When you decide to sell your home, you’d want to receive the most money you can get for it. Adding value to your home is essential in this case, and it doesn’t have to be difficult or overly expensive.
Before you initiate the process of adding value to your home, you need to have some money set aside, especially if you do not want to remortgage it. You should also know that redesigning your house will impact on your overall monthly budget.
Although there’s nothing you can do about the most important factor of price – location; you can alter the interior and exterior of your home to change the property’s perception and increase demand. Here are the 10 best ways to add value to your home.
How to Add Value to Your Home
15. Create an Open Plan Living Space
- Potential Costs – Entirely dependent on size and type of wall. For more in-depth figures, check out Homebuilding & Renovating guide.
- Potential Value Added – 3-5%
- Planning Permission Required – Knocking through walls requires building regulation consent
Unlike in the past where homes were built with multiple separate rooms with each one having its own individual purpose, the recent years have seen a total backlash towards this layout.
If for instance, you have smaller reception rooms, you should consider knocking one or more through, which might make a lot of difference without costing you much.
Nowadays, prospective homeowners are looking to have a large kitchen/diner with plenty of space as opposed to having a small kitchen with an even smaller dining room. Similarly, you may want to knock down your two small living rooms to create a more attractive space.
Contrary to the prevailing misconception, reducing the number of rooms will not diminish the value of your property. As long as your new home is more suited to the modern way of life, you will have added value to it.
14. Create a Brighter Home
- Potential Costs – £3,000+
- Potential Value Added – Up to 3-7%
- Planning Permission Required – Possibly if certain limits are exceeded.
There is no better way of adding value to your home than improving the lighting around it. Though spotlights throughout the home are attractive, it is in fact, natural light that’s among the primary needs that prospective homeowners can’t seem to get enough of.
The most important role that is played by lighting includes highlighting the most prominent features and functionality of your home, which would ultimately render your property a whole lot more attractive to potential buyers.
It is, however, imperative that you understand the space you intend to optimise with lighting. For example, for rooms like kitchens and bathrooms, functionality is extremely vital. Other informal living spaces like the bedroom, lounge and sitting room present you with an opportunity to showcase your character and personality to prospective home buyers.
13. Add Insulation to the Walls
- Potential Costs – As low as £4000-£6000 for 2-3 walls
- Potential Value Added – Up to 6%
- Planning Permission Required – Planning consent only needed for listed buildings.
It is no secret that more energy efficient homes have added value as compared to those with lower EPC ratings. Solid wall insulation can significantly enhance your EPC rating, in some instances bumping it by 2 full bands.
Besides, you will not incur much insulating your walls as external insulation is heavily subsidised by the GDHIF scheme; smaller properties can get a discount of around two-thirds of the cost. While larger properties receive capped grant funding, they still experience discounts of at least a third.
12. Add/Update Central Heating System
- Potential Costs – £1,000- £5,000 (new installation)
- Potential Value Added – 13%
- Planning Permission Required – No planning permission required if the work is internal.
An updated central heating system will always enhance the value of a property; it is often considered an essential by the majority of buyers and mortgage valuers.
This will cost you next to nothing; hiring a plumber to install a central heating to an average Edwardian or Victorian house could cost you around £3,000 to £4,000.
In conjunction with updating the heating system, you should consider adding new radiators, a heated towel rail, as well as under floor heating to the existing system. This is particularly the case if the boiler has sufficient capacity.
11. Install Solar Panels
- Potential Costs – £4,000 to £6,000 for 21sq ft. of roof space
- Potential Value Added – 6-10%
- Planning Permission Required – Solar panels that don’t protrude more than 20cm beyond the plane of the roof or wall may be developed under PD.
Solar panels can potentially increase the value of your home in variable ways. For instance, solar panels are often associated with lower electricity bills, which can draw any potential buyer owing to the rapidly rising prices of conventional energy.
Indeed, more homebuyers are willing to pay more for a home with solar panels, which is especially because they last for a long time and require minimal maintenance.
Besides, solar panels could greatly enhance your home’s appeal through the ongoing Feed-in-Tariff (FiT) offered by the government to reward homeowners for creating clean, renewable energy.
10. Add a Downstairs Toilet/WC
- Potential Costs – £8,000 to £20,000
- Potential Value Added – 5-10%
- Planning Permission Required – No planning permission required unless the toilet forms part of an extension to the building.
Creating a new toilet within the available space in your home is considered a surefire way of improving the quality of your life while adding value to your property. For instance, the space under the stairs or a section of the corridor can be easily converted for use as an additional toilet.
While creating a simple WC will cut the cost down, ensure to at least have a wash basin, source of light and some kind of ventilation for the room.
9. Build a Driveway and Dropped Kerb
- Potential Costs – £500 to £5000
- Potential Value Added – 10%
- Planning Permission Required – You may need planning permission; apply to have the kerb dropped.
It is not unusual to see homeowners paving over their front gardens to create driveways. Most of them are doing this to avoid paying for on-street parking permits. Homeowners are increasingly applying for installation of drop kerbs that allow cars to drive over them.
Building a driveway or drop kerb will automatically raise the value of your property as more residents are shying from the newly introduced street parking restrictions. For the majority of home buyers, a well-designed, low maintenance driveway is more appealing and valuable than a garden they hardly use.
8. Build a Conservatory/Orangery
- Potential Costs – £8,000+
- Potential Value Added – 7-15%
- Planning Permission Required – You might need planning permission if it exceeds any specified limits and conditions
Adding an orangery to your property is a brilliant living idea since it is suitable for any kind of home. It will also give your home a combination of a conventional extension with a conservatory roof.
