Thinking of selling? Add value to your property with these five top tips to renovate

When planning to put your home on for sale or rent, consider all the factors using rental property calculator in order to maximise the value of where you live now and propel yourself up the property ladder. Property website propertypriceadvice.co.uk have published online a series of tips that could boost the value of your property by doing simple renovations. The published list provides homeowners with different ideas on “How to add value to your property” before you list your home for sale.

Add a further 30 percent to the value of your home by converting your existing cellar into a living or storage space – so long as the build cost per square foot is less than the price per square foot of the area.

According to propertypriceadvice.co.uk: “Converting your cellar can be one of the least complex home improvements to make as it qualifies as a ‘change of use’ for planning purposes – which means you don’t need planning permission.”

Don’t have a cellar? Then dig down to add square footage to your home – bearing in mind that building a basement calls for the skills of specialists, from excavation and structural engineering to waterproofing.

It’s easy to feel overwhelmed by a project of this site or to spend more money than necessary, so propertypriceadvice.co.uk has broken down the process into manageable stages which can be found on their website.

Another tip that propertypriceadvice.co.uk has suggested is splitting a house into flats.

This is idea for a home which is on the larger side. Converting a house into flats is very popular in London, as flats are always in high demand and often easier to rent out.

“Splitting the property into separate units can therefore maximise rental income in the short term and profit on sale in the long term,” the statement read.

However, before embarking on a project like this, do some research on whether there is a demand for flats in your area. If three-bedroom properties aren’t shifting but smaller flats are, conversion could be a good option.

By doing this you could be adding an extra 30 percent to your property value, however it could turn out a more costly endeavour.

Potentially add a further 15 percent to your property by converting your garage into a living space.

“If your garage isn’t being used to house a car, it could make sense to convert it into a living space -especially if you have parking outside.”

The first steps you need to take in order to convert your garage into a living space are to check that your garage is suitable for conversion and whether you need planning permission.

In most cases, converting a garage will be classed as a permitted development, so you won’t need planning permission, but always check with your local authority, just in case.

Another option to add a further 15 percent of value to your house is to extend the kitchen with a side-return extension.

A side return is a narrow alley that runs adjacent to the kitchen in a typical terraced or semi-detached house. Propertypriceadvice.co.uk said: “Extending the kitchen into the side return and to the full width of the rest of the house means you gain valuable space and can also improve the layout.”

A single-storey side-return extension will most likely be classed as a permitted development, provided you meet certain limits and conditions.

Consider adding a loft conversion to add another bedroom. An extra bedroom can add up to 15 percent to the value of your home, especially if it’s a loft conversion with an en suite.

Once you start planning, you’ll need to get to grips with the types of conversions available. Options range from a roof light conversion, which needs the least amount of structural work and so is the most cost-effective, to a more expensive mansard conversion.

 

source: express.co.uk