Local property expert Kate Gwinnutt from Northwood Cardiff gives you an insider’s take on how to add value to your home in the ‘new normal’
How to add value to your home
Regardless of whether you’re looking to sell your property now or there is a chance for you to do so in the future, knowing how to add value to your home is invaluable.
We’d like to share with you some of the best methods for adding value to your home. But before we go into the details, it’s essential to cover one main question:
Why does all of this matter in the first place?
Adding value to your home: The benefits
Being a homeowner goes hand in hand with a lot of responsibility and a level of decision making along the way. It also comes with an urge, lots of us have, to know how much our house is worth in the current market. Even if you have not decided to sell your house just yet, its value could have an influence on other matters such as insurance, property tax, financial planning, and more for you and your family.
So let’s see what adds the most value to a house.
You may have asked yourself how much value does a new bathroom add? Or whether updated double glazing will boost the property’s value more?
We’ve prepared a short list of small house amendments that will help your property value shoot up.
What adds value to a house?
Considering the advantages, what are some of the best ways to add value to your home?
New roof
If you feel that your property’s roof can surely use an upgrade, we strongly advise you to do so. A study on which home improvements lead to the best returns in the UK reveals that a new, top-notch roofing has the potential of returning nearly 65% on your investment. You can cap the investment somewhere around £4,000. It takes some of the first positions in the list for some viewers and is an important consideration for some of the older properties we have in and around Rhiwbina. So if you’ve been wondering whether the expense of new roof can add value to your home – absolutely!
New windows
Initial kerb-appeal is so important when somebody looks at your home for the first time. Older timber windows in poor condition or Upvc windows with broken seals can be big negatives for potential buyers.
Apart from beauty, they are a factor influencing your property’s security.
To improve your home’s value and make your property safer to live in, invest in new windows with double glazing. In the UK, the price for installing double glazing with modern and protective frames in a three-bedroom house is between £3,000 and £5,000. It does require an investment but can significantly boost your home’s value in the long-term.
Kitchen
The kitchen is another area of the house which dramatically pulls your property value up when renovated. This is a central part of the home and is definitely a place that most home buyers pay close attention to. The renovation could bring up the value by nearly 10% and you don’t even have to break your bank to complete the project. Calculate how much it’s worth investing considering the percentage that will go up.
Which brings us to the next point!
How to add value to your home on a budget
Do you have to spend a lot of money to increase the value of your home or are there some things that you could do on a budget?
Here are a few ‘decorative’ examples that could also do the trick:
● Repainting the walls
● Fixing door latches
● Getting rid of any mould around the house
● Taking care of dripping taps
● Re-tiling or re-grouting your tiled surfaces
● Correcting any cracks on the ceilings
● Cleaning or replacing doorknobs
● Investing in new light fixtures
Unlock the full potential of your property
As you can see, there is so much that you can do to get your home’s value to go up. You can go all-in with the investment or try budget-conscious alternatives.
Regardless, your house could quickly become even more of a gem for you to live in or sell in the future, leading to a better lifestyle now and a higher profit in the future.
And if you do decide to sell, you can reach out to our qualified real estate agents to help you by providing reliable services. We hope that the information we’ve provided will come in handy and help you reach the property value that you’re after.
1A & 1B Heol Y Deri, Rhiwbina,
Cardiff, CF14 6HA
02920 521400
www.northwooduk.com