This post may contain affiliate links. At no cost to you, we earn a commission from qualifying purchases.
Home improvements are a great way to increase the value of your property.
However, not all home improvements are created equal. Some can even decrease the value of your property if not done correctly.
Evolution Money also suggests that updating the bathroom and improving the energy efficiency of your home can increase its value.
However, it’s important to note that not all home improvements will add value to your property. In fact, some trendy home improvements can actually devalue your home.
According to an article published on the Metro website, they include covering up original features, getting rid of the bath and installing a new kitchen, especially before selling your home.
The reasoning against installing a new kitchen before selling is that the new owners might prefer to make their own decision and could end up ripping out your newly-fitted kitchen for the one they prefer. So, if you’re in this dilemma, give your kitchen a lick of paint instead of fitting a new one.
For expert local advice on ways to improve your home to increase its value, consult a few estate agents in your area and ask what local buyers look for most when property hunting.
Improving the exterior of your property can greatly increase its value and make it more attractive to potential buyers. Here are some exterior improvements to consider:
Landscaping is an easy and relatively inexpensive way to improve the exterior of your property. A well-maintained garden with neat borders, trimmed hedges, and colourful flowers can create a great first impression. Adding features such as a patio, decking, or a water feature can also add value to your property. Here are some tips:
- Keep your lawn mowed and edged
- Plant flowers and shrubs that are easy to maintain
- Trim hedges and trees regularly
- Install outdoor lighting
The roof is one of the most important parts of a property, and a well-maintained roof can greatly improve the value of your property. Here are some roofing improvements to consider:
- Replace missing or broken tiles
- Repair leaks and damage
- Install new gutters and downspouts
- Paint or replace fascia boards
Windows and Doors
Replacing old or damaged windows and doors can greatly improve the energy efficiency of your property and make it more attractive to potential buyers. And draught-proofing and windows can make a difference too. Here are some improvements to consider:
- Install double or triple-glazed windows
- Replace old doors with new, energy-efficient models
- Add a new front door with a modern design
- Install new locks and handles
By making these exterior improvements, you can greatly increase the value of your property and make it more attractive to potential buyers.
One of the most common interior improvements that add value to a property is kitchen remodelling. According to a survey, almost half (48%) of UK homeowners invested in a new kitchen within the first two years of owning their property.
A modern, functional and well-designed kitchen can increase the value of a property by up to 6%.
To make the most of your investment, consider upgrading appliances, countertops, cabinets, and lighting fixtures.
Bathroom remodelling is another popular interior improvement that can add value to a property. According to the same survey, 39% of homeowners improved their bathrooms within the first two years of owning their property.
Upgrading fixtures, tiles, and lighting can make a significant difference in the appearance and functionality of a bathroom. Adding an extra bathroom or converting a half bath into a full bath can also increase the value of a property by up to 5%.
Flooring upgrades are a relatively inexpensive way to add value and appeal to a property. Replacing old or worn-out carpets with hardwood floors or high-quality laminate can give a room an instant facelift. According to a study, installing hardwood floors can increase a property’s value by up to 2.5%. Additionally, tiles in the kitchen and bathroom can add a touch of luxury and increase a property’s value by up to 4%.
Painting and Decorating
Painting and decorating are simple yet effective ways to add value to a property. A fresh coat of paint can make a room look brighter, cleaner and more spacious. Neutral colours are the safest bet when it comes to painting as they appeal to a wider audience. Additionally, adding decorative features like crown moulding or a feature wall can enhance the overall look and feel of a room. According to a study, painting and decorating can increase a property’s value by up to 2%.
Energy Efficiency Improvements
Energy efficiency improvements can help reduce energy bills and increase the value of the property. There are several types of energy efficiency improvements that homeowners can consider, including insulation upgrades, solar panels, and smart home technology.
Insulation upgrades can help reduce heat loss and improve energy efficiency. The most common types of insulation are loft insulation, cavity wall insulation, and solid wall insulation. Loft insulation involves laying insulation material in the loft space to prevent heat from escaping through the roof. Cavity wall insulation involves filling the gap between the inner and outer walls with insulation material. Solid wall insulation is used in properties without cavity walls and involves adding insulation material to the interior or exterior walls.
According to the Energy Saving Trust, installing loft insulation can save up to £215 per year on energy bills, while cavity wall insulation can save up to £225 per year. Solid wall insulation can save up to £455 per year on energy bills.
Solar panels can help generate electricity and reduce energy bills. Solar panels work by converting sunlight into electricity, which can be used to power appliances and lighting in the property. Solar panels can be installed on the roof or on the ground, and the cost of installation will depend on the size of the system and the type of panels used.
According to the Energy Saving Trust, a typical 4kWp solar panel system can generate around 4,000-kilowatt hours of electricity per year, which can save up to £425 per year on energy bills. The cost of installation can range from £6,000 to £8,000, depending on the size of the system and the type of panels used.
Smart Home Technology
Smart home technology can help improve energy efficiency by allowing homeowners to control heating, lighting, and appliances remotely. Smart thermostats, for example, can be programmed to turn the heating on and off at specific times, while smart plugs can be used to turn appliances off when they are not in use.
According to a report by the Energy Saving Trust, installing smart home technology can save up to £100 per year on energy bills. The cost of installation will depend on the type of technology used and the number of devices installed.