How to Add Value to Your Home
Whether you are preparing your home for sale, or just want to get the most for your buck, it is always worth checking into which changes and renovations will convert to a higher sale price when the time comes before you start any projects. Of course, some jobs are bigger than others but knowing the potential return on investment can really help you to make those big decisions.
Cellar/Basement Conversion
A simple cellar or basement conversion can boost the value of your property by a staggering 30%, however, this is only the case if the build cost per square foot is less than the price per square foot of the area.
A cellar conversion (or basement conversion) is classified as a ‘change of use’ which in layman terms means that no planning permission is required. This makes a project much easier and quicker to complete. There are many wonderful cellar conversions available now and you can either aim to keep things simple and create additional storage space, or, extend the house and create additional living space.
If you have an unfinished basement in your home, you can also update that space to create the extra space you need. The trick is having it done by a professional basement finishing provo company, or a similar remodeling company in your area, to ensure an excellent job is done. It will not only add value to the home but also square footage making it larger for you and your family in the meantime.
Bathroom Update
A new bathroom will usually add between 3-5% to the current value of your property. Not only this, but a new bathroom is an added luxury for the entire family until the time comes to sell. However, bathrooms can be notoriously expensive, so it is worth shopping around to find bargains and sales to bring the investment cost down. There are little cheats that you can do to make the renovation less expensive like keeping the layout as it currently is which avoids having to move major pipes.
Floor mounted units will often be cheaper than wall mounted units as these require chasing into the wall and will require re-plastering. Summerhill Bathrooms have bathroom showrooms Wolverhampton which is a great place to start your search.
Garage Conversion
Let’s face it, not many people use their garage to park their car in anymore, so potentially you already have more living space on your property which just needs some tweaks to bring it to life. A garage conversion has the potential to increase the value of your property by 15% and can provide your family with a number of useful functions.
Many people choose to home elderly relatives in a garage conversion or create fun spaces for older children to spend time with their friends. A home office is another great use for a garage and may help to sway potential buyers in the future. If you go with a garage conversion option it is important to ensure that you prepare the space to be used for something other than a traditional garage space. The perfect example are the floors in the garage. It’s no secret that coated floors are easier to clean, so ensuring that you have the floors properly treated for the new space, is essential to creating a garage conversion that works for you. Even if you want to keep your garage to be used as is, having the floors properly sealed and coated is a great investment for the space.
Loft Conversion
As with a garage conversion, extending your living space into the loft by adding an extra bedroom up there can increase the value of your property by 15%. This is even more so if you decide to splash out on an en suite bathroom.
Depending on how complicated your loft conversion will be, you can often proceed without planning permission, although you will need permission if you live in a listed building. A loft conversion can also meet the needs of an expanding family, negating the need to sell and buy a bigger property, so it is certainly worth considering.
