26 August 2011

How to add value to your home


It is always useful to know of ways to help increase the value of your home. Your home is your biggest asset, therefore it makes sense to invest time and effort into maximising its value. There are ways you can help to add value to your home.

5 things to consider in order to add value;

Decorate It’s so simple, but you’d be surprised at how a lick of paint and some new carpet can breathe new life into a room. Keep things simple with ‘space’ and ‘light’ as your mantra when choosing colours.

Maximise space kitchens, dining and living areas are the heartbeat of any home, and living spaces need to be as versatile as the people who occupy them. Open up communal areas to accommodate modern lifestyles.

Room for improvement? You’re paying for every square foot of your property, so make the most of it. If you spot dead space, bring it back to life. A walk in wardrobe is an open invitation for an en suite bathroom – the must-have accessory for any modern bedroom.

Lofty ideas The average cost of a dormer loft is around £23,000, and can add up to £100,000 to the value of the property. With lofts, there are good and bad – so don’t forget about circulation space and headroom.

Bargain basement? If you can’t go upwards or outwards, the only way is down. Basement conversions can be expensive (from around £300 per square foot), but with prices per square foot upwards of £600 in some urban areas, you should be able to make the number work in your favour. The opposite effect of increasing your home’s value is to throw money into your property that you will be most likely lose.

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