If you’ve saved up money to invest in your home, you might be wondering: where’s the best place to spend your money to get the best return in terms of the value of your home?
There are a number of areas that can significantly increase the value of your home. Where you spend your money will depend on what how updated your home is in various areas, and, of course, your budget.
The Kitchen
If there is one room that should be shipshape and looking sharp in order for the best value, then it’s the kitchen. For many, it is the heart of the home. It’s where we cook, where we eat, where we do homework, watch television or have parties. So, the better it looks, and the more “mod cons” – modern conversions – it has, the better.
There are a number of points to consider when it comes to the design of your kitchen including the kitchen triangle; if you haven’t heard of the triangle, it’s where the sink, the fridge and the stove are all within easy reach of each other. Install up-to-date equipment, but make sure that the kitchen matches the price bracket of the house. A new kitchen could add up to 4-5% on to the value of your home.
The Attic Conversion
The more bedrooms a house has, the more valuable it is (the maximum number of bedrooms you want, by the way, is five – any more, and the value will plateau). So, if you have the room and the budget, consider turning your attic into an extra bedroom and bathroom. It is one of the easiest ways to do add value, as it causes little disruption.
The main point to remember with attic conversions is that it should look like it fits with the rest of the house, and it doesn’t look squeezed in or tacked on. It can add up to 12% on to the selling price.
The Sunroom
More living space will always be useful, but, like the attic conversion, it needs to look like it is a part of the house, and not added on later. Make sure the aesthetics of the sunroom match that of the house, and the floor level and flooring is the same as the house. This will make it feel like part of the main floor. A sunroom can add about 7% on to the value of the property.
