We have looked at simple, low-cost solutions to add value to your property. Now let's look at larger projects you can do to increase the value of your property.
Five excellent options to add significant value to your property:
1. The Basement:
Building out your basement is one of the most surefire ways to increase the value of your property as well as adding a decent amount of square feet to the overall usable area.
Basement works can be quite involved, and they sure do get dusty. However, it is a great space to build a family room or build out a great kitchen that opens up to the garden.
To make this easier, look for examples in your area of what others have done, this will give you clues as to what you will likely be allowed to do and give you some good and bad examples of what to do and perhaps, what not to do.
2. The Loft:
Loft extensions are fantastic for adding a bedroom or two. Some examples I have recently seen have created fantastic master suites with walk-in dressing rooms and en-suite bathrooms. Something which is often missing in Victorian-era homes in London. With these types of extensions its well worth finding examples in your area that have set a precedent for loft extensions and changes to rooflines as some councils can be very particular about them. It is important to make sure that the staircase leading to the addition is well planned and comfortable to use, do not leave it as an afterthought.
3. The Conservatory:
Extending your back room out into the garden is a surefire way to create a beautiful open plan family room and kitchen area that opens up to the garden for easy access and a lovely outlook. These extensions can be done in hand with a kitchen remodel to bring the rear of your house into the 21st century. Several companies specialise in these types of additions with varying styles, from very quaint Victorian styles to very minimalist and modern styles. Find which best compliments your home and your style.
Victorian houses have far too few of these, and they are almost never en-suite. If you can create an additional bathroom without loosing too much space in another room, it can be a very worthwhile investment. Having a private and more personal space for the master suite is very sought after by most buyers.
Updating bathrooms to a modern standard in the existing spaces is another excellent way of adding value. This is achieved with a refresh of tiles, fittings and sanitaryware. Well worth the time to run underfloor heating and larger heated towel rails, also adding electrical outlets where possible. (please update those noisy old extractor fans)
5. The Kitchen
My favourite room in the house. Moreover, ask any good sales agent, and they will tell you, kitchens sell homes. Updating a kitchen can be a big project. However, it is worth it. Having a kitchen that is well thought out and functional, and that looks good as well will do wonders for the value of your property. Put in high-quality serviceable appliances that are of usable size. A 4 bedroom family home will not be well served by a slimline dishwasher or compact oven (unless you never cook, then this project is all about aesthetics)
Find a respectable kitchen manufacturer that serves your area of the city and use their guidance and advice (Stick to your guns on budget unless you were way off the mark. Then either go to a more affordable company or change your budget)
With all these options, keep your spending in check, don't spend so much money that your "price" your home out of the neighbourhood. It is incredibly difficult to sell a home that is the most expensive in the community and usually takes considerably longer to sell than the average selling time for the area.
Where planning is needed, and these days for most everything it seems it is, get a competent planning consultant involved. They will make your life significantly more fun than if you were to try and push your planning application through without any experience and knowledge of the process.
Interