For most people, the goal of buying a house will be to eventually sell the property again for a profit. To do this you cannot simply rely on the housing market valuations. You will also need to do renovations and conversion to ensure your property remains well-maintained and up to date with designs trends. The bottom line is that if you want to see a return on your property investment, you will need to invest time and money into creating a home which others will want to buy.
A recent survey revealed that adding another bedroom to your home was the most sought after conversion. But, there are other home improvements which are likely to increase your property value by just as much. These include a kitchen conversion and adding a loft to your home. Here are the top 6 conversions you can undertake in your home to increase the value of your property:
When you think about converting any space in your home, the first thing that usually comes to mind is doing a loft conversion. Your loft can be used as an extra bedroom or a home office to name just two options. Additionally, doing a simple one bedroom loft conversion which features an en-suite bathroom will almost immediately give your house a boost in value. Loft conversions are usually non-disruptive and can be completed in just a few days.
Adding a conservatory to your home will not only increase the value of your house but will also add much-needed living space to your property. When you decide to add a conservatory to your current house you need to be sure that it will match the existing look and feel of your property. If you do not do this the added building will simply look as though it was slapped together and this could very well decrease the value of your house.
Convert with a basement
Adding a basement to your home will not only be disruptive to your life but it will cost quite a bit of money. As far as conversions go, adding a basement to your home is the most expensive conversion type. Adding to this, you will need to make sure that you have another place to stay all together while building carries on in your home. The conversion will entail digging under your home and will in many cases affect the structure of your house. The benefits of adding a basement, on the other hand, will include a large additional space for your home.
Converting your garage
If you are not using your garage to park your car, why not consider turning the area into an additional room or flat? This will mean that you now have a room which can be rented out to bring in extra money.
Do a kitchen conversion
One of the best ways to add value to your home is to upgrade your kitchen. If you have unused space next to your kitchen, why not consider breaking through a few walls to allow for a bigger cooking area? Open plan kitchens are also a great way to get the family together while you cook. You can expect to get an additional 5% for your home if it has a newly renovated kitchen.
Converting your garden
There are many areas in which parking is seen as a premium space. If you are living in one of these areas and find that you have very little time to spend in your garden, why no consider swapping a piece of your garden for a paved parking area. Many people who are searching for the perfect home would rather choose a safe parking area over a garden and they are willing to pay a premium for those benefits.