Significant home improvements can add significant value, but they can also be expensive and require a lot of outlay. Many choose to make home improvements rather than upsizing or moving.
How to Add Value
1. Extending your home and adding to it is a great way to add value and space to your home. This could include a side return extension, a rear extension, or even building into an existing basement in older-style properties.
3. Open-plan living is in high demand, and considering ways to make your kitchen, dining, and living space an open-plan area is sure to add value and appeal to buyers should you ever choose to sell.
It is estimated that although creating an open plan space could cost in the region of £3,500, it is possible that the finished result can add £27,000 + to a home’s value. 4. The addition of a downstairs toilet is particularly appealing for larger homes, or for homes that have children and larger families. They take up little space from your existing downstairs.
5. If the house itself is as perfect as you had dreamed, look into the garden space and consider adding a garden living area. Cabins, sunrooms and the installation of outdoor heating and lighting are all on-trend and appealing to buyers.
6. At a time when energy prices are soaring, consider how you can improve your home’s EPC rating to make it more energy efficient and reduce bills. This could be through the installation of a new boiler, solar panels, new doors and windows or an air source heat pump.
Conveyancing
When purchasing a home that has been modified and improved, buyers must ensure that all renovations have been carried out to a high standard and by following the correct procedure.
A specialist conveyancing service will guide you through the entire process of buying a house, including liaising with solicitors who will investigate any areas where homes have been improved or modified. They can establish the EPC rating of a house and ensure that any relevant extensions or conversions have the appropriate building regulations or planning permissions.
For conveyancing solicitors Birmingham, who are available as a nationwide service, visit https://www.samconveyancing.co.uk/Conveyancing-Solicitors/conveyancing-solicitors-birmingham.
Conveyancers can also be a useful contact in sourcing a lender for a remortgage if you are planning on improving your home and are exploring finance options to enable you to complete the work. By increasing your mortgage loan, you could free up money for renovations.