by Mario & Jennifer Ruiz 06/30/2020
Whether you’re renovating a property or looking to update one before putting it on the market, this guide has everything you need to know about adding value to your home.
We’ll take you through 31 different ways to increase your property value, with tips on how to maximise your profit and make your money go further.
We’ll also share ‘improvements’ that won’t add value. So if you want to get more ‘bang for your buck’, keep reading…
Bringing the Interior Up-to-Date
#1 Modernise Your Kitchen
You’ve probably heard the saying that kitchen and bathrooms sell houses, and it’s true. Having an up-to-date modern kitchen is one of the best ways you can add value to your home. After all, it is the hub of the home!
Updating a kitchen can be as simple as just giving your kitchen cabinets a fresh coat of paint. Or, it can much more complex and involve an entirely new kitchen and layout. Property experts say if you can only afford to tackle one room in the house, it should definitely be the kitchen.
If you do plan on buying a whole new kitchen, to ensure you get the most value from it, this guide from Nationwide Building Society, suggests that the amount you should spend on a new kitchen should be in proportion to the value of your home. For example, a £500,000 home requires a higher spec kitchen than a property only worth £100,000 (and vice-versa), otherwise, you may forfeit adding any substantial value.
Elements for Added Value:
- Quartz & Marble — Luxury materials like quartz or marble worktops are extremely desirable in kitchens for being easy-to-maintain and durable. Not to mention, they’re stunningly beautiful and make any kitchen look high-end.
- Modern Appliances — According to Country Living, buying new energy-efficient built-in appliances is the second most important contributor to adding value to your kitchen.
Read more: propertyworkshop.com