According to property and construction expert Natalie Mitchell at HomeHow.co.uk, there are certain renovations which may cost a lot initially but will provide a really good return on investment.
1. Loft conversion
The expert explained: “Adding a loft conversion to your home is great as this can provide a completely new room to your home.
“The most common uses for a loft conversion are for an extra bedroom, an office, or a playroom. While this may sound like a very big and stressful job, it is usually actually much less hassle than you may think.
“In most cases, you won’t need to move out while a loft conversion is taking place.
“To start a loft conversion, you’ll need to measure your loft to make sure you have enough headspace to create a room.
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“It is recommended that you have a minimum height of 2.2 to 2.4m for a cut roof. If you want a trussed roof, you will need around 2.4 to 2.6m of headroom for a roof made from factory-made trusses.
“You will also need to consider access to your new loft room. If you install a staircase, you will lose some space from the floor below.”
According to the property expert, a loft conversion could add a huge 20 percent of value to a home.
2. Converting a basement
If you’re lucky enough to have a basement, transforming it into an extra room could be a great option for 2024.
Make sure to consider how this space will be used as this will determine the way it is built, according to the expert.
Natalie added: “You will then need to take time to find the right contractors to work with.
“There are some specialist basement companies that will have the skills needed to take care of the entire process for you.
“In other cases, you may prefer to use an architect. Either way, it’s best to ask around and find recommendations for good-quality contractors. A basement conversion can usually add around 10 percent to 20 percent of value to your home.”
3. Incorporate open-plan living
Open-plan living has been popular for several years and it really can transform a home, and be appealing to buyers.
According to the pro, creating an open-plan living space can add up to 15 percent to your home’s value.