How to Add Value to Your Property: A Guide
This is a collaborative post
Whether you are planning on selling your property or not, looking for ways to add value is a smart investment. You never know when you may wish to move, and by ensuring that your property is continuing to unlock its full potential, you are safeguarding your investment and able to sell and move to a new property whenever you wish to, without much thought. Yet, you will want to figure out the best way to add value to your property and whether you need special planning permission. A loft or basement conversion, for example, may need planning permission.
Are you looking for ways to add value to your property? If so, this guide has got you covered. Read on for tips on how to maximise your properties profit.
Extend Your Home
Extending your property and increasing the size and space of your house is often a failsafe way to increase the value of your property. People are typically looking for a larger property that they can grow into and start a family in, and a well-planned, well-designed extension can turn the humblest of abodes into a dream property people are willing to bid over.
Extending your home can be a very expensive option but there are ways to help fund big projects; equity release is one such option.
If you have questions about equity release, consider speaking with an advisor at Equity Release Supermarket to help you compare equity release rates and product features if you’re looking at all the equity release schemes on the market.
The service provided by Equity Release Supermarket provides you with unbiased advice as well as access to an online comparison tool, allowing you to evaluate deals available across the entire market.
If you are unsure of how to extend your home, the payoffs of doing so, and what you could do with the added space, be sure to speak with contractors and architects who can help you unlock your property’s potential. Remember that you may need to apply for planning permission!
Add a Veranda
Do not neglect the outside of your home. Your garden holds a wealth of potential, and therefore, you should consider investing in a veranda that suits your home and is a useful but attractive feature. Nationwide has a selection of verandas, including traditional verandas that offer a period aesthetic to your home. Their glass verandas can offer cover from the outside elements while also allowing the sun to shine through. Patio covers like glass verandas are a great investment opportunity as they offer a comfortable outside area for you to entertain.
Update Your Bathroom
Updating your bathroom so that it is modern and more contemporary can add value to your home. Bathrooms should be optimised and offer comfort while people use them, and a cramped, uncomfortable bathroom can cause frustrations. You can update your bathroom with a few simple fixes such as a fresh lick of paint, updating any tiling, and modernising the bathroom facilities. For instance, if you have a bath but you rarely use it, swap it out and incorporate a walk-in shower instead.
You should also consider adding another bathroom if you only have one main family bathroom already. Adding a bathroom, be it a downstairs toilet or an en suite can add a lot of value to your home. This can be an expensive venture, but the payoff can be immense.
Your home will have unlocked potential. All you have to do is find the best ways to unleash it so that you can reap the benefits. Your best bet is to ask a professional to evaluate your property so that you have a starting point you can build on.