If you are looking to buy a property and wouldn’t mind getting your hands dirty this is a great way of adding value to any home. Ultimately if you are looking to save as money as possible then you will tackle most DIY jobs apart from electrics yourself, that way you can set your own schedule and not rely on a builders. However you need to make sure that any work you do yourself is finished off and to a high standard, or else this could potentially reduce the value of your home.
One of the best ways to add value to any home is by adding extra space in a form of a loft or basement conversion, extension – including changing your garage into a useable space. When considering how you can add value the first thing to do is to ask for some quotations, then ask a local estate agent such as Intercounty how much value adding an extra room will make on the value of your home. According to the NAEA, National Association of Estate Agents, a loft conversion could add as much as 9-10% of the value of a home, and depending on size and location they state that it could cost anything from £15,000 for a small loft conversion to £25,000 to £40,000 for a large one, but again this depends on how much work you are prepared to do yourself.
The trend for bedrooms with en-suites continues so you could add value, around 6% and desirability by adding one.
Open plan kitchen/dining rooms also remain popular with buyers. If your kitchen needs updating try and keep it neutral so that it appeals to potential buyers, by adding quality appliances to a kitchen often maximizes it’s appeal. By adding a new kitchen you could add around 5.8% to a property according to the NAEA.
If the downstairs space verges on the small size then adding a conservatory could add around 5% of your properties value.
However before investing in changes to your property we would always recommend weighing up the figures.