If you’ve been planning to do some DIY around the house this year or go for a full-on renovation or extension project, you’d be wise to choose projects that will improve the value of your home. Once the time comes to sell and move on to a new house, you may find yourself making an impressive profit if you’ve made the right alterations and improvements to your existing property. You could be surprised by how simple some of these upgrades are. Give them a try this year if you want to give your financial future a boost.
- Make eco-friendly upgrades. People are becoming increasingly conscientious when considering the impact their lifestyle has on the earth; so working some eco-conscious upgrades into your home could do you a huge favour when you decide to put your property on the market. These don’t have to be major upgrades either. If you’re planning to do bathroom renovations this year, consider installing eco-friendly water-saving devices like low-flow showerheads and taps. If you really want to boost your property into a green masterpiece, installing solar panels on the roof could transform the way your home is powered and drastically increase its value.
- Revamp your kitchen. Homeowners tend to spend more time in the kitchen than they do in the rest of their home, as it’s the spot where families are most likely to socialise, eat, and chat about their day. It’s also a room that gets a ton of attention from potential buyers. If your whole house looks spotless but the kitchen is outdated and unattractive, you won’t get the price you want. Remodelling your kitchen is a great way to improve your home’s value – but make sure it’s in keeping with the overall look and quality of the property.
- Add a second bathroom. Properties with more than one bathroom are almost always more valuable than those with just the one. If you have the space for an extension, adding a second bathroom or building a bathroom into your master bedroom can be a wise investment. You may find that you have the space you need without realising it – a spare cupboard or pantry can often easily be transformed into a second bathroom.
- Turn an extra space into something more valuable. If you have an attic or basement that’s currently being used as a storage space and simply gathering dust, you’re missing out on a major opportunity. Renovate the space and transform it into a room that’s useful to a potential buyer. It could be a new guest bedroom, a lounge area or TV room, or even a small flat to share with an ageing relative. Make sure that every space in your home has potential value and appeal to a future buyer.
- Make sure your insulation is at its best. Poor home insulation can cost you a fortune in excess energy bills, as well as making you less comfortable when the weather is either too hot or too cold. Have a specialist come in to check the insulation of your property and point out areas that could use a little extra support. Some spots to take a close look at are your attic, around particular lighting fixtures, the basement, and around all of your windows and doors.