Now that we’ve had a look at some of the factors that may be taken into account for the pricing of your property, let’s take a look at what you can do to increase its value. We surveyed local property experts across England, Wales and Scotland, and this is what we found.
Refreshing your kitchen could improve your property’s worth
The kitchen, often referred to as the heart of the home, can be a deal-maker or breaker when attracting potential buyers. A fresh coat of paint and some decorating touches could lead to a 1.1-2% uplift in property value.* This simple makeover could translate into a significant financial gain when you decide to sell your property.
Add value with a splash in the bathroom
Next to the kitchen, the bathroom ranks high on the list of impactful renovations. A new bathroom is also capable of adding a 1.1-2% increase in value to your home.*
However, this isn’t a task that can be taken lightly - plumbing costs, water supply, heating, and electrical requirements all need to be considered before you start work on fittings and tiling, so take your time and speak to experts to ensure you get it right.
Adding decking or a patio makes your home more attractive to buyers
An attractive outdoor space is a powerful feature to attract potential buyers. What’s great about making over a garden is the number of options there are; lawns, flowerbeds, paving, decking, water features, lighting, sheds, the list goes on. It’s a chance to get creative and make a real difference in the attractiveness of your property. And whether it's through elegant decking or a charming patio, creating an inviting garden can make your property stand out in a crowded market.
Creating a home office is a great investment
In today's property market, a home office can significantly add value to your home. Establishing a dedicated workspace reflects the needs of modern buyers and can be an appealing factor for those looking to balance home and work life under one roof.
This can be a fairly simple setup, and setting the scene with a good desk and chair, ample plug sockets for computers, printers and strong lighting will help sell the space and, with that, your property.
Driveways could pave the way to higher value
A well-designed driveway not only enhances the visual (kerb) appeal of your home but also adds practical value. This investment can make a lasting impression and potentially increase your sale price.
Convert your attic and basement
Converting underused areas like attics and basements into functional living spaces can unlock hidden value in your property. These transformations can add substantial square footage and appeal, making them a smart move for homeowners looking to climb the property ladder.
Increase your energy efficiency to make your property stand out
Aside from the environmental impact of using excessive fuel, the financial cost of energy is rising, and smart buyers will be keen to know how efficient your home is. If you don’t already know, find out your energy rating and compare it to other homes on the market that are similar. Plus, by installing double or triple glazing, and/or insulating lofts and walls, could add to your property’s value.
With this in mind, well thought through renovations could be the key to unlocking your home's full market potential. It’s also important to remember that every home is unique, meaning that the value of the potential upgrades will also vary from property to property. As a general rule of thumb, visible improvements often have a stronger impact on buyers, so decluttering and ensuring the exterior of your property is spick and span can really help improve your sale.
Curious about how upgrades could elevate your home's worth? Start with a free valuation and expert advice from our team today.