant permissions it might all be for nought as it won’t add any value to the property as the conversion can’t legally be marketed as an additional room. It’s always worth checking this out before starting your work.