5 ways to create value in your home
We recently had our house on the market to sell, but have just taken it off the market. The house wasn’t selling and we didn’t even get an offer. I take this as a sign that our house is not to be sold. A few people had to said to us, why sell when you have invested so much money and time into making the house exactly what you want? They have a point we have invested much in this house and have increased its value hugely. With moving costs being so significant often it makes more sense to make the most out of what you have got and create more value in your own home.
Here are a few ways to create value in your home.
Extend your house
There are so many ways to extend your house, we chose to extend out to the right of our house into unused space, going up two stories. This gave us a much bigger open plan kitchen, a utility room, a downstairs toilet. Then upstairs we gained an extra bedroom, gained a bigger third bedroom and a bigger bathroom. My husband works for a building company so we could benefit from discounts on materials and we knew a lot of people to help with the extension. We ended up spending £70k but immediately added on £110k in value to the house. Our work created value of £40k in the 4 months it took to complete the work. A healthy return I would say!
A Loft conversion
One thing that we will do next, finances dependant, will be a loft conversion. With our new even bigger loft we have a huge amount of space that can be converted into one huge extra bedroom or 2 smaller rooms. And we have plenty of room to create a stairway up to the loft as well. A loft conversion is a cost-effective way of creating space in your home. There are no foundations and you are not needing many bricks so it’s so much cheaper than extending your house out. You will need a decent lighting solution such as Velux windows and an expert builder that come recommended for left extensions. A loft conversion will almost certainly increase the value of your house by more than what you spent (provided you manage your costs!)
Landscape your garden
A garden is such an important asset of your house, particularly in the summer months. We created a patio area next to the French doors in our kitchen. This has created a nice area to sit and chill in the afternoon sun. My summer office moves to the patio when it warms up.
We have then built a wall with steps up the flat AstroTurfed garden/football pitch. The AstroTurf is perfect for a low maintenance garden and always looks amazing. The investment of around £2,000 has been totally worth it in terms of outdoor space for the children all year round.
What do have in your garage? If you are anything like us its full to the brim of junk and need a big declutter and chuck session. What about converting it into an office or a gym or a playroom? There are so many alternative options for a garage that mean it’s no longer wasted space. I would love to convert ours into a space for the boys as they grow into teenagers.
Update Your Kitchen
The kitchen is the heart of the house and a lovely looking kitchen will often make or break a house sale. Even a simple refresh to your kitchen cupboards, a repaint or new handles can update a tired looking kitchen into something different. Having modern, efficient appliances will make a huge difference to you cooking and electricity bills.
Have you done something else that has created value in your home, along with giving you extra space without having to move to a new house?
This is a collaborative post.