Given that our homes are probably our biggest investments in life, it’s important to ensure, should we come to sell our properties, or require a new valuation, that they have not only held their value, but increased in value. When we bought our home three years ago we were very fortunate to buy at a time when house prices were relatively low, which enabled us to afford a bigger home than we would have ordinarily been able to afford. Even better, when the time came to enter into a new mortgage deal last year, our home had substantially increased in value meaning that we could get a better interest rate on the new deal.
Balustrade Components have recently produced a survey “How do you think you can increase the value of your household?” which I found really interesting. We are always looking for ways to increase the value of our home further, and last year embarked on a renovation to convert our garage into a large playroom for the children. This year we have plans to replace both bathrooms and the garden, in the hope that they too will add to the value of our home.
I asked a group of bloggers how they have added to the value of their homes.
We converted our under the stairs to a sliding storage unit. It has utilised the space brilliantly and looks like something straight off Pinterest! So many people instantly fall in love and whilst it’s brilliant storage for us, it is a massively unique selling point that women seem to go crazy for! ~ Twinderelmo
Extensions where possible – side or loft. We did our loft a couple of years ago. It was a pain but totally worth it as we gained a double room, a bathroom and extra storage space. But I’ve recently learnt that if you’re selling your house you can invest in a mini-makeover (declutter, organise and display) to make the house look bigger – that immediately increases it’s value or the chance to get the price you want. ~ Mind Your Mamma.
My in laws just converted their loft into a 5th bedroom and it looks amazing. Ensuite included and it’s added lots to their sale valuation! For us personally we spent around £12k sorting our garden out last year. It may sound insane but there’s no way we would’ve sold it as it was and it’s added a substantial amount to our house value. ~ Real Mum Reviews
We have replaced our front, back and patio doors in the last few years. It’s worth spending the money to not only have better security but it also improved the energy efficiency of your home. ~ Random thoughts of a twenty something.
We have updated our kitchen. When trying to sell our house, everyone that looked around didn’t like the 80s style kitchen. It was the original kitchen and was looking dated, to be fair. ~ Dillydrops.
It seems that one of the best ways to increase the value of your home is to invest wisely with home improvements, renovations and extensions. I’m hoping that once all of our renovations are complete we will see a huge increase in our house value!