Home > Finding Homes > Features That Add Value to Your Home

Features That Add Value to Your Home

By: Emma Eilbeck BA (hons) - Updated: 16 Sep 2012 | comments*Discuss
 
House Property Value Garden Invest

Whether you are looking to sell your house immediately or just boost its value in order to remortgage onto a better rate, there are a few things you can do to it on a budget to give your house a face-lift and increase its value.

Decorating and renovating don’t always have to break the bank, but the more you put in, the more you are likely to get out, so if you do have some money to invest, your home should be your first port of call.

An increasing number of homeowners are finding it difficult to remortgage elsewhere or reduce their mortgage because their house has dropped in value, so are looking for ways to increase its value.

A Loft Conversion

Ok, so it might not be something you can do overnight, but if you seriously want to boost the price of your property, a loft conversion will add between 6 and 10% to your property’s value.

You will obviously need a loft in the first instance and it may be some time before you are able to recoup any gains from your investment, but in the long run you will see a positive return on your money.

An Extra Toilet

Most people will be amazed at how easily they can fit a second toilet into their house without having to build an extension or start knocking down walls. A downstairs toilet can add around 5% of the property’s value to your home. If you have a large cupboard or a chunk or another room you can convert, this could be an easy way to add an extra toilet.

Off-road Parking

Just because you don’t have a garage it doesn’t mean you can’t create some off-road parking, or even on-road parking. If there is no way to extend your drive to incorporate a parking space, you might want to ask your local council for planning permission to lower the curb on the pavement outside of your property. This will normally cost between £1-3,000, but will incorporate the space into your property and make it more attractive.

A New Lick of Paint

You may not think it, but not everyone will love your choice of decor. When it comes to selling a house, it’s best to put the brightly coloured paint away and stick to cream and white colours if you want your house to be appealing. Although it is hard to pinpoint how much value decorating adds to your house, it does make it more attractive to potential buyers and it could mean the difference between a sale and no sale.

Going Green

Not all changes that add value to your house have to be cosmetic. On average eco-friendly homes are worth 6% more than standard ones. Installing good loft insulation and wall insulation could reduce your bills by £210-£250 a year. Although you will initially need to pay to get it done, it will ultimately lead to your home being more affordable.

Having Green Fingers

The thought of digging up weeds might strike fear into you, but having a tidy garden can add thousands of pounds to your property.Keeping your garden well maintained and attractive will not only make your house look prettier but it will also attract potential buyers. And once you have the gardening bug, why stop there, planting vegetables and fruit in your garden is a great way to save money and go organic.

Nice Neighbours

Having nice neighbours might not directly add value to your property, but they can often act as a deal breaker if a buyer is undecided. Similarly, living in a nice area and a good catchment district for the local schools are added bonuses.

If the current economic climate has left you unable to move home, don’t despair, there are a number of things you can do to give your home a makeover and increase its value.

Decorating is the best way to make any house look like new, but be careful not to go overboard, you don’t want to end up getting into debt in order to make your house look good. It’s the small things that can make a huge difference.

You might also like...
Share Your Story, Join the Discussion or Seek Advice..
Why not be the first to leave a comment for discussion, ask for advice or share your story...

If you'd like to ask a question one of our experts (workload permitting) or a helpful reader hopefully can help you... We also love comments and interesting stories

Title:
(never shown)
Firstname:
(never shown)
Surname:
(never shown)
Email:
(never shown)
Nickname:
(shown)
Comment:
Validate:
Enter word:
Latest Comments
  • ste
    Re: The Right to Acquire Scheme
    right to acquire exempt from right to acquire rural area yet the have sold house to next door less then 2yrs agar
    6 December 2019
  • Shaz
    Re: Are You Classed as a Key Worker?
    I am a key worker in milton keynes, where can i find key workers properties and how can i apply for them?
    3 December 2019
  • bhavin
    Re: What Are My Responsibilities Under Shared Ownership
    I had burglary in my flat which is road side ground floor . The main door lock has broke and i have…
    2 December 2019
  • gilly
    Re: Selling Your Shared Ownership Property
    Hi I just read your article and I have shared ownership with Fortis Living and your article says that the Housing…
    28 November 2019
  • Kezza
    Re: Buying Your Council House
    Hi Im just after some advice me and my partner and our 3 kids live with my partners mum in her council house who has just been offered…
    8 November 2019
  • Keith
    Re: The Right to Acquire Scheme
    After being told for 3 years that I can apply for a right to acquire, I'm now being told I can't, on the designated rural area in…
    7 November 2019
  • Lnm_86
    Re: The Right to Acquire Scheme
    I have been a housing association tenant for 11 years, 9 of these were with one association and 2 years with another (Still with…
    5 November 2019
  • Tim
    Re: The Right to Acquire Scheme
    Hi there, Thank you for giving us a chance to ask questions with regards to affordable housing. I want to buy a house with the…
    1 November 2019
  • Sunjam
    Re: The Right to Acquire Scheme
    I have lived in this property for almost 11yrs now. I have notified my landlord of my interest to buy the property under Preserved…
    31 October 2019
  • Bash.
    Re: Housing Association Properties
    I am currently living with my parents in a Te'o bed ground floor disable flat with my 3yr old daughter and my Nephew. My 23yr…
    28 October 2019