Not even the country’s top-notch economists can be certain of what your home will be worth in the next five to ten years. What we do know however is that some changes made to your home will improve its relative value more than others.
Try these top 10 for size
Increasing your living space with a loft conversion is an easy way to add another bedroom, bathroom, or both. You’ll need to reinforce the floor joists which will raise the floor level so make sure you factor this into your standing room.
Adding a conservatory
No longer a glass ‘bolt-on’ to the house that you shut the door on in the winter. A good modern conservatory will add natural, usable and valuable square footage to your home. Basement conversion could also be an option depending on your house and the area. However, they are very expensive and alter the structural load of the building so will need careful thought and planning.
Create living space from garage
90% of garages in Britain don’t even house a car. If yours is among them, it might pay to turn it into living space instead.
Fitting a new kitchen
If your budget stretches to just one refit in the home, the kitchen is probably the best bet. Keep it neutral and practical in design. Make sure that the cost of the work is relative to the current value of your property.
Neither a £50K kitchen in a £200K home, or an £8k kitchen in a £1m property makes financial sense.
Putting in new windows can make a house instantly smarter, warmer and quieter. But it goes without saying that the replacements should be in keeping with the age and style of the property. You will also need to find out if you need planning permission for any improvements prior to making changes. You can check on the Government website.
Update the bathroom
After the kitchen, focus on the bathroom or bathrooms. However, it’s not worth stretching your budget uncomfortable here as you can make a big difference by just updating details such as the taps, shower screen, cupboards and towel rails.
Make the most of the garden
Installing bi-folding doors along a back wall not only makes for a brighter living room or kitchen, but it can really bring the garden into the house. You should have outdoor lights to ensure this at night and in winter. Be aware of the ceiling price. Always keep your home improvements within the parameters of property values in your street. For example, if average values are £250k, you’re unlikely to achieve £400k in account of even a top-notch extension or sold gold taps in the bathroom.
Create a driveway
If you live in a city or busy location where parking comes at a premium, swapping your front lawn for a driveway can be a savvy and practical move.
Spruce up the garden
This might mean anything from painting the house to replacing the front door, to cleaning windows and unblocking drains, to pulling up weeds from cracks in the driveway and sand blasting it clean. It makes a big difference.
A clever and cost-effective trick to give the illusion of space and light in your entrance hall is to hang mirrors on either side. But make sure it’s cleared of prams, shoes and bikes first as that’s the last thing you want to see double of.
Andrew MacKenzie is a qualified Chartered Surveyor with over 20 years’ experience within the Scottish Property market. He specialises in all types of residential valuations including Home Reports, Private Valuation reports and Development Appraisals.
Excellent service, from start to finish. I would highly recommend using the Home Report Company if you're selling a property - admin team are quick to respond to emails (even at the weekend), easy to book an appointment, and altogether offer a seamless service.The surveyor Andrew was exceptionally knowledgeable, thorough, and friendly. Also incredibly fast at finalising the home report.Gold service, very reasonably priced, and would absolutely use again.
22:50 01 Dec 21
The service from start to finish has been excellent, knowledgeable and very fast to ensure we got our property on the market quickly.
BOB SCORED A TAP I.
20:59 27 Nov 21
Sellers really need to seriously consider using this Company for their HR. Brilliant service from the admin team to the surveyor. Couldn't do enough for me and made you feel part of the process.Absolute bargain compared to going through estate agent then local surveyor.Gold star service.Alan Collins
08:58 05 Nov 21
This is my third transaction , I am still impressed with the service, efficiently, professionalism of this Company, highly recommended
19:22 01 Nov 21
Excellent Company for home report in the Scotland. Really very fast and professional. Thanks
18:24 01 Nov 21
Efficient, reliable and timely communication and production of home report for our flat sale.
17:25 08 Oct 21
06:56 02 Oct 21
17:33 24 Sep 21
Andrew is extremely thorough and knowledgeableWe had two properties and negotiated a good priceAny errors were corrected quickly and without question
19:57 05 Sep 21
GREAT COMPANY ,VERY PROFESSIONAL, EXTREMELY EFFICIENT, RELIABLE ,SECOND DEALINGS, AND NOT DISAPPOINTED , HIGHLY RECOMMENDED