Whether you are planning to sell your home or not, increasing its value can only ever seem like a good idea, especially as for most of us our home is our most expensive asset. There is a certain amount that you can do with soft furnishings to make your home seem more attractive to potential buyers and thus potentially get a slightly better sale price, but when it comes to adding serious monetary value to your home you will need to look to bricks and mortar. So what should you be talking to your favourite local builder (Bolton builder’s called Wisecraft perhaps?!) about when looking to add value to your home?
This is one of the easiest and least disruptive ways of adding serious square footage (and thus value) to your home. According to a survey of 110 estate agents, carried out by mortgage lender GE Money, adding a loft conversion will increase the value of your home by on average 12.5%. In some cases this means spend £20,000 on a loft conversion and increase your home’s value by £40,000 – a no brainer really.
Increasing the actual amount of living space in your home is guaranteed to increase its value (unless you employ a terrible cowboy builder who does such a bad job that the only option is to knock it down and start again – avoid this by employing the lovely people at Wisecraft!). When planning your extension it is important to get the design right and make it really feel like part of the house, rather than an unloved bolt on. Simple tricks such as knocked through doorways and using the same flooring throughout will help your extension merge seamlessly into the rest of your home. On average an extension will increase the value of your home by 11%.
If you can afford to do only one room, then make it the kitchen. A fantastic new kitchen will add up to 5% to the value of your house, as these are now seen as the true heart of the home, not only do we cook in them but we also watch TV, entertain and just generally live in our modern spacious kitchen areas. Ensure that the work-surface is gorgeous and the design of the kitchen allows easy access between the cooker, sink and fridge and also try and include lots of seating areas.
For more information about how we could increase the value of your home, contact Wisecraft Ltd today.