Posted on 26 May 2021
What will increase my property value the most?
Whether you’re wanting to increase your property value to sell your house now or to build on your investment when you look to move in the future, there are all sorts of improvements that you can make. From adding a bedroom to developing a new kitchen, We Buy Any House have looked at how you can dramatically increase your house’s value!
1. Add another bedroom
Increasing the bedrooms that your home can offer is one of the best ways that you can increase your property value, as it can add up to 20%. There are a few different options that you can consider when looking to add another bedroom to the house –
- Extend the property so you can build another room.
- Convert space you’ve already got, such as a loft or garage.
- Split a big room into two smaller rooms.
You can choose which option is going to be the best for you depending on the space you’ve got, your budget, and if you’ll need any planning permission to move forwards. Remember that while this is a really great way to increase your property value, it needs to be done properly. Otherwise, you can actually end up devaluing your home – especially if you split a large room into two that are too small to be classed as bedrooms!
2. Add parking
If you haven’t got parking, adding a driveway can increase your value by up to 10%. Parking is an incredibly desirable addition to near enough any home, and buyers will likely be put off buying a property that doesn’t offer adequate parking space for them.
Creating a driveway is a very popular choice for those looking to increase their house value as it can be much easier than extending, as well as being a less expensive job. It isn’t suitable for every property, so you will need to assess what space you’ve got and if it’s feasible for you – in areas that have a lot of on-road parking, a driveway will stand out even more and really get the attention of any buyer when you decide to sell.
3. Improve your garden
Garden space is always a very popular feature in homes, but over the last year, it’s switched from a desirable addition to a highly demanded essential one for a lot of buyers. Being able to utilise your open space throughout the lockdowns has made life much easier for a lot of people, so if you’ve got some garden space, you should make the most of it.
You can increase your house value by 5-10% when you improve your garden; developing a seating area is a good option and is incredibly desirable. Spend some time de-weeding and tidying your garden, and you’ll quickly see a very big difference, and for houses that have a courtyard space or balcony rather than a garden, you can see some quick value growth from improving these! Any outside space is incredibly valuable, and with some maintenance, will contribute to the price increasing.
4. Renovate the kitchen
A new kitchen will transform any home, and when done well, can add up to 10% to your property value. Older kitchens benefit even more from some updating, especially in homes that haven’t had any work done for several years, and with the kitchen being the heart of so many homes, it’s very easy to see why it’s such an effective update.
There are a huge number of trends that you can get inspiration from when you decide to update your kitchen, so look at the space that you’ve got now and try to decide which changes are going to make the most difference. If your room is a bit on the smaller side, you can look to extend to make them more spacious, and then develop a breakfast bar or even an island which are both very popular additions, especially in family homes.
By assessing your home as it is currently, you’ll very quickly be able to see where improvements should be made to make the best and biggest difference – old-fashioned kitchens or bathrooms that haven’t been replaced for a decade or more are a great place to start. It doesn’t always need to be a dramatic change either, interior shutters are a shrewd investment that are loved by home buyers not just for their practicality and insulation benefits, but for their appearance too. See what is going to benefit you most and start there – it won’t take long for your property value to start growing!