Advanced technology coupled with new materials such as bi-folding doors can be added to give an impression of class. This can be of much benefit since they can be customised to suit your budget.
You can also talk with your designers in order to have it designed in a classy way that will greatly affect the overall value of your home in a positive way. Even though this is an expensive idea, it will definitely add value to your home, as it adds more living space to your home.
7. Build French or Patio Doors Leading to the Garden
- Potential Costs – Up to £10,000
- Potential Value Added – 3-6%
- Planning Permission Required – Fruit trees can be chopped down without consent unless in a conversion area. Permission required when for creating extensions.
Bringing in the garden is a popular trend that can be done in various ways, which include adding creating bi-fold doors that lead to the garden or building a patio. Upgrading your home through patios and folding doors will create an illusion of more space and help to improve the lighting throughout the living room.
6. Keep the Walls Plain and Simple
- Potential Costs – £100 to £500
- Potential Value Added – Up to 5%
- Planning Permission Required – No planning permission required for upgrading internal walls. Consent needed when using contrasting cladding on home extensions.
Your walls are the first thing that people look at when they come into your house, which makes upgrading them one of the best ways to add value to your home. The walls are also the easiest features of your home and can be easily changed or updated.
However, you need to keep them simple by changing them into one soft colour; add a few pictures on them so that they don’t look too plain. The cost of this process will depend on the size of your house.
5. Keep the Floors Plain and Simple
- Potential Costs – While carpets are not that expensive, tiles and wooden flooring could take up a huge amount of money, but you can seek discounted offers for both buying and installations.
- Potential Value Added – 1-2%
- Planning Permission Required – No consent needed unless the building is listed.
Most people tend to forget the quality and style of flooring when they are upgrading their homes, yet it is very important. When upgrading your flooring, you need to choose a long-lasting material such as wood, or you can go for laminate floors; be sure to keep it simple though.
You should also add carpets that are not so much complicated and ensure to add simple tiles in your kitchen and bathroom. While carpets are not that expensive, tiles and wooden flooring could take up a huge amount of money, but you can seek discounted offers for both buying and installations.
4. Convert the Garage to Living Space
- Potential Costs – £10,000 to £15,000
- Potential Value Added – Up to 15%
- Planning Permission Required – It can be done under Permitted Development rights (PD) provided that you are not increasing the overall footprint of the building.
The majority of home garages in the United Kingdom do not contain cars. If you have an off-road parking spot, you should convert the garage into a living space. This would significantly increase the value of your home, but this action needs proper planning.
Although it is among the best ways to add value to your home, converting the garage into a room can be highly expensive, especially if you want to add a bathroom in it. You could also turn it into a playroom or a study, depending on the layout of your property.
3. Install Double Glazed Windows
- Potential Costs – £5,000+
- Potential Value Added – 5-10%
- Planning Permission Required – No planning permission needed to replace or add new windows.
Double glazing your windows means fitting them with a sealed unit that compromises of two glass panes with a spacer bar around the edge, which is then sealed with a special kind of sealant. This prevents air from entering into the sealed unit.
The desiccant is used to remove any moisture that may have been present when sealing it. The most common type of double glazed window is uPVC casement, which could cost you about £2,000, but might take your house up the ladder.
2. Fix and Clean Up Superficial Flaws
- Potential Costs – £50 to £1,500
- Potential Value Added – Up to 10%
- Planning Permission Required – No planning permission is required; you might, however, want to follow building regulation guidance on such elements as electrical works.
A cosmetic solution can be effective in disguising problems from possible buyers but can be very hard to fool a professional property valuer. Therefore, you need to put in effort in fixing leaks, cracks on the wall, rising damp, rot, chimney complications and other problems that will affect the overall value of your property.
Although fixing and cleaning more serious flaws can be costly, it’s essential for adding value to your home and making it more enticing.
1. Apply For Planning Permission
- Potential Costs – Applying for permission could cost you between £1,000 and £2,000
- Potential Value Added – Up to 10%
You are not required to apply for a planning permission for maintenance, repairs and minor improvements like changing the paint of your house. If, however, you live in a listed property, you will need a building consent for any important changes, whether external or internal.
Additionally, if your property is located in a conservation area, a place with outstanding natural appearance or national parks, you are required to apply for consent before covering the external part of your home with pebble dash, timber, artificial stone, tiles, render or plastic.
Outside of these areas, the cladding can be done without applying for permission provided that the materials you use are similar in appearance to those used to build your house. Applying for permission could cost you up to £2,000, which could turn out to be worth it if future buyers are looking for more potential from your home.
Final Tips | Adding Value to Your Home
If you are interested in working your way up the property ladder and you’re spending sleepless nights pondering on how to add value to your home, you will want to go beyond cosmetic enhancements like redesigning the kitchen or converting the loft.
For instance, you should consider carrying out basic structural repairs, fixing superficial defects, replacing windows, as well as remodelling the existing space.
Most importantly, ensure to enhance the kerb appeal of your home; most potential buyers will decide on whether they like a property or not even before getting out of their cars.
Upon realising that the overall value of your property is accumulating, you may erroneously think that somehow, your house is going up the property ladder. However, when this happens, the value of larger and more expensive ones increase as well and so does the rug gaps on the property ranking.
This means that you should not sit back and let your house do all the work for you; instead, get up and start working with it. If you really want your house to go up the next rung on the ladder, you need to learn vital tips on how to add value to your home.