10 ways to invest in your home

15th October 2021

There are numerous house renovations that can be considered investments because they will either pay for themselves over time or boost the property’s value. Here are ten of the best:

 

A loft conversion

Build an extension

Installation of solar panels

A new front door

Installation of new windows

A new heating system

Installation of water softener

Insulation of cavities.

Fitting a new kitchen / Bathroom

Getting a garden building

 

A Loft Conversion

A loft conversion will give your property more living space while also increasing its value.

You may increase the value of your home by adding extra features like Juliet / window balconies and dormers to expand the usable space.

A loft conversion provides something pretty unique and unmatched by anything else on this list by adding an extra floor to your home.

 

Build an Extension

Extensions are a great method to add value to your house and provide a higher return on investment than a basement or loft conversion.

Adding an addition to your home provides nearly unrivalled scope and scale flexibility, restricted only by the following factors:

  • Budget
  • Permission to Plan
  • The amount of space you have on your property

 

Extensions, like loft conversions, can be extremely expensive, costing several tens of thousands of pounds to begin with.

 

Installation of Solar Panels

Solar panels provide two advantages that will increase the value of your home:

  • They help you save money on your electricity costs.
  • They bring in money.

 

A typical home in the United Kingdom with solar panels can save up to 50% on their electricity bill and receive a rebate of up to £1,000 per year.

Depending on the time of year, the size of your roof, and electrical pricing / subsidies, these values may change.

 

A New Front Door

Although it may appear strange, an ancient timber front door can be a significant source of heat loss in a home.

Replacing your old front door is an expenditure that may pay for itself in a couple of years only on heating bills, but it’s also the first point of contact for any visitor (or buyer).

 

Installation of New Windows

Installing new windows in your home will take a long time to pay for itself in terms of energy savings, but if your old windows are in bad condition, it can add value to your home.

 

Most UK houses are required to have double-glazed windows as a minimum, thus if your windows are single-glazed, damaged, or worn, it will be considered as ‘work that has to be done’ in any value scenario.

 

Upgrade Your Heating

Depending on how much extra renovation you plan to perform, there are two possible heating options to consider.

 

Because of technological advancements, your 10–20-year-old system is likely to be significantly less efficient than newer systems available today, getting a new boiler and/or radiators is likely to save you money.

 

If you’re undergoing a major remodel, consider installing underfloor heating, which eliminates the need for radiators in rooms and appeals to potential buyers.

 

Installation of Water Softener

This is something that will either be useful or not, depending on whether or not you live in a hard water location.

Hard water leaves white spots on plates, glasses, silverware, bathtubs, showers, and sinks, as well as reducing the life of appliances like:

  • Dishwashers
  • Boilers
  • Machines for washing clothes
  • Kettles
  • Irons

 

Water softening systems are not inexpensive, but they will almost certainly pay for themselves by prolonging the life of your equipment.

 

Insulation of Cavities

Cavity insulation can significantly improve the comfort of a home in the winter and save you money in the long run.

Insulation for walls and lofts is frequently available for free thanks to government funding, so if you don’t already have it, you should take advantage of it.

 

Fitting a New Kitchen or Bathroom

Kitchens and bathrooms are two of the most significant features to consider when wanting to raise the value of a home.

This is especially true if you live in an area with a lot of similar-sized houses – if there are a lot of 3-bed semis in your region, having a better-than-average kitchen and bathroom makes yours more desirable than the market cost.

 

Getting a Garden Building

It’s like having an extension, but for a lot less money! A garden building is essentially a nice shed that isn’t normally designed to be ‘lived in,’ but provides extra space for specific activities.

Gyms, offices, and workshops are common uses for garden structures.

The only disadvantage of garden structures is that they may not endure as long as a true extension and may need to be replaced after 10-15 years.

 

If you would like to discuss any of the information in this blog further, we’d be happy to chat with you. Please Contact us today to arrange a free, no obligation site survey.

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