Add Value to your Property with These 4 Improvements
Your home is quite possibly your greatest asset. If you want to use it so that you can capitalize on the market, then you need to do everything you can to make the best decisions from the get-go. If you need some help doing that, then you can find out everything you need to know right here.
Planning your Home Improvement
Before you go ahead and bring in the builders, you have to remember that the road to improving your property can be difficult. On top of this, you are not always guaranteed a huge return. If you want to make sure that your property gives you the best result, then you need to chat with local estate agents so you can find out if your home is going to increase in value or not. Of course, every home has a ceiling value, so you have to make sure that yours does not end up outweighing the profit. It’s vital that you make sure that you do everything you can to ensure that your home is finished to the highest standard as a poor design could end up reducing the value of your home overall, and this is the last thing that you need.
Extending your Home
Increasing the amount of square footage that you have in your home will usually end up earning you more money overall. An extension could add on over 12% of the market value. You will be paying quite a lot for your extension, so it helps to double down to make sure that it is the best possible decision for you overall. Whatever you choose, it helps to make sure that you pay attention to the design and how it reflects your home. The golden rule would be for you to keep the proportion of the design in-line with your property. You also need to make sure that you do everything you can to ensure that the downstairs and upstairs ratio is balanced. If you want to add a garage, look into
up and over doors if possible.
Add a Basement
Even though there might not be any official figures that show you how much value a basement could add, it will certainly add to your home. Conversions like this can add a lot of square footage to your home, and this is especially the case if you have an urban property where the use of land is very restricted. Bear in mind that if you dig out a new basement, this will cost you significantly, as you will need to hire an architect to ensure that your extension is planned out properly. This will make it harder for you to make money back on your investment. Converting an existing cellar, on the other hand, tends to be much cheaper, and it can reduce a lot of the risk involved.
Convert your loft
In terms of home improvements, loft conversions can give you the best value for your property. It’s possible for you to gain up to 15% of your property’s market value back when you sell, and this can really work in your favor. You can add up to 30% of your property’s value if you are able to add luxurious features.