Home improvement projects are a sure-fire way to increase the value of your home, sometimes if you’re looking to sell your home you can get a better return on investment by doing some home improvement projects and in the long run, lots of these projects will pay for themselves.
So, what home improvement projects can you do to bolster the value of your home? What projects will give you the best return on your investment? Well, if you want some answers to those questions, read on!
1. Convert Your Loft
Let’s start off with a simple one, converting your loft into extra living space or an additional bathroom is a very effective way to increase the value of your home and set it apart from other homes in the area. It’s simple enough, by converting your loft, you swap out underused storage space for an additional room, which will make your property more desirable.
A typical loft conversion can cost around £30,000, but on average a loft conversion will increase the value of your home by 15%. So, as long as your home is currently valued above £200,000, the increased sale value will net you a nice profit!
2. Add In Patio Doors
Patio doors are another desirable feature to have in your home, as they perfectly bridge the gap between inside and outside, as well as letting in more natural light into your home. All of this makes patio doors an excellent feature that will help sell your home, especially if they’re also furnished with no screw patio door blinds.
A nice set of patio doors, like a bi-fold door, will set you back about £2,000, but at the same time, they can increase your home’s value by up to 10%! So installing patio doors onto almost any property will net you a profit when you eventually sell.
3. Invest In Solar Panels
Regardless of whether you intend to sell your home in the near future, solar panels for the most part are an excellent investment that will pay for itself in savings on a long enough timescale. But if you are intending on selling, solar panels are a great feature to have, as they’ll make your home more economical and environmentally friendly, which is a big hook these days.
To install some solar panels on your home’s roof, you’ll be looking to spend around £5,000 altogether. But solar panels can increase your home’s value by about 3%, so between savings and the increased value you should make a profit all things considered.
Of course there are more home improvement projects you can undertake to increase your home’s value like fitting new kitchens, decorating, adding extra storage, and making extensions. But these are just three relatively simple projects you can use in your home to increase the value of your property and net you a solid return on investment when you decide to move on from your current home.