One smart way to invest your money is in your home. If you already own the home, then adding extra value to it in the correct manner is a sure way to increase your net worth.

You may also be thinking about selling your home or getting into home rennovaion. Well here are 11 ways to increase the value of your home so that you can get the most money possible from your investment.


 

Loft/basement conversion

If you have a loft, basement or both, and you’re not using them for anything but storage, then you’re missing out on a lot of money.

A converted loft, basement or both, can add a significant amount of value to a home since it’s like adding a whole extra living space and floor to the property.

 

Parking

Parking is a confusing one, but we’ll explain how it can help you. If the area has a ton of places to park then adding a driveway is pointless, it’s not really needed.

However if your home is situated in central london for example where parking spaces are like gold mines due to a lack of space and on-road parking, then it can add a significant amount to your property for the simple reason of convenience.

 

Conservatory

A conservatory is a great way to add some sparkle to a home. It’s a real showpiece and can take a home into the next bracket.

However a conservatory or an orangery can be expensive to build, so make sure you don’t blow your entire budget on one component especially if it’s not 100% neccesary.

 

Garage Conversion

Many people use their garage for storage and don’t actually have a car inside. This is a huge waste of potential and it leaves money on the table.

By converting your unused garage into livable space, you can add an extra room to your home and increase the size of the property greatly.

 

Think About The Potential Buyer

One thing that won’t cost you anything is thinking about your potential buyer. If you live in an area that has a nearby school, playground and a lot of young families, then adding a playroom would be a great idea.

If you live in an area where it’s close to the city and is well known for housing career people, then an office would be more beneficial.

You have to think about the possible buyer and what their needs will be. You could end up spending thousands on a playroom and an extra bedroom for a child, but if your buyers are young professionals without kids, then that money would’ve been better spent on entertainment features such as improving a rooftop terrace or building an elaborate patio area for the garden.

 

External Aesthetics

First impressions are everything. Seeing as the outside of the house is the first thing we see, it makes sense to spend a little bit of money on the external features.

Focus on the paint, clear the gutters and make sure the front door and windows not only match the house, but also look safe and high quality.

 

Focus On The Kitchen Or The Bathroom

A lot of people focus on the bedrooms when spending on their home. But it’s the bathroom and kitchen that come out on top when adding value and giving the appearance of quality.

If you have a limited budget then use it for one of these two rooms or both if possible. These two rooms will give you the best return on investment.

 

Knock Down The Walls

Too many walls can give the impression that the home is smaller than it is. Open plan houses are winning in the modern era and this could be something that your house can gain by simply knocking down a wall or two.

If you’re going to do this, make sure you contact a professional first since it’s not safe to start knocking down random walls due to support structures..

 

Install Central Heating/Air Conditioning

Most homes will have this feature already, but on the rare occassion that yours doesn’t, you’ll be surprised to know that it can add north of $6k to your home depending on the climate of the region.

 

Connect The Garden To The Home

The garden on it’s own is just a garden. Add some sliding doors, remove the doorstep, blend the levels and you have a garden that connects directly to your home.

This enables you to increase the number of features that the home has. A garden that connects to the home is a must for entertainers. It brings the house together and adds an extra feature without having to do a lot of work or spend a lot of money.

 

Apply For Planning Permission

Planning permission means options. Go through the trouble of getting planning permission for the potential buyers and they’ll thank you for it by making offers.

Planning permission makes people’s imaginations run wild. Potential buyers will start seeing their plans come together and they’ll begin thinking of all the things they could do with the extra space.

This is a huge weapon when selling your home and adding value to a property. If you have spare land around you, make acquiring planning permission one of your main targets.

One smart way to invest your money is in your home. If you already own the home, then adding extra value to it in the correct manner is a sure way to increase your net worth.

You may also be thinking about selling your home or getting into home rennovaion. Well here are 11 ways to increase the value of your home so that you can get the most money possible from your investment.


 

Loft/basement conversion

If you have a loft, basement or both, and you're not using them for anything but storage, then you're missing out on a lot of money.

A converted loft, basement or both, can add a significant amount of value to a home since it's like adding a whole extra living space and floor to the property.

 

Parking

Parking is a confusing one, but we'll explain how it can help you. If the area has a ton of places to park then adding a driveway is pointless, it's not really needed.

However if your home is situated in central london for example where parking spaces are like gold mines due to a lack of space and on-road parking, then it can add a significant amount to your property for the simple reason of convenience.

 

Conservatory

A conservatory is a great way to add some sparkle to a home. It's a real showpiece and can take a home into the next bracket.

However a conservatory or an orangery can be expensive to build, so make sure you don't blow your entire budget on one component especially if it's not 100% neccesary.

 

Garage Conversion

Many people use their garage for storage and don't actually have a car inside. This is a huge waste of potential and it leaves money on the table.

By converting your unused garage into livable space, you can add an extra room to your home and increase the size of the property greatly.

 

Think About The Potential Buyer

One thing that won't cost you anything is thinking about your potential buyer. If you live in an area that has a nearby school, playground and a lot of young families, then adding a playroom would be a great idea.

If you live in an area where it's close to the city and is well known for housing career people, then an office would be more beneficial.

You have to think about the possible buyer and what their needs will be. You could end up spending thousands on a playroom and an extra bedroom for a child, but if your buyers are young professionals without kids, then that money would've been better spent on entertainment features such as improving a rooftop terrace or building an elaborate patio area for the garden.

 

External Aesthetics

First impressions are everything. Seeing as the outside of the house is the first thing we see, it makes sense to spend a little bit of money on the external features.

Focus on the paint, clear the gutters and make sure the front door and windows not only match the house, but also look safe and high quality.

 

Focus On The Kitchen Or The Bathroom

A lot of people focus on the bedrooms when spending on their home. But it's the bathroom and kitchen that come out on top when adding value and giving the appearance of quality.

If you have a limited budget then use it for one of these two rooms or both if possible. These two rooms will give you the best return on investment.

 

Knock Down The Walls

Too many walls can give the impression that the home is smaller than it is. Open plan houses are winning in the modern era and this could be something that your house can gain by simply knocking down a wall or two.

If you're going to do this, make sure you contact a professional first since it's not safe to start knocking down random walls due to support structures..

 

Install Central Heating/Air Conditioning

Most homes will have this feature already, but on the rare occassion that yours doesn't, you'll be surprised to know that it can add north of $6k to your home depending on the climate of the region.

 

Connect The Garden To The Home

The garden on it's own is just a garden. Add some sliding doors, remove the doorstep, blend the levels and you have a garden that connects directly to your home.

This enables you to increase the number of features that the home has. A garden that connects to the home is a must for entertainers. It brings the house together and adds an extra feature without having to do a lot of work or spend a lot of money.

 

Apply For Planning Permission

Planning permission means options. Go through the trouble of getting planning permission for the potential buyers and they'll thank you for it by making offers.

Planning permission makes people's imaginations run wild. Potential buyers will start seeing their plans come together and they'll begin thinking of all the things they could do with the extra space.

This is a huge weapon when selling your home and adding value to a property. If you have spare land around you, make acquiring planning permission one of your main targets.