When it’s time for you and your family to move on from your current home and list your property for sale, you will, of course, be eager to get the best possible return on your home once it is sold.
In order to do this, we all know that it’s worth taking a look around your property for any room for improvement. By taking on certain home improvements before you list your property, you’ll likely increase the likelihood of finding a buyer sooner – and you may be able to increase the resale value of your home by thousands of pounds!
So, which improvements are the most effective at adding value to your home in order to get the best possible return on sale? Here are just a few of the most popular options, as well as the value that you can expect to get back.
How Much Value Does A Garage Conversion Add To Your Home?
One increasingly popular way to add extra value – and extra space – to your home is by having a garage conversion carried out.
Whilst this may seem like a rather expensive bit of work to take on, especially right before preparing to move, it’s one of the most attractive features that you can add to your home in the eyes of potential buyers.
A high-quality garage conversion opens up a wide range of possibilities to homeowners, who can then utilise the space in whichever way they see fit. Perhaps your new garage conversion could make way for a home gym, home office, bar and hangout space, playroom – the only limit really is your imagination.
The cost of a garage conversion will vary depending on the size of the space, whether it’s a standalone structure or built-in to the home and how ‘finished’ your conversion will be – for example, whether or not you’re including plastering and carpeting into the final finish, etc. However, the average cost of a high-quality garage conversion in the UK runs between £5,000 and £10,000.
It’s quite the investment, but you can expect a garage conversion to translate into around a 20% increase into the value of your home – a huge opportunity to maximise your return on resale.
Be warned, however, a garage conversion isn’t beneficial to every home – should you have no other available off-road parking on the property, many buyers may see having a garage conversion rather than usable garage space as a drawback.
How Much Value Does A New Kitchen Add To Your Home?
If it’s been a fair few years since you last refreshed your kitchen, it may be worth having a new one installed before you list your home for sale.
On average, a new kitchen installation could set you back around £8,000. This will, of course, vary based on the size of your kitchen, the materials you are using and whether or not you’ll need to alter the wiring or plumbing within your home to install it.
However, if designed to be efficient, stylish and up-to-date with contemporary trends, you can expect a new kitchen to add between 5% and 15% to the value of your home. It’s worth working out what this could translate to with your home before deciding whether or not to go for it.
How Much Value Does A New Roof Add To Your Home?
Replacing the roof of your home is, of course, quite the investment.
The average cost of a new roof in the UK may be anything between £3,000 – £16,000, though the estimated national average cost currently sits at around £5,500. The cost of a roof replacement will vary based on the materials used, condition of the current underlay and insulation and the type of the roof itself.
However, this may be one of the most beneficial changes that you can make to your home before selling, with some sources estimating that a new roof could lead to an incredible 63% increase in the value of some homes. This is due mainly to the fact that a new roof may be one of the longest-standing improvements you can make to your home, with a high quality roof expected to last some homeowners upwards of 30 years.
How Much Value Does An Extension Add To Your Home?
You can expect a high-quality single-storey extension to your home to cost around £40,000, with a high-quality two-storey extension setting you back between £40,000 and £80,000. It’s a rather pricey investment, but you can expect to see a return once it’s complete – the estimated value added by an extension in the UK currently sits at around 23%.
This is, of course, a great result for homeowners. The reason extensions add so much value is that they are a particularly versatile addition to your home, as new owners could use the extension as everything from an additional living space to a utility room to a spare bedroom.
Remember to check what planning permission you need for this sort of work, though – or your extension could end up being a very expensive and time-consuming way to add a little extra value.
Whatever The Job, We’ve Got You Covered
If you’re preparing to sell and are looking into having a few home improvements carried out first, get in touch with Steve Bebb Building Services today and see what we can do to help.
We have years of experience serving clients across the UK from our base location in the Midlands and tailoring our service to each new project and delivering great service and a high-quality finish each and every time.