Renovating for Resale: How to Increase Your Home’s Value

When it comes to selling your home, adding value can feel like a bit of a balancing act. You want to make changes that increase your property’s appeal, but it’s also important that you enjoy your home in the meantime. The good news? Many home renovations not only boost your property’s value but also improve your day-to-day living experience. In our latest article, we’ll cover the top, value-adding home renovations that can help you live a better life today and increase your home’s resale value in the future. 

It goes without saying that every property and home improvement is different, so the value-add figures below are an average. If you are interested to know what value that your renovation plans might have on your property, we would recommend getting in touch with our team of experts. The details are at the end of this article. Now let’s dive in!

Lofty Heights: Converting Your Attic

Potential Value Increase: 15-20%

A loft conversion is one of the top home remodels that add value. By transforming an unused attic into a functional space (like an extra bedroom, office or hobby room), you can significantly increase your property’s square footage and appeal.

The primary benefit of a loft conversion is that it adds substantial living space without requiring an extension. For those looking to avoid planning permission, loft conversions are often a hassle-free option. However, the cost of converting a loft can be pretty high, with prices ranging from £20,000 to £50,000 depending on the project’s complexity. Additionally, you may encounter some structural work that could complicate the process or require approval from the local council. If in doubt, speak to a professional.

If it suits your lifestyle and budget, we recommend turning any extra space into an additional bedroom to increase your pool of buyers when the time comes to sell. However, if you’re just looking to ‘zhuzh’ up your home and boost your quality of life, whatever you turn your loft into will likely add value to your home regardless – so do what’s right for you.

Culinary Conversions: The Kitchen Remodel

Potential Value Increase: 5-10%

As the heart of the home, the kitchen plays a pivotal role in attracting buyers. A kitchen remodel is one of the most effective home renovations that add value. Whether it’s a sleek new layout, modern appliances, or fresh cabinetry – a well-designed kitchen can boost your home’s appeal and functionality. And while costs vary widely depending on your plans (anywhere from £5,000 for minor updates to £30,000 for a complete remodel), the return on investment can be substantial.

The biggest draw of a kitchen renovation is undoubtedly its ability to enhance your daily life. There’s something about a bright, modern kitchen that makes you want to spend more time cooking, hosting friends, or simply enjoying a morning coffee. On the downside, kitchen remodelling can be disruptive and, depending on your choices, can become expensive. However, the improved design, energy-efficient appliances, and aesthetic appeal make the effort worthwhile once done.

Splish, Splash, Cash: Adding a Bathroom

Potential Value Increase: 4-6%

Adding an extra bathroom, particularly an en-suite, is another renovation that can significantly improve your daily living while increasing your home’s value. In larger households, an additional bathroom can eliminate the daily queue for the shower, while even buyers shopping for two-bed properties can appreciate the luxury of a private bubble bath.

The cost of adding a bathroom varies depending on whether you’re repurposing existing space or building an extension, with prices ranging from £3,000 to £15,000. However, the appeal of a second bathroom is clear: it adds convenience for you now and is a highly desirable feature should you decide to sell. On the other hand, it’s essential to consider that installing a new bathroom could require significant plumbing work and may take up valuable space elsewhere in your home.

Lightbulb Moment: Energy Efficiency Upgrades

Potential Value Increase: 5-15%

Energy efficiency is a hot topic these days – especially with rising utility costs. Upgrades like double glazing, better insulation, or a new boiler are fantastic ways to lower your energy bills while increasing your home’s value. Moreover, these upgrades also appeal to eco-conscious buyers who are prioritising sustainability in their property search.

The beauty of energy efficiency upgrades lies in their practicality. Not only will you enjoy a cosier home and lower heating bills, but you’ll also be making your property more attractive for future resale. On the downside, the initial outlay can be high, especially for improvements like double glazing (around £3,000) or a new boiler. However, with government incentives often available and long-term savings on energy bills, such upgrades pay off in more ways than one.

Green Thumb, Green Wallet: Garden Landscaping

Potential Value Increase: Up to 20%

First impressions matter, and your garden is the first thing potential buyers will see. Landscaping your garden with a patio, seating area, or simply improving the greenery can significantly boost your home’s kerb appeal and increase its overall value.

In addition to adding value, an upgraded garden gives you a relaxing outdoor space to enjoy all year round (weather permitting). Whether it’s for hosting BBQs, reading a book on a sunny day, or letting the kids play, a gorgeous garden is guaranteed to enhance your quality of life.

It’s worth considering that garden improvements require regular maintenance, and in places like Scotland, the weather may limit how often you can fully enjoy it. That said, a beautiful garden isn’t just for looks – it’s a critical element of creating a home environment you and future buyers will love. Plus, depending on your skill level, it’s a renovation you can do fairly easily yourself and often on the cheaper side.

Want some inspiration? Check out our latest article: Garden Trends: Renovation Ideas to Boost Your Home’s Market Appeal

Food for Thought

When thinking about how to increase your home’s value, focus on renovations that enhance your lifestyle now while also boosting resale potential. From loft conversions to energy efficiency upgrades, these value-adding home improvements let you enjoy your space today and cash in when it’s time to sell.

Of course, every renovation has its challenges – whether it’s the cost, disruption, or upkeep – but the benefits of daily comfort and long-term property value make these upgrades well worth considering. Whether you’re looking to sell soon or simply want to elevate your living space, these improvements will ensure your home remains a valuable investment for years to come.

Unlock Your Home’s Hidden Value with MOV8

Thinking about renovating to add value to your home? Whether you’re ready to transform your loft, upgrade your kitchen, or improve your home’s energy efficiency, MOV8 is here to guide you every step of the way. We’ll help you maximise your property’s potential, whether you’re looking to sell soon or simply want to enjoy a better living space now.

Get started today by filling out our free online valuation form. Want to speak to one of our friendly team? Call us on 0345 646 0208 or email [email protected] for sales or [email protected] for buying. Let’s start building your home’s future together.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *