Whether you are preparing your home for sale, or just want to get the most for your bucks, it is always worth checking which changes and renovations will convert to a higher sale price when the time comes before you commence with any work. Of course, some jobs are bigger than others but knowing the potential return on investment can really help you to make those big decisions.
A simple cellar 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 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.
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.
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.
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.