Tips to add value to your Property

Discover how to add value to your home? We are here to help from knocking down a wall for an open plan living area to a landscape garden.

How do I add value to my property? Is it worth adding a conservatory? There are so many questions about property whether you are renting or a home owner – to get the place to what you want can mean spending alot of money – so how can you add value by not spending a tonne of cach on eash project?

Read on to discover more.

HOME RENOVATIONS can increase the value of a home, but which areas of the home should Britons prioritise?

Experts have identified five external features that could increase the value of your home.

With residential property transactions up 7.6 percent in December, standing out from the crowd is more important than ever.

House extensions, garden landscaping, and a driveway makeover can all increase the value of a home.
Extending a home is one of the most popular forms of renovation, especially in a post-pandemic Britain.
“Once you’ve got the green light on planning permission the options are endless, whether it will be transformed into home office space, or a spare bedroom to welcome guests.”

When it comes to cost, a single story extension could cost around £1,000 to £1,600 per square metre while a two story extension could cost around £1,200 to £1,900 per square metre.

an extension can “add some serious value” to a property price, with a double bedroom adding on average around 12 percent in value.

A conservatory is also another popular option when it comes to adding more space.

The average conservatory can add around seven percent onto the value of a property, despite costs being up to £20,000 to build one.

For those wanting a quick change, sprucing up the front door and windows is a great option.
“Style and substance are most valuable when they go hand in hand…a more budget-friendly feature, overall cost depends on the size and style of the frames, materials used, and whether or not planning permission is needed”.

“When it comes to casement windows, they can be from £500 to buy and fit, whereas bay windows can cost from £5,000 per window.

“Updating your door can open opportunities for added character and increased aesthetic payoff.

“Although the estimated value increase varies depending on the quality and aesthetic payoff, updating doors and windows can further increase buyer interest for your property, which means higher asking prices.”

For those selling their property, the front exterior will be the first thing any potential buyer will see, which means having a driveway makeover may increase interest.

According to the experts, having a nice driveway can add “some serious kerb appeal” to any property.

Adding a driveway can add around five to 10 percent in value, which could even be rented out to the public if it isn’t being used. If your driveway has a bump going in though, make sure you get a curb ramp from smoothcurb.com to ensure your vehicles like a Mercedes GLC Coupe get in safely.

Having outdoor space has become increasingly desirable in the last two years, with many moving home to get a larger garden.

Simply by giving the garden a makeover is the “most underrated way” of adding value to a home.
“If you do the work yourself, a front garden transformation could cost a couple of hundred pounds.

“However, if you need a little help from green fingered experts, costs can include around £3,000 for hiring a landscaping company and around £250 to £750 for a day’s consultancy with a garden designer.

“Transforming your garden can be the most fruitful way of adding value to your home, with a well-kept garden raising prices by around 20 percent.”

“When it comes to property, the exterior of the home can shape a buyer’s first impression and their experience of viewing the home.

“By looking from the outside in, homeowners can have their property stand out from the competition and become more attractive to prospective buyers.

“No matter your budget, adding external features can not only increase buyer interest but can generate a big return on investment upon sale.”

Understanding 1031 Exchange can also be very beneficial for you rather than simply selling one property and buying another.

In conclusion, enhancing the value of your property doesn’t always have to come with a hefty price tag. By strategically focusing on external features, homeowners can significantly increase their property’s value without breaking the bank. From cost-effective options like sprucing up the front door and windows to more substantial investments like house extensions or garden makeovers, there are various approaches to elevate your property’s appeal.

Key external features such as driveways, gardens, and conservatories can substantially enhance curb appeal and overall value. These improvements not only make your property more attractive to potential buyers but also offer a considerable return on investment. Additionally, understanding strategies like the 1031 Exchange can provide further opportunities for maximizing returns without the traditional selling and buying process.

In essence, whether you’re looking to sell your property or simply increase its value for personal satisfaction, investing in external renovations is a smart move. By prioritizing the right areas and being mindful of your budget, you can make significant improvements that will leave a lasting impression on potential buyers and ultimately increase the value of your property.

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