If you’re looking to sell your home within the next few years, you should look into what proactive home improvements you can do to increase the value of your home and make it more desirable to potential homebuyers. Many of these home improvements will give you a much greater return on investment when you do sell, so it makes sense to spend some money now, so that you get a bigger return when your property goes on the market.
Home improvements that increase property value
Convert unused storage areas into living space
One of the most impactful home improvement projects you can do, in order to increase the value of your home is converting underutilised storage space like basements and attics into habitable living spaces. With property at near all-time-high prices, a premium is put onto properties with ample living space, so rooms like lofts and basements that rarely see action, are prime targets for conversion.
All in all, a basement or loft conversion will likely be a costly affair, but one that will pay dividends when it comes time to sell the property. Estimates show that having a converted loft or basement can increase your home’s value by up to 20%, which makes these conversions incredibly lucrative, as well as giving you more space to use in your daily life.
Extend your living space with a conservatory
This next project also helps you make the most of your properties land and provides extra living space. Building a conservatory on your property is a great way to expand your home without planning permission, giving you more usable space inside the home, which will in turn make your property more desirable to potential buyers.
The price of building a conservatory will vary depending on what type of conservatory you want and how big you want it. Some can be rather affordable, costing only a few thousand pounds, whereas larger and premium conservatories will cost significantly more. Either way though, having a conservatory furnished with honeycomb conservatory blinds on your property will help increase the value of your home and, more than likely, the conservatory will pay for itself in the added value.
Swap out old carpets for desirable wooden flooring
Another area that is contentious for potential home buyers is flooring, while carpeting may have been in style a few years ago that is no longer the case as homeowners have experienced the downsides of carpeting, such as: it needing to be replaced every few years, how quickly the succumb to wear and tear, and the fact they need to be thoroughly cleaned on a regular basis.
All of this has led to homebuyers putting a premium on hard wood flooring, as it is more resilient, easier to clean and can go decades without needing to be replaced. Replacing all the carpeting in your home may be expensive, but it will likely pay for itself when you sell the property as wooden floors are in demand and as such allow you to demand a higher selling price.
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