If you’re looking to sell your home, there’s no doubt that you’ll be looking to increase the resale value of your home wherever possible.
With that in mind, there are plenty of things that you can do in order to increase the potential sale price of your property in the months leading up to listing your home on the market.
In case you needed any ideas or simply wanted to know which home improvements offer the biggest potential return on investment, here’s our guide to home improvements that everybody should make before they sell.
Have An Extension Added
One of the most consistently effective ways to increase the resale value on your home is to have an extension added to either the back or side of your property.
Having a single-story extension built onto your home could add between 4% and 7% onto your home’s resale value, with this increased to a huge 11% after the addition of a two-storey extension! That’s around £33,000 when considering the average resale value of a three-bedroom, two-bathroom home in the UK.
Depending on the current layout of your home, an extension gives the new owners plenty of choice when it comes to how to use this new space. An extension could be used to create everything from an extra bedroom or bathroom, to increasing the size of the kitchen, to even making way for a home gym, office or cinema. Whatever the new owners of your home decide to do with the extension, they’ll likely be happy to pay a little extra for this versatile new space.
Have A New Kitchen Installed
It’s easy to see why a recent report by PropertyMark found that 65% of UK homeowners have their kitchen renovated before selling their property.
Having a new kitchen installed may lead to an increase of between 5% to 15% on the resale value of your home – it may seem like a small figure, but it amounts to thousands when translated into the financial return on the sale of the average UK home.
These figures are based on a mid-range kitchen installation, too, meaning that the average homeowner needn’t break the bank in order to make the most of their kitchen when selling their property.
Commission A Loft Conversion
If your home has the room to add a loft conversion and your current loft space is being left unused, you may be missing out on the opportunity to increase the resale value of your home by up to 15%.
The reason for this is that loft conversions give you the opportunity to list your home with an extra bedroom, opening it as an attractive option to plenty of potential buyers that would otherwise pass on it during their search.
Adding a loft conversion means that you can add a whole new bedroom to your property, taking a 2-bed to a 3-bed and a 3-bed to a 4-bed – needless to say, this is a great way to make your home both more valuable and more appealing to potential buyers. If you have the space to incorporate an en-suite bathroom into your loft conversion, even better.
This may not be the right option for everyone – not every loft is suited to a loft conversion, as their needs to be plenty of available headroom and the capacity to add windows and electrical wiring. However, if you can have your loft converted into an extra bedroom, this is one home improvement that we would recommend every time.
Have A Driveway Added
Off-road parking is an amenity at the top of wish lists amongst the majority of those in the market to buy a new home. Proven time and time again to be safer and more secure than parking your car on your street, it’s no surprise that adding a driveway to your property may increase your property’s resale value by anywhere up to 10%.
This is a surprisingly affordable way to improve your potential earnings from the sale of your home by thousands of pounds. If you have the room to add a driveway and are yet to do this for yourself, we’d get onto it right away.
If the lockdowns of the last year have proved anything, it’s that having easy access to a well-manicured outdoor space may make all the difference to the overall feel of your home.
A lot of the work can be done without the assistance of professional gardeners, too, making this one of the easiest and most affordable ways to increase the value of your property. It’s likely that you’ll only need to call in the professionals when it comes to hiring a landscaping thing to add paving and decking – an essential part of this particular project if you’re looking to maximise your returns.
Don’t let a perfectly good garden go to waste – sprucing up your outdoor space is an absolute must if you’re looking to make the most of selling your property.
Get In Touch With Charmley Construction
At Charmley Construction, the most important thing for us to build is our relationship with you. We take the time to talk to you from the start, so that we can understand exactly what you want and make sure you understand exactly how we’ll provide it. And we keep talking to you throughout, involving you in every stage from start to finish.
We’re here to help you bring your dreams to life and make your home the best it can be. We treat your job as if it was our own home, arriving on time, working respectfully with the minimum of mess, and not leaving until we are completely satisfied with our work.
If you are looking to have any improvements made to your home, whether it be structural alterations, extensions, kitchen and bathroom installations or brickwork, we are more than happy to help. Please don’t hesitate to get in touch with us today and talk through your vision with us!