Top 10 renovations that add value to your home
Home renovations come in all shapes and sizes and have different influences on a home’s value.
Whether you’re willing to part with a lot of cash to really revamp a place, or just spend a small amount wisely, we’ve listed 10 different home renovations that can really add value – not just in terms of your living space, but also the value of your home should you come to sell:
Restore period pieces
The exact amount of value restoring period pieces can add to your property is difficult to state but it could make a significant difference if a buyer falls in love with a unique feature you’ve recently renovated.
If you live in an older home that has characteristics that show off its age, it’s worth focusing your attention on them. Features like original tiling, wooden flooring or radiators, as well as original bannisters or fireplaces are all sought after by buyers.
If you think your home has some nice antique touches but they’re looking a little shabby, consider getting a professional in to renovate them.
Convert a space into a small bathroom
An additional bathroom is a small renovation that can cost as little as £2,500 and increase the value of your household by 5%.
It’s not quite an additional living space, but a handy renovation nonetheless, especially if you have any extra rooms or underused areas such as cupboards or space under the stairs.
Make your living area open plan
A lot of older houses were built with smaller rooms and lots of fireplaces to help keep warm. Nowadays one of the most common bits of home renovation is to open these up.
Opening up living spaces can help to boost a property’s value, increasing it by up to 5%.
The most common open plan renovation is opening the space between a kitchen and living room. Be sure to have a professional check which walls are load bearing.
Revamp your kitchen
Renovating a kitchen can make such a difference to a home and increase the value of the property by up to 10% but the costs can also quickly escalate into the 10s of thousands.
If you’re looking for a cheaper option however, there are other options too. Replacing the taps, adding new cabinet hardware, and replacing old light fixtures with modern, energy-efficient ones can all help to bring a new lease of life to a kitchen.
If you’re looking to make your money stretch as far as possible, try painting the cabinets a new colour. Refinishing the cabinet boxes and installing new cabinet doors, drawers and hardware can also be an intermediate option to add more value.
Add a conservatory
Another popular choice when it comes to renovation is adding a conservatory. If you can afford it, it’s worth building it with the best materials because it could increase the value of your property by up to 10%.
A conservatory can cost anything from £4,000 to £40,000 and take up to 12 weeks to be built. This type of extension is usually considered a permitted development if the build meets certain limits and conditions, so you might not need to apply for planning permission.
Convert a garage
Whether it becomes a second living room or extra bedroom, turning an old garage into an external living space could increase your property’s value by up to 15%.
Once again, converting an existing garage is often classed as a permitted development, meaning you won’t need planning permission, saving you money and hassle.
Extend your kitchen
The most popular way to extend a kitchen in terraced or semi-detached homes is to add a side return. Adding a side return could increase your property’s value by up to 15%, which makes it a great investment.
This type of renovation expands the width of your kitchen to match the rest of the house, gaining you lots of valuable space with options to add a dining table or an island. It usually costs between £40,000 and £50,000 and the building work is often classed as a permitted development.
Convert your attic or loft
Having an entire attic converted can increase the value of your property by 15%.
The cost for a simple ‘room in roof’ conversion can be as little as £15,000, but more complicated conversions can cost as much as £55,000 for a full attic conversion.
Convert your cellar
If you’re lucky enough to have an unused cellar, or one you’re using for storage, you could transform it into a living space. Having an underground living space can increase your property’s value by up to 30%.
This is considered a change of use and is unlikely to required planning permission.
Improve the exterior
How enticing and attractive your house looks from the outside will form the first impression potential buyers get and can play a big part in its value.
Simple steps include sprucing up your front garden, giving your home a new lick of paint or cleaning all your windows and doors.
If you have the budget and want to see some dramatic improvement, you could replace your front door or add a new porch.
Whatever you do, make sure it fits with the aesthetic of your home and isn’t jarring.