When it comes to home improvements, there are two main factors at play- whether or not what you decide to do adds value to your home for YOU, or whether your improvements add value to your home when it comes to selling in the future.
The most valuable home improvements are those that increase your home’s worth in relation to the amount you spend on them.
So if you’re looking to upgrade your home, here are some ideas for the most valuable home improvements that you can focus on…
Replacing or upcycling your kitchen
A swish kitchen is a major selling point for potential buyers, but it doesn’t mean you necessarily have to spend a fortune completely replacing it (unless you want to of course). You can upgrade your current kitchen on a relative budget, including putting in energy-efficient, stainless steel appliances, to painting cabinets with special, hard-wearing paint and installing new worktops. Updating the flooring in your kitchen will also add value.
Change the rear doors
If you’ve got some very old french or sliding doors to the rear of your property, swapping these for more modern sliders, or bifold doors, is an instant way of updating your home and making it look more appealing.
Installing a new heating system
One of the biggest costs that can catch a homeowner off guard is a broken boiler – plus it’s a huge inconvenience too. Boiler issues may have been something missed by prospective buyers in the past, but today it’s common for them to question the state of the boiler and heating system when viewing a home. So expect buyers to negotiate on price if your system is old.
Installing a new central heating system can appeal to prospective buyers because this means they won’t have to replace it for quite some time.
Adding a Home Office
With the number of people now working from home for the foreseeable increasing due to Covid, one of the things that many of our prospective buyers here at Bromley Property Company have been looking for is a separate space within a home to work from. This could be a garage conversion, ‘shed’ at the bottom of the garden, or a converted bedroom. Having one of these will likely increase value on your property, especially in the current climate.
‘Tidying up’ your property
Whether it’s a lick of neutral paint and a declutter indoors, or clearing and tidying the front garden and adding some plants, don’t underestimate the impact and value of doing these basic things. First impressions count, and adding some kerb appeal or making the inside of your property appear bigger, and can add up to 20% to the value of your home.