Making improvements to your home can be incredibly expensive, especially if you’re making big changes, but sometimes, it just needs to be done. Finding the money can be difficult and it takes a long time to save up money that you end up spending overnight once the project gets underway. But that money doesn’t always disappear because you could be adding value to the home. If a project adds value to your home, you can consider it an investment because you still have that money, it’s just tied up in your house. This is something that you should think about when you’re deciding what work to do on your home because projects that add value are far more sensible than projects that don’t.
In general, you need to think about what other people look for in a home. If you’re making changes that are likely to improve the house for anybody that lives there, they will add value. But if you’re making specific changes that are more personal to you and your family, other people might not consider them a selling point.
If you have some money set aside to spend on your house but you can’t decide what changes to make, these are some of the best home renovation projects that add value to the property.
Remodelling The Kitchen
The kitchen is the heart of the home for a lot of people. It’s where you cook and eat meals together as a family and it can serve as an entertaining space for guests as well. Houses with an outdated or small kitchen really struggle to sell because it’s a big priority for a lot of people, so a kitchen remodel will always add value to the home. Most people can expect to recoup between 60 and 120 percent of the money that they spend on a new kitchen so in some cases, you can actually make money on it.
When you’re remodelling the kitchen, there are a few important things that you need to remember if you want to make sure that it adds value. The first and most important thing to remember is to make sure that it fits with the style of the house as a whole. A lot of people make the mistake of spending loads of money on a flash, modern looking kitchen in a quaint old property and it just looks out of place. In an older property, you’d be much better off going for a farmhouse style kitchen that fits better with the rest of the interior.
The other important thing to think about is energy efficiency. We’re all trying to live a more eco-friendly lifestyle these days and that starts at home. If you have appliances in the kitchen that are not energy efficient, your house is not going to be very eco-friendly and that takes away from the value. People will also be worried about the cost of their energy bills, so energy efficiency is always important if you want to add value to your home.
Having more than one bathroom is a big selling point for a lot of people, and it makes things more comfortable for you while you’re living there as well. This is especially true if you have kids that are getting older and want their own space. If you only have one bathroom, you should seriously consider adding another one because in most cases, the value of your home will rise by a lot more than the cost of adding the bathroom in the first place. However, this doesn’t apply if you are building an extension to put the new bathroom in.
You should look around your home and see if there are any rooms that don’t really get used very much. Splitting a large room into a slightly smaller one and a bathroom is another option too. Spaces that you could use include closets that don’t get much use or the area underneath the stairs. If you want to put a bath in, you will need a much larger room, otherwise, the bathroom will feel very cramped.
Sustainability is important when installing a new bathroom as well but a lot of people forget about it. Water usage is a big problem and the best way to cut down is to install the right fixtures in your new bathroom. You can get some great low flow showers and taps that use a lot less water. You should also install a low flow toilet that uses less water with each flush. These simple additions will help to make your home more eco-friendly and increase the value.
Another simple way to make your home more eco-friendly is to put some better insulation in the walls and the roof. Some homes, especially older ones, waste a lot of energy through lost heat. That means it’s harder to keep them warm so they’re not as eco-friendly and you will be spending a lot more money on your heating bills. Putting new insulation in the walls can be quite expensive but you will earn that money back over time through cheaper heating bills and the value of the home will go up. Installing insulation in the roof is quite a bit easier and cheaper and you can probably do it yourself, but it will still make a big difference.
Double Glazed Windows
If you live in an older property and you only have single glazed windows, upgrading them is the first thing that you should spend your money on. Single glazed windows let out a lot of heat so even if you install better insulation, your home will not be very efficient at all. People come to expect double glazed windows in any property these days so not having them seriously affects the value. Noise is a big problem in houses with single glazed windows as well, especially if you live near a busy road. Upgrading all of your windows can be quite expensive but it will add a lot of value to your home so it’s definitely worth doing.
Having a space to park a car immediately adds value to your home. If you have a garage, that’s a big selling point because it gives people more security when they park their car and it’s also a bit of extra storage space. But if you don’t have a garage and you can’t get the planning permission to build one, that can be a big problem for you. Some people simply can’t afford to build a garage either. If that’s the case, you should look at carports instead. A carport is so much cheaper to build than a full garage and it still gives people a safer place to park their car and protect it from the elements.
Decking And Patios
The outdoor space in a property is very important and the right garden can increase the value of your home a lot. Size is a big factor and if you have a large outdoor space, your home will be worth a lot more money. But people are also interested in the maintenance of the garden and how they will be able to use it. If the garden has a huge lawn and lots of plants, that isn’t always great because it’s a lot of work. People may think of it as a burden rather than an asset. What you really want is a large garden that is easy to maintain.
The best way to achieve that is to replace part or all of the lawn with decking or patio instead. By doing this, you take away a lot of that maintenance and you create a nice area where people can sit on a hot day or entertain guests. Decking is great if you want a more natural look in the garden and it’s often easier to install because you don’t need to dig into the garden. It’s especially good for gardens that are not very level because installing a patio can be a bit difficult. The only downside is that it needs more work because if you don’t stain it properly every year or two, the weather will wear it down and it can start to rot.
The main benefit of a patio is that it’s very low maintenance. Once installed, you don’t have to worry about it. You may get some weeds growing up through the cracks but they are easily taken care of with some good weedkiller. If your garden is relatively flat, a patio is probably your best option.
If you have a larger garden, it’s a good idea to split it up and put decking or patio on one half and leave the lawn on the other. This gives you distinct areas of the garden that can be used for different things, so you create a multi-purpose space that is more desirable.
If you are worried about the money that you are spending on your home, it’s best to choose one of these home renovation projects that will add value to the house.