If you’re trying to get a foot in the door of your dream home, or one onto the steep slopes of the property ladder, then adding value to your current home is going to give you a considerable leg up. Maximizing its worth through maintenance and renovations will be hugely beneficial for you, and doing so can be easier than you expected. Not all improvements set you back thousands, although investing in assets can be potentially a brilliantly profitable way of gaining interest. For whatever reason you wish to add value to a property, you need to know which methods will gain you the most money and which projects are better off left alone.
Add Luxury Pieces
Adding decorative pieces to a living space can boost the value of a home considerably, after all, they’re assets and potentially fantastic means for investment. If you have a particular penchant for antique furniture and design, then consider adding the likes of traditional mahogany, a grandfather clock, and antique porcelain in the form of chandeliers, ornately decorated vases, and figurines, for example. If you prefer to look online, it’s worth looking at M.S. Rau Antiques and searching through the beautiful and rare pieces they offer.
Attic Conversion
Typically, houses with more bedrooms have a higher market value than those with less – this is especially true of rented properties. Consider converting your attic space into a bedroom complete with an en-suite bathroom to increase its worth reasonably quickly. Many attics are suitable for conversion. However, it’s worth inviting an architect or builder to double-check safety standards and possible renovation options. The same goes for converting cellar space – if you want to add more value to a home, then every opportunity to make storage spaces liveable should be made. Bear in mind, that attic spaces should allow as much natural light to filter in as possible. Ensure that windows can be installed, as attics can provide some of the best vantage points to spectate the landscape around.
Basement Conversion
You’ll be pleased to hear that converting a basement is one of the least complex ways to improve a property and add value. This is because doing so can qualify as only a “change of use,” meaning that you needn’t necessarily apply for planning permission to change the storage space into appropriate living space. Having said this, the laws are significantly different if you’re planning to conduct structural alterations to a listed building. If this is your plan, then contact a planning officer to learn more.
Split It Into Flats
Flats can be hugely popular in cities, and they can be easier to rent out than entire houses. Consider adding value to a property simply by turning it into separate units and boosting rental income tenfold (providing it’s in an advantageous location for young professionals, students, and those working in the city center). Before going ahead, always make sure that there’s sufficient demand for flats in your area, and assess the most profitable option between having it furnished or unfurnished.
