All homeowners want to maintain the value of their property, but what about increasing it? Here, we look at four ways you can add value to your home and generate a return on your investment:
1. Convert the Garage
A garage conversion can be a great way to add value to your home because you’re increasing the amount of usable space available. Few people use a garage to house a vehicle these days, which is why garage conversions are becoming increasingly popular. Whether you use garage conversions West Yorkshire to create an exterior office, a playroom or extra sleeping space, adding square footage to your property is one of the best ways to boost its value.
Remember – garage conversions require a variety of work, so it’s advisable to rely on professionals for this type of modification. By working with a reliable West Yorkshire garages conversion company like https://wygarageconversions.co.uk, you can convert your garage and enjoy spectacular results in record time.
2. Apply for Planning Permission
Even if you don’t plan on extending your property, having planning permission to do so can increase the value of your home, particularly if you plan to put it on the market soon. Future buyers will be interested in the potential to expand the property with a side, back, or wraparound extension and the price you can get for your property should increase accordingly.
However, planning permission doesn’t last forever, so don’t apply too soon unless you want to capitalise on the added value before the planning permission runs out. By applying at the right time, you can increase the value of your property to realise maximum returns.
3. Increase Kerb Appeal
Not all value-boosting projects require a significant amount of work and increasing the kerb appeal of your home can be an easy yet effective way to enhance the value of your property. Take a look at your property from various exterior vantage points and assess it as objectively as you can. If it’s looking rundown or in need of a spruce up, you can expect this to have an impact on your property’s value.
Fortunately, enhancing your home’s kerb appeal is relatively easy to do. Redesigning the garden, painting fences, repairing broken masonry, upgrading the front door, and adding exterior lights will transform your home and instantly increase its kerb appeal.
4. Make Eco-Friendly Changes
People are becoming increasingly concerned about the environment and the carbon footprint of a property can certainly have an impact on its value. By making your home eco-friendlier, you can also reduce upkeep costs and pay less on your energy bills, so it may not take long to recoup your investment at all. From solar panels on your roof to heat pumps to keep you warm, there are a variety of ways to decrease your home’s carbon footprint and boost its value.
Push the Price of Your Property Up
There are many options when it comes to increasing the value a property but finding the right projects for your home is critical to success. Whether you want to enhance your living space or get your property ready to sell, making modifications that will increase the property’s value will always stand you in good stead.