If you want to add value to your home, here are the best ways to add value to your property. All values quoted are statistical assessments and not guaranteed.
1. Convert your Basement
Potential Value Added: Up to 30%
Convert an existing basement into a living space can increase a property’s value by up to 30 percent. Converting basement is not complex as it doesn’t need planning permission.
2. Divide a house into flats
Potential Value Added: 30%
Converting a house into flats is famous, flats are easier to rent out. Dividing a property into separate units can therefore increase rental income in the short term and profit on sale in the long term. Before starting project, check if there is demand in your area for flats or not.|
3. Convert your parking space to living space
Potential Value Added: 15%
If you are not using your parking space for a car, convert it into a living space. – Especially if you have parking space outside.
First, check with your planning authority to convert parking space as you might need permission for renovation. A parking space conversion is subject to building regulations. You can use your local council’s building control service or an approved independent inspector, who will make several visits during the conversion to check that key areas (such as drainage, electrics, walls, and the roof) comply with regulations.
4. Expand the kitchen
Potential Value Added: 15%
Expand the kitchen into the narrow alley that runs alongside the kitchen. by this, you will achieve more space. As permitted development to comply with building regulations alley extension should no more than 4m high and no wider than half the width of the original house. Get it inspected by the local authority building department. By side return expansion you will lose windows so you should install partially to keep it airy.
5. Apply for planning permission
Potential Value Added: up to 10%
If you are planning to invest in property by buying it, renovate it and sell it, you should get planning permission as if you are adding value through any major extensions and renovatio
6. Appealing backyard or garden
Potential Value Added: up to 10%
You can convert your garden space into appealing space with a lick of paint, new door, and shiny ironmongery. Clean the garden by beautifully cutting plants and grow flowers.
Used a mirror to make this small urban garden look bigger than it actually is.
7. New bathroom
Potential Value Added: 3-5%
A new bathroom will certainly increase the value of your property. To keep it within budget change the shower, sinks, and add wall-hung accessories.
8. Make the open living area
Potential Value Added: 3 to 5%
You can renovate your home and save on the cost of an extension by removing the partitioned wall that separates your kitchen and living room
