ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel
  • »
  • Personal Finance»
  • Income & Making Money

How To Add More Value To Your Home And Boost Its Selling Potential

Updated on January 30, 2013
Source
Source
Source
Source
Source

Whether you are thinking about a new kitchen, an en suite or a complete re-decoration, If you choose the right project, you can add value to your home. This can be a good future investment and will boost your properties selling potential, should you wish to sell your home in the future.

Add 10-15% with a loft conversion~

If you live in a town or city where spae is limited, a loft conversion is a good way to make the most of what you have. As long as the conversion gives good standing room upstairs, it can be added to the property's room. This woud be useful as a home office or bedroom and should lead to more interest in the house.

Add 5-7% with a new kitchen~

A kitchen is very important for the saleability, but it rarely adds more value than it costs. Yet if a kitchen is in a really poor state, buyers tend to expect a discount to apply across the whole house.

Add up to 5% with a new bathroom~

The prospect of upgrading a bathroom may put off some buyers. We all know the negative impact that an avocado or aubergine coloured suite has. A new, neutral coloured bathroom that requires no work can be a valuable asset, depending on the property's location.

Add up to 4% with an en-suite bathroom~

A en-suite can add more value in a bigger property, where a good bathroom count is important. Recent trends have seen many home owners opt to add an en-suite to the master bedroom; a walk in wardrobe or deep cupboard space is the perfect starting point to creating an en-suite.

Add between 3 and 10% with a conservatory~

A conservatory adds valuable space and light, particularly desirable in built-up areas. It is a relatively simple and cost-effective way of increasing space within a property. Make sure you choose a design that complements the style of your home and it doesn't take over the garden. Positioning is also important. For example, a south-facing conservatory needs ventilation and shade, while good heating is required in a north-facing room.

Add 5% with a complete cosmetic redecoration~

In a good market, an extreme cosmetic makeover could add up to 20% onto a sale price. Buyers like to have an up-to-date kitchen and dated paint colours will be harder to sell

Add between 5 and 15% with a garden room~

A garden room is a real draw in the country with its picturesque views. It's also possible to add value to your home by adding an outdoor studio space separate from the house, which costs less than an extension and provides a retreat away for domestic life. Owners of urban property should consider whether a new building will leave enough garden space.

Add between 15-20% with an extension~

Extra space may be a large outlay, but it will add significant value in the long run. Although an extention that eats significantly into a tiny garden will not achieve optimal value.

Add up to 2% with an outdoor swimming pool~

The idea of a swimming pool may sound like a dream, yet in reality they add little to homes as their running costs an be expensive.


Comments

    0 of 8192 characters used
    Post Comment

    • Stacie L profile image

      Stacie L 4 years ago

      I would agree with these tips in a metropolitan or suburban area but since moving "out in the country", I find that the rules don't apply.

      The housing market is still down for rural folks so I am hoping it picks up as I see homes here doing some of these upgrades.

    • Ninasvoice profile image
      Author

      Ninasvoice 4 years ago from England

      Thanks Gypsy Williow. It's fun to do as well isn't it!

    • Gypsy Willow profile image

      Gypsy Willow 4 years ago from Lake Tahoe Nevada USA , Wales UK and Taupo New Zealand

      Great hub with excellent information. I love remodeling my home and over the years it has definitely paid off.

    • Ninasvoice profile image
      Author

      Ninasvoice 5 years ago from England

      Thankyou teachers, glad you enjoyed the read! Hope you are having a great day :-)

    • teaches12345 profile image

      Dianna Mendez 5 years ago

      This is good advice for home owners who are looking to sell. I look for these adds when buying a home. They are nice additions to any home amd add to the value. Currently, we are remodeling our home's master bath; good to know the value added. Voted up.

    • Ninasvoice profile image
      Author

      Ninasvoice 5 years ago from England

      Thanks Angela! Yeah it's great to just have a refresh once in a while isn't it? Even if you are not planning on selling. Just the small things like a fresh coat of paint can transform your home so you feel like you've move into a new one. Wishing you a very Merry Christmas and Happy New Year 2013 also. :-)

    • Angela Blair profile image

      Angela Blair 5 years ago from Central Texas

      Excellent Hub -- and great, on-point suggestions. I have no plans to sell but would like to do many of the things you suggest just for my own benefit! Merry Christmas! Best/Sis

    • Ninasvoice profile image
      Author

      Ninasvoice 5 years ago from England

      Thankyou bdegiulio! Hope you are havng a great day over in Massachusetts :-)

    • bdegiulio profile image

      Bill De Giulio 5 years ago from Massachusetts

      Hi Nina. Very interesting info for anyone considering selling their home. Great job.