Here’s a post for any fabulous homeowners out there. We’ve probably all watched Kirsty and Phil on Location, Location, Location and no doubt seen at least one of the many property shows on TV. Here’s a little look at just some of the things property experts like Kirsty and Phil often recommend to add value to your property. If you’re a homeowner then adding value to your property might be something you’ve dreamt of doing. Of course there are lots of ways to add value to your property, here are three things you may consider when renovating your home…
If you were lucky enough to buy your house for a lot less than market value, then adding value should be pretty easy. You may have purchased your home at a time when house prices were naturally low, that’s great. Another reason for a convenient rise in value maybe down to lots of developments in the local area, such as the creation of better transport links, or new retail and business offerings. However in most cases, raising the value of your home is likely to come from something that we do.
A tiny extension can make a big difference, Image via AD
Build An Extension
You can add a significant increase in the footage by building an extension. Extensions to a property come at the cost of garden space, so if you have plenty of outdoor space to spare, this could be a good option. Think about remodelling the rest of your home around your extension. You may want to utilise this space as a kitchen, meaning that any existing kitchen space could be used for something else. You will need to seek planning permission before carrying out this kind of work, as neighbours may have objections if your extension impacts their property.
Interior design firm Fogarty Finger, NYC Factory Basement
If you have a basement under your property that is not in use, why not convert this to create some extra living space? Increasing the square footage of your property will add dramatically to its value. If you don’t have a basement, it may be possible to excavate under your property and create one. Hire a residential architect to help design the project, and deal with the relevant planning permission. Having an external entrance into the basement, and extending out under your garden are also great ways of adding space and value.
Interior designer Jessica Helgerson 1920’s home, Portland Oregon. Photo: Jeremy Bittermann
Adding an extra bedroom in the loft may be a great way of getting additional value into your property. Think about adding a staircase for easy access to your new upper storey. Again, having a loft conversion will provide you with extra living space. Rules vary around planning permission with loft conversions, so it is always best to check with your local authority before getting any work started.
A little food for thought!