Homeowners looking to increase the value of their property are usually unsure of where to start. From small DIY renovation projects to house extensions, there are plenty of options to choose from, but the most valuable home improvements are the ones that bring you a higher return than the total amount you have invested throughout the years. With that in mind, we have collected three of the best long-term investments you could make.
In order to climb the property ladder, you need to be willing to invest in making your home superior to others in your area. Researching the improvements other homeowners have already made is a great first step and this can be easily checked through estate agent comparison websites like GetAgent, for example. As well as breaking down local house prices, the site explores the latest property trends in the UK, and helps you to get a sense of how much your home is worth compared to others in your area. This then equips you with the knowledge needed to improve your own house, and helps you to keep abreast of current trends. It also gives you the opportunity to provide buyers with what they want, and possibly even surpass expectations.
Open Spaces
One of the first things potential buyers or tenants look at is how spacious the layout is. Open plan designs have been trending for a while now and investing in an open living room, dining room, and kitchen is the way forward. The benefits of such a layout are countless, from allowing more natural light into the house to a better traffic flow and multifunctional spaces.
However, while an open space makes the layout more flexible, it still needs structuring. The areas need to be clearly defined, so most times it requires the eye and expertise of an interior designer or a contractor. This aspect automatically raises the costs, but, when compared with the fact that it helps increase your home’s value, it generally balances out.
Smart Home
Eco-friendly trends are on a rise in 2021, with more and more people looking into ways to make their homes sustainable. It is not just about changing our lifestyle habits anymore, it is also about investing in ways that don’t harm the environment. This is reflected in the way properties are being built around the UK, utilising sustainable materials and green technology.
As it is an increasingly popular trend, property owners should seriously consider taking advantage of this opportunity and invest in smart technology. This type of tech covers all the products that can save time and energy while improving the efficiency of your home. Examples include lighting and heating that can be controlled remotely from your smartphone, as well as electronic devices and systems that help you save up on your bills.
Utilise the Exterior Space
Enhancing your outdoor space is another investment that can significantly improve your property’s value. Although it might sound like you need a large sum of cash to make it happen, it isn’t necessarily true. The outdoor space doesn’t have to be extremely luxurious and to include a pool, it just needs to be cosy enough to make people want to spend time there.
When you picture the outdoors, you picture a space that invites you to relax and spend time with your loved ones. This is exactly how we should utilise the exterior space, as reported by housebeautiful.com. Whether it’s a small patio with a table, a few chairs, and a grill, or a backyard with a large green space, a hammock, and a couple of sofas, any small idea can contribute to the overall appeal of your outdoor space.
So, there you have it; three ways to potentially improve the value of your home and, hopefully, you now have a better idea of where to start. Which of these ideas are you considering taking on to improve your property’s value?
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Daniel Peacock.