Even when we have no intention to put our home up for sale, it’s always a good idea to have one on the value of the home. There’s nothing worse than forking a lot of cash on the house itself, spending much more getting it just as we want it, and then being told that the value isn’t as high as we might have expected. Luckily, there are always ways to improve your home and add value at the same time. Just check out our five tips below.
You could take a read of dozens of ways to add value to your home, but realistically, they won’t be that effective if they’re suitable for your home. When it comes to anything to do with your house, you have to be realistic. Adding a swimming pool might add value (we say “might”: the jury is undecided), but it’ll be pointless if you live in an area that doesn’t receive much sunlight. Think sensibly about the additions and stay away if they don’t fit the theme of your home.
Spending Money To Make Money
Like everything else in life, you have to spend money to make money. If you’re serious about making the kind of home improvements that add significant value to your home, then you need to accept that you’ll have to part with some cash. If you don’t have the money in your bank now, look at personal loans for homeowners. It’s much better to spend a bit more money and do a job properly rather than cut corners and be unhappy with the work!
Take Care of the Essentials
If you’re not planning on redoing the whole house, then focus on the key areas, the ones that have the most impact on the value of a home. Most people will tell you that it’s about the big four: the main bedroom, living room, kitchen, and bathroom. That’s quite a lot of rooms. If you have to focus on just two areas, make it the kitchen and bathroom, which is the biggest draw and easiest to fix.
When it comes to adding value, you need to be aware that the biggest value additions will come from adding new spaces to your home. For example, if you have a garage then making that another room would be effective, as would converting your loft into a new bedroom. These are naturally bigger jobs, but they do come with a high return on the investment, too. However, don’t make too many changes, because not all are effective. If you have a spare room, leave it empty, for example.
Play to the Audience
You’ll know the kind of people who will want to live in your area, so why not play up to their wants? If you live in a professional area, then a home office might make all the difference. If it’s a family area, then a spacious, well-groomed garden might do the trick. There’s nothing wrong with some targeted marketing!