It’s easy to pick up small things for your home – those tiny mementoes or knick-knacks that give the place a little bit of soul. But what about those major purchases?
That’s where things get tricky. Before any big buy, you’ll have to get your calculator out, steel your bank account and be prepared to make tea for a lot of builders.
But these larger design overhauls can send the value of your property into the stratosphere. When it’s time to ship up and sell out, your additions could put pound signs in your eyes.
So, what grand purchases can you make to boost the value of your property?
The eyes to the soul
Are you still shivering next to your single-glazed windows? Then it’s time to modernise.
Windows, provided you contact the right company, are an ace way to boost the value of your property – and some prime double glazing will keep you toasty during the winter.
If you live in a listed building, however, you might meet some opposition. Speak to your local council and see if there isn’t some arrangement you can come to if you want your windows of a high-quality.
Provided the council aren’t an issue, the benefits you’ll reap from double glazing are great. Your house will be warmer, your property’s value will skyrocket and you won’t suffer the headache of street noise outside.
Extensions are the motherlode of major projects in your home.
Whether it’s a new conservatory, an extra room or even an entire new section to your house, an effective extension can add thousands to its overall value.
Again, there might be some trouble with the council depending on the size of the project. Make sure to clear any building regulations before you fall afoul of local restrictions. More than this, be sure to notify your neighbours about your construction work. No one wants to become a neighbour from hell in their quest for a better home.
And don’t stop at a spare empty room. Find a use for it and make its style consistent with the rest of your home. You’ll have a great new place to enjoy and add a few grand to your property.
So many people think that endless additions to their property will eventually make it mansion-pricey – but it’s a little more complicated than that.
While additions to your property can make it more valuable, evaluators also take the mean value of other homes in the area into account.
This means, no matter how much you spruce your property up, you’ll eventually hit a glass ceiling in pricing terms.
If you plan to make a big investment in your home, make sure it’s what you want – not what the market tells you.