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House Renovations That Will Help Increase Your Property Value

Adding value to a property is becoming more and more popular in today’s current housing market and thankfully for homeowners and property renovators, there are a handful of home renovations that can be carried out that will instantly increase the value of a property.

Whether you are looking to carry out a renovation to improve your living space or to prepare a property to place on the housing market, the following renovations can help increase your property value.

Improve any underlying structural issues

Ensuring that your property is structurally sound and safe should be a priority for anyone looking to carry out home renovations to add value to their properties. Structural issues such as subsidence can negatively impact the value of a property, and even if you carry out other home improvements and renovations whilst neglecting any present structural issues will still bring the value down.

Dealing with structural issues can be quite costly but they are vital if you really want to get the best value for a property. Common examples of structural issues include:

  • Structural cracks
  • Rotten joists
  • Bowing walls
  • Insect infestations
  • Leaning walls
  • Uneven flooring

Invest in a loft or garage conversion

Loft and garage conversions are becoming increasingly popular for home renovation projects as with any type of extension that creates an additional living space, the property value will automatically increase.

Standard loft conversions cost between £20,000 to £40,000 which will be dependent on features such as including an ensuite, a double bedroom or types of windows such as a set of modern aluminium windows to incorporate. On average, a loft conversion with an added bedroom and ensuite will increase the value of your property by 21%.

A basic garage conversion will cost on average around £5,000 depending on the size of the garage and what the garage will be used for. If it’s going to be used as a living space, you may wish to look into companies like Garage Mania who can help you when it comes to storage solutions for this new room.

Kitchen renovations

A kitchen renovation is a perfect way to upgrade one of the most busiest and important living spaces in your property. A complete kitchen renovation which includes sophisticated storage solutions, quality kitchen appliances, worktops, tiling and flooring, can help to increase the value of your property by around 10%. With so many new kitchen styles and designs that can be chosen, a kitchen renovation will help bring new life into a property and will be sure to capture the interest of potential buyers if you are looking to sell your property.

Bathroom renovation

Just as popular as a kitchen renovation, renovating your bathroom can definitely help to increase the value of your property. When you invest in a new bathroom, the bathroom has the potential to increase the value of your property by up to 5%. This will be dependent on the design of the bathroom and the build, and any features you included within the bathroom such as a wet room style bathroom.

Garden rooms

Garden rooms have become very popular amongst homeowners due to the fact that they can be used for a number of different purposes, such as a home office, gym, home bar or just a little living area where you can relax. Garden rooms help to create an aesthetic feature to a property and can help to increase the value of your property as it makes the property more salable and unique.