Whether you’re wanting to add space to your home or just looking for a change of environment, dream property renovations are often high on the list of things a homeowner wants to undertake.
Not only is it refreshing and makes your home more personal but renovating your home can benefit you by increasing your home value when you eventually come to sell it.
That’s why, going into 2024, Express Bi-Folding Doors are bringing you some of the best ways to spruce up your home this year, and how much it can add to the value of your home via property renovations.
Add a loft or basement conversion
While both basements and lofts have their uses, if you discover that yours isn’t getting much use, it might be time to think about turning one or the other into a new room. This is often the simplest way to add an extra room to your home, or even add an ensuite, both of which will increase the value of your home.
There are a few key factors to take into consideration when carrying out this type of renovation. Ensure that you make the lost easily accessible and make sure that the loft floors are reinforced to support added weight. If you’re redoing your basement, it’s crucial to seal drafts, repair the stairs and strengthen the walls.
Cost: £40,000 – £60,000
Working out how much value is added to your property is a tricky question as it is subjective to the home, size and location. However, on estimate adding a loft of basement conversion could add up to 15 – 20% value to your home.
Extend your home
Extensions of any kind are a super easy way of increasing the base value of your home. Adding a new room, and then installing an internal door is a common method of extending your home.
If you have a conservatory, or new rooms racing into the garden, maybe you should consider a set of sliding of bi-folding doors. These not only contribute to your home having a wow factor, but they will also raise its value even more.
Cost: £40,000 – £100,00 this varies on the size of the extension and location.
Value added: 15-20%
Steve Bromberg says: “We’ve done some home extensions that have doubled the value of a house because carrying out that work not only increases the footprint of the property but the additional bedrooms, dining rooms, kitchens etc have a huge impact on the value of the property”.
The kitchen serves as the heartbeat of any home, capturing immediate attention and deserving thoughtful investment to elevate it into an extraordinary space, and elevate the price of your overall home cost.
Remember, it’s important to make your new kitchen practical but stylish, you want your home to be desirable. We recommend seeking the assistance of a kitchen expert to make your culinary dreams come true.
Cost: £3,000 – £35,000
Value added: 10% – 12%
Fortunately, how much you spend on your bathroom renovation is completely up to you. Some may make simple changes like updating taps, installing a new shower head, and updating your bathroom cabinets.
Others may go ahead with a big project like changing your tiles, installing a new bath or adding some underfloor heating.
Cost: £4,000 – £10,000
Value added: 4% – 5%
Fix structural issues
Before any cosmetic improvements are made to our home, ensure that all structural issues are fixed. It’s crucial to make sure your foundations are locked in to prevent any future issues.
This includes leaking roofs or broken tiles, attending to damp or mould problems, and safe flooring.
It is always a good idea to get the advice and support of a qualified tradesperson if you are at all unsure about how to handle these trouble spots.
Cost: £700 – £ 12,500 this is very dependent on what you are doing to our home. Smaller costs will cost less while.
Value added: 3% – 5%
While we have estimated the value added to your home, Managing Director, Steve Bromberg at Express Bi-folding doors says: “The value added to your home is tricky to measure and it can also depend on the location, for example London projects have the biggest impact).”
For more information on how to add value to your home, visit here: https://www.expressbifolds.co.uk/news/home-improvement-projects-add-value-home/