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.
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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 busiest and most important living spaces in your home. It’s not just about choosing new appliances or flooring—it’s also about finding the right cabinetry to tie everything together. For example, exploring kitchen cabinets orange county or another local area can make a big difference in creating a personalised look that reflects your style while maximising storage. A complete kitchen renovation, with thoughtful storage solutions, quality appliances, worktops, tiling, and flooring, can increase the value of your property by around 10%. With so many kitchen styles and designs available, a renovation will breathe new life into your home and capture the interest of potential buyers if you’re looking to sell.
Roof renovation
If you’re looking for a renovation project that offers significant value, consider a complete roof renovation. While repairs may temporarily fix leaks or patch up damage, fully renovating the roof can transform the entire look and longevity of your home. A new roof not only provides peace of mind against future weather damage but also enhances the overall curb appeal of the property, which can be crucial when attracting potential buyers. Opting for a full roofing project allows you to choose modern, durable materials that can dramatically increase your home’s value. This type of renovation ensures your home will be structurally sound and aesthetically appealing for years to come.
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.
