Your home is more than just a place to live—it’s an investment that can grow in value with the right improvements. Whether you’re planning to sell in the near future or simply want to enhance your living space, here are ten practical ways to expand, update, or add value to your property.
1. Add a Loft Conversion
Converting your loft into a usable space, such as an extra bedroom or home office, can significantly boost your home’s value. In the UK, a well-executed loft conversion can increase property value by up to 20%, according to Nationwide Building Society. Ensure you comply with building regulations and consider adding a dormer window for extra light and space.
2. Build an Extension
A single-storey extension, like a larger kitchen or dining area, is a popular way to expand your home. The Royal Institution of Chartered Surveyors (RICS) estimates that extensions can add 5-15% to your home’s market value, depending on size and quality. Planning permission may be required, so check with your local council.
3. Update the Kitchen
The kitchen is often considered the heart of the home, and a modern update can make a big difference. Replacing old cabinets, adding energy-efficient appliances, or installing a stylish island can attract buyers. A survey by Rated People found that a new kitchen can increase home value by around 5-10%.
4. Revamp the Bathroom
A dated bathroom can drag down your home’s appeal. Upgrading to a sleek, modern design with features like a rainfall shower or underfloor heating can add up to 5% to your property’s worth, per Zoopla’s 2023 data. Keep it neutral to appeal to a broader audience.
5. Improve Energy Efficiency
With energy costs soaring, eco-friendly upgrades are increasingly valuable. Insulating walls and the loft, installing double glazing, or adding solar panels can lower bills and appeal to buyers. The Energy Saving Trust notes that solar panels could save homeowners up to £700 annually, while boosting resale value.
6. Create Open-Plan Living
Knocking down non-structural walls to create an open-plan layout is a modern trend that adds both space and value. Estate agents report that open-plan homes can sell for 5-7% more than traditional layouts, as they suit contemporary lifestyles. Always consult a structural engineer before starting.
7. Add a Garden Room or Home Office
A separate garden room can serve as a workspace, gym, or guest suite. With remote working on the rise, this can add up to 10% to your home’s value, according to estate agent Savills. Opt for a design with good insulation and natural light.
8. Refresh the Exterior
First impressions matter. Repainting the front door, replacing windows, or adding cladding can lift your home’s kerb appeal. A study by Sellhousefast.co.uk found that improving exterior aesthetics can increase offers by up to 7%.
9. Install Smart Home Technology
Smart thermostats, security systems, and lighting can modernise your home and attract tech-savvy buyers. Research by Deloitte suggests that homes with smart features can see a value increase of 3-5%, as they promise convenience and efficiency.
10. Maximise Storage Space
Built-in wardrobes, under-stair storage, or a garage conversion can make your home more practical. Good storage solutions are a top priority for UK buyers, and estate agents note that this can nudge your home’s value up by 2-5%.
Suggestions
- If you’re on a budget, focus on smaller updates like the bathroom or exterior first, as these offer a strong return for less investment.
- For larger projects like extensions or loft conversions, get multiple quotes from contractors to ensure cost-effectiveness.
- Consider your local market—check Rightmove or Zoopla to see what features are in demand in your area before committing.
Summary
- Loft Conversion: Adds up to 20% value; requires building regs compliance.
- Extension: Boosts value by 5-15%; needs planning permission.
- Kitchen Update: Increases value by 5-10%; focus on modern design.
- Bathroom Revamp: Adds up to 5%; keep it neutral.
- Energy Efficiency: Saves money and adds value; solar panels are a standout.
- Open-Plan Living: Ups value by 5-7%; check structural safety.
- Garden Room: Adds up to 10%; ideal for remote work.
- Exterior Refresh: Increases offers by up to 7%; low-cost impact.
- Smart Tech: Boosts value by 3-5%; appeals to modern buyers.
- Storage: Adds 2-5%; a practical enhancement.
By choosing the right projects, you can transform your home into a more valuable and enjoyable space. Happy renovating!