The 5 Biggest Value-Adding Home Improvements

For all the talk of the housing crisis, one thing never seems to change: Brits are a nation of home improvers. Indeed, particularly in London, the growing trend is to ‘improve, not move’, and it’s wonderful that we’re all inclined to optimise what we have, rather than constantly looking for new pastures.

The important thing, of course, is to get it right—and to get it right the first time. After all, home improvements can be expensive and inconvenient, so you want to be sure you have a robust and well-researched plan and, more importantly, that you make the home improvements that really will work best for you.

The 5 Biggest Value-Adding Home Improvements

So, if you’re considering undertaking some significant renovations, then here are five of the most fruitful to get you on the right track to increasing the value of your home, and making it into the palace that you imagined:

1. It starts with the kitchen

Certainly, if adding value is your main objective, modernising and optimising your kitchen is a great place to start. Bear in mind, this tends to be one of the more expensive options when it comes to renovating (depending on what you are doing, of course), and research by Which? suggests the average cost can be in the region of £8,000. But, as the hub of your home, and one of the first areas which will catch the eye of a potential seller one day, it is no surprise that a study by MoveWithUs found that a renovated kitchen adds 6 per cent in value to properties on average.

2. Loft conversions

In a recent survey by the National Association of Estate Agents, around 50 per cent of respondents stated that they believed an extra bedroom to be the biggest value adder to their home. A loft conversion is one means of doing so, and it is increasingly gaining popularity. Although there are certain rules and regulations which need to be adhered to for this, and it can be a project costing tens of thousands of pounds, research suggests it can add up to 20 per cent to the value of your home, thus making it an enticing option – if viable.

3. The joys of a conservatory

Conservatories tend to be quite an easy win. It will usually cost in the region of £5,000+, but it’s important to be done properly and with good quality materials, particularly the glass. However, given that these tend to add around 5 percent in value to the average home (£15,000), and the process is usually not too intrusive to the core of your home, it could be worth considering.

4. A smart-looking bathroom

Bathroom renovations are perhaps less value-adding (and profitable) than other home improvements. But re-tiling the floor, replacing showerheads and taps, and other bits of maintenance and refurbishment don’t cost much. And if you’ve got a snazzy, clean-looking bathroom, it will not only be a sweetener when it comes to selling up, but also make your day-to-day living all the more pleasant.

5. Other quick, easy winners

If it’s coming up when you’re looking to put your place on the market, it’s important to get the little things right. Is your exterior clean? Does it need a lick of paint? What about the garden – has it been left to get messy? Can you manicure it a bit? Is there some redecorating that can be done? None of the above will put too much of a dent in the bank balance – it’s more a case of investing time and effort. But given how these are the kinds of things which will be the first to catch the seller’s eye, it’s an investment of time and money well worth making.

The last thing to consider is financing the cost of home improvements. Prize number one would be to do it from savings. But depending on what renovations you decide to go for, you could be running up a bill well into the thousands of pounds.

Turning to credit is not a problem, especially given that any debt will go towards an investment. The key, though, is to choose your source of finance wisely. Too many people hurriedly lump such costs on their credit cards and end up forking out plenty in interest. A better alternative is to secure such costs against your mortgage, and you should be able to negotiate a good repayment rate if you do it this way.

Yet an even more convenient option could be to get a personal loan, usually done online, with funds received within a day or two. Just be sure to do your homework and shop around for the best deals. But, either way, when you consider the potential returns such debt can help to generate, it’s something you can feel more than justified in taking on.

Are you thinking of improving your home? What do you think of these 5 value-adding home improvements? Have you been through this before? 

*Disclosure: Collaborative Post.

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Love you all ❤️

Franca  💋