When owning a home, there may come a time when you wish to sell and move on, but you don’t want to make a loss. There are ways that you can increase the value of your home, and you just need to know where to start.
Sometimes it’s the simplest things that add value as well. It’s all about knowing the current market and what buyers are looking for. So, if you want to make £100,000 on your home, keep reading and discover 3 ways you can do just that!
1. Add More Space
One of the best ways to increase the value of your home is to have more of it. The bigger the house, the more it will cost. With this in mind, adding single storey extensions is a fantastic way to boost your home’s value and give you more space to live in.
You could even just add a conservatory to the back of your house and see how much value this small addition can add. Converting your attic is also a fantastic way to bring more room to your home, and it can add a fair amount of money to its overall value as well.
Although these changes will cost you money upfront, they will pay you back tenfold in the long run. So, if you want something that will benefit you while living in your house and will increase its value, then you definitely need to incorporate more space with extensions and conversions.
2. Renovate And Modernize
A lot of homes, although well decorated, maybe a little outdated and not quite up to date with current styles. It’s a good idea to decorate your home with a timeless interior so that your home won’t decrease in value if something goes out of style.
You might think that the glittery silver wallpaper table and matching curtains look great at the time, but when it comes time to sell, you may find that it’s no longer on trend and can decrease the value of your home.
Try keeping your interior simple and clean so that no matter what, your home’s value will only increase. Another tip is to modernize your house. This means upgrading your heating systems and fitting top-of-the-range radiators.
You could have underfloor heating installed, too, as this can add between 10 and 20 percent more value to your home. Upgrade your windows to double or triple glazing as the more energy efficient your home is, the higher its value is.
So, don’t only think about modernizing your furnishings. Make sure you consider bringing your whole house up to date, and you’ll soon make £100,000 on your home.
3. Don’t Forget The Outside
As well as ensuring the inside of your home is perfect, you also need to think about the outside of it too. Getting a new front door can be a small but effective change that you can easily make yourself.
If you want to go bigger, then renovating your driveway can be a fantastic way to upgrade the front of your house. Changing it to something more accessible and safer for cars to park on can be way more appealing than an overgrown garden with a few paving slabs thrown around.
Make sure you take the whole of your home, including the outside, and you’ll easily be able to increase the value of your home.
Making money back on your house isn’t as difficult as you think. These simple tips can be enough for you to make even more than £100,000 in the end.
You don’t have to have the most luxurious interior or the biggest driveway in order for your home to be worth a lot. As long as you keep it modern, spacious, and efficient for living, then you’ll be able to create a home that pays you back when you need it most.