Upgrade to Energy-Efficient Features and Devices. Invest your money in your kitchen and bathroom. Finish your basement or other unfinished spaces. Clean and tidy before showing your house.
A report found that 67% of people are more inclined to see a house if the garden is up to par, as it means less work and better views. Surveying 3,400 people, OnBuy's garden furniture sector (opens in a new tab) presented images of 20 similar-looking houses with different floors in the front garden and asked respondents to rank homes from most to least desirable. In second place are lilies; these low-effort flowers caught the attention of 71% of potential buyers, who think they make the exterior of a home more attractive. The flowers return year after year and require minimal care, so they are definitely worth planting.
The report, which surveyed more than 1,000 homeowners, also reveals the top 10 green approaches homeowners are tackling, and the number one improvement is simply installing smart lighting, energy-efficient LED bulbs that can be automated and controlled through an app. Nearly a third (31%) are making this style of lighting their priority with their home improvements, with upgrading to green appliances and double glazing next on the list, followed by domestic chargers for electric cars and improved insulation. Founded in 1976, Bankrate has a long history of helping people make smart financial decisions. We have maintained this reputation for more than four decades by demystifying the financial decision-making process and giving people confidence in what steps to take next.
Timothy Wiedman, a former teacher and personal finance expert who has turned houses over his career, says you should start by repainting any room with a “strange color scheme”. For example, did you let your then 11-year-old daughter paint her bedroom hot pink 16 years ago? If so, it's a good place to start. If you are planning to list your home for sale and want to increase its value, staging the home may be worth it. Eighty-five percent of ready-made homes sell between 5 and 23 percent of list price and are recalled in just 23 days, according to the Real Estate Staging Association.
If you need to borrow a small amount of cash for your home improvement plans, you may be able to skip the loan and opt for a 0% APR credit card instead. Many cards don't have interest payments on balances for up to 18 months, which can be ideal if you have a smaller scale project in mind. A credit card can also work well if you can pay your contractor with it. If you want to climb the property ladder to your dream home, you need to know how to maximize the value of where you live now.
Here are 10 of the best ways to add value to your property. All values quoted are statistical evaluations and are not guaranteed. Transforming an existing warehouse into a living or storage space can increase the value of a property by up to 30 percent, as long as the construction cost per square foot is less than the price per square foot of the area. It's easy to get overwhelmed by a project of this size or spend more than you need, so we've broken the process down into manageable parts.
In Part 1 of our series on Adding Value with a Basement, we discuss the rules and regulations that will affect your construction. In Part 2, we took a closer look at how to make it safe and fit for purpose. A single-storey side return extension will generally be classified as an allowed development, provided it meets certain limits and conditions. For example, it should not be more than 4 m in height and not more than half the width of the original house.
An additional bedroom can add up to 15 percent to the value of your home, especially if it's a loft conversion with an en-suite bathroom. Most lofts can be converted, but it's worth having an architect or builder check before starting. In addition to a built-in grill, outdoor kitchens often include features such as cabinets, a bar counter, a sink, standard kitchen appliances, and sometimes a flat-screen TV. Whether you're planning to sell your home or just want to enjoy it more while living there, it's important to consider how you'll pay for these value-added projects.
As a result, adding a bathroom, large room, or other necessary space to a home can increase functionality and add value. A cost-effective change, such as replacing an outdated vanity, old plumbing and lighting fixtures, or adding a new tile floor, will guarantee a big profit for your money and give your bathroom an updated, modern look. Following Bankrate's analysis of the most popular decor designs and hundreds of home prices on the online real estate platform Zoopla to determine which style of interior design adds the most value to your home, Scandinavian style was declared the most popular. In addition, regardless of which option you choose, interest may be deductible if you use the money to make eligible home improvements.
Adding a greenhouse to your home is considered a permissible development as long as it meets several limits and conditions, but do not forget that building regulations are a separate matter. Energy Efficient Mortgages (EEM) allow borrowers to take on additional debt to cover both home purchases and energy efficiency improvements. Adding a separate suite for mothers-in-law can also be a smart idea, Ross says, noting that “most homes don't have this feature, so adding one differentiates you from the competition when it comes time to sell. For example, let's say you want to add a mid-range bathroom with a pretty nice sink, shower, and toilet.
Decorating is also a cost-effective way to make your home feel fresh and modern and to add value during the sales process. While smart technology doesn't always increase home value, it does add appeal, Tavia Galvin, a licensed real estate agent in Arvada, Colorado, said in an email. . .