Ways to increase your home value this year

Ways to increase your home value this year Cheslyn Building Contractors

Whether your goal is to renovate your home this year or sell it, making home improvements can be hugely beneficial and homeowners can add significant value, up to tens of thousands of pounds to their homes through making the right improvements.

Remodelling and renovating your home can make your home more enjoyable for your family now, and if done right, increase your homes value along the way should you decide to sell in the future. We look at various ways to increase your home value this year and maximise the space you have to create a functional and exciting new area to enjoy.

Extend the kitchen

The kitchen is arguably the most important room in the home. After all, it’s where all family activity tends to gravitate towards, and is a vital space both practically speaking and in terms of relaxation and enjoyment. With open-plan living becoming increasingly popular and the need for a separate dining room feeling outdated, it’s little surprise that kitchen extensions are so popular and a kitchen extension is one of the most popular home improvement projects to carry out.

How much an extension will increase the value of your home by depends on the placement, size, and construction. The vast majority of well-built kitchen extensions will add value since they increase the size of your property and improve and update the living areas.

Convert the cellar

Converting a basement has become increasingly popular in recent times for those looking to improve and not move, extending down to create a basement storey beneath their existing property. The new floor space it adds to your home can be used for a variety of purposes – unlike a loft conversion, which better lends itself to creating additional bedrooms, a basement is near to the main living spaces, so can be used as a social space too.

In monetary terms, converting a cellar can result in a 10 to 15% boost in the overall value of your home and If you plan on converting an existing cellar without any further structural work, then planning permission will not be required.

Garage conversion

The garage is often the most underused space in our homes. Originally garages were intended for storing cars, but not many of us actually use them for this anymore. The garage often becomes nothing more than a storage space and could be an ideal way to increase space and value to your home. Whether you’re creating a home office, a gym, or knocking through from the main house to add space to your kitchen or living room – a garage conversion will almost certainly add value to your home.

It’s worth remembering that If you are converting a detached garage, as opposed to an integral one, you are more likely to require planning permission, or need to apply for a change of use.

Increase living space with a conservatory

Named as one of the top smart renovations that actually adds value to your home, the conservatory is thought to increase the sale price of a property by five per cent, on average. Conservatories give you the opportunity to create a modern and stylish space that can be used for whatever you please and are an ideal way to create a space that feels open and allows us to enjoy views of the garden in complete comfort no matter the weather.

New bathroom

While adding on a new bathroom might not give you the same kind of returns as renovating your kitchen, it can still add, on average, 5% on to your homes value, with the most increase being found with adding an ensuite to the master bedroom. Bathrooms are often made simply for their utility, but a renovation can add that small tinge of luxury your home needs. Whether you like to keep things subtle and contemporary or dramatic and traditional, ideas can range from popular wet rooms to freestanding baths-the choices are endless.

For further information on ways to increase your home value this year and any building requirements, please contact us here.