In order to climb higher up the property ladder, you need to get the best price you can for your current home. Often, this means putting money into your property, building its value, and then reaping the reward later down the line.
In this article, we’ll explore some of the ways you can increase the value of your property.
1. Improve energy efficiency
Homes that are more energy efficient have lower energy costs. Because lower energy costs are an attractive feature of a home, improving energy efficiency is an effective way to increase the value of your property. That’s why they’re among the most popular home improvement upgrades.
Consider implementing some of the following energy efficiency improvements around your property.
- Switching to LED light bulbs: These are more energy-efficient and eco-friendly than other types of bulbs.
- Insulate the walls and roof: This is one of the most effective changes you can make, especially if your existing insulation is poor or lacking.
- Upgrade your boiler: Investing in a quality heating and plumbing system can improve your EPC rating by as much as 40 points.
- Invest in glazed windows: Installing double or triple-glazed windows will
significantly cut down the amount of heat lost through your property’s windows.
2. Build an extension
Enlarging your property with a practical and aesthetic extension is an effective way to increase the value of your home. By adding square footage to your home, you’ll make it seem more attractive to potential buyers in the future, who are often willing to pay more for extra space.
Just remember to check if you need planning permission before you start doing work.
3. Add curb appeal
The outside of your home is the first thing that people see. So, by giving the front of your property a facelift, you can significantly increase its value.
Consider taking measures such as:
- Scrubbing up paving and pathways
- Trimming vegetation and lawns
- Clearing and filling cracks in between the paving
- Repainting the front door
- And adding potted plants
4. Consider a conversion
Although having spare storage space seems like a good idea at face value, it also means missing an opportunity for extra living space. Converting this unused space into an extra room is a great way to increase your property’s value.
The new living space can be put to a wide variety of uses, ranging from a home office to an extra bedroom – making your property seem more useful and attractive to prospective buyers.
5. Work within your budget
Remember that everyone’s situation is different. While the end goal is to improve the value of your home in the long run, you don’t need to put yourself in financial jeopardy in order to do so. Use whichever of the home improvement options above best matches your means and do what you can with what you have.v