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Adding value to your home by improving

Updated on June 11, 2010

Adding value to your home

Our home is probably the most expensive thing we’ll buy in our life time. We’re all keen to make the most of this asset, so want to do our best to increase the value. But what should you do to keep the value, or even better, to increase the value.

Improve the value of your home with some new windows

New windows are just way you can improve the value of your home
New windows are just way you can improve the value of your home

Improving your home - what to invest in

Some of the best ways to increase your home’s value is to improve some of the basics. Assuming your home is already “sound” (ie. it’s not about to fall down), the best things to improve have always been kitchen and bathroom. When looking round a property to buy, many people can decide that they don’t want a house purely because the kitchen or bathroom doesn’t meet their standards.

Make sure your improvements are fairly neutral; you may love everything to be a bright pink, but you’ve got to remember many more people will not. Make sure you don’t leave anybody out by using too much of your own style.

What not to invest in

Some high value items will not increase your home’s value – in fact some will actually decrease it. Items such as swimming pools cost a small fortune to install, but the chances are you won’t get your money back when trying to re-sell your property.

If you are keen to have a swimming pool in your property, and can afford it, sure, go ahead and get one. Just don’t expect to get your money back on the price of your house.

A final word

Remember, your house should be for you, not just an investment. If you plan on staying in your current house for a few years, why not install a bright pink swimming pool. As long as you enjoy it, that’s the main thing. There is a big difference between improving your home to live in, and improving to sell.

Should you wish to improve your home, and need a loan, have a look at the home improvement loans available

What have you done to add value to your home?

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    • Router Maniac profile image

      Ken Schulte 7 years ago

      Great idea, especially with the economy in the tank, more people are doing their own work instead of hiring it out.