Buying a home is something that many of us are aiming to do at some stage in our lives if you haven’t already done it. It happens to be one of the biggest purchases you can make and for good reason, as they hold their value or even increase if you do the right things. Many people choose to invest in their property rather than pensions as a way of funding their retirement for the future, and one sure fire to make sure you get the most out of it is to add value yourself rather than just relying on the market. But what are the best ways to do that? I wanted to share with you some of your options.
Adding an extension
First of all, there is the option of extension. This is one of the biggest jobs and the most profitable ways of adding value to your home. If you have a decent back garden, a garage, or a lot of land at the side then you could have scope for making a great extension. You will also need to enlist the help of building professionals as an extension requires not just the building, but the heating and wiring and even plumbing depending on what you are doing. There will be the addition of extra tools and machines on site as well, such as needing a concrete pump hire or a digger to help with foundations. So it can also be a pricey job to take on. However, adding more square footage means more money in your valuation which is only a good thing.
Adding a conservatory or orangery
If you like the idea of adding more living space but don’t perhaps have the budget for a full scale extension then a conservatory or orangery is a great option. It enables you to extend a room at the back or side of your house. Perhaps off the kitchen so the conservatory becomes a dining or seating area. It doesn’t take as long, and while we still have wiring and building things to organise, it can often be a quick and easy way to add more profit to your home.
Changing some of the big ticket rooms in the house
There are rooms in a home that can add the most value when updated and changed. This tends to be the kitchen and the bathroom. They are the two rooms in a home that are used the most, and are therefore what people want when they are searching for a new home themselves. So it is an excellent way of making extra money if you are hoping to boost the valuation and add more money to your investment plans or future savings.
Finally, if you are not big on the whole DIY side of things then just adding a few modern touches could really help increase the value of the property. You could update the electrics side of things, add a fresh coat of paint or just change the floors to new carpets or wooden flooring. Again if you don’t want to do the work there are plenty of building firms who can take on these smaller jobs as well.
Let’s hope that this helps you decide on options to add value to your home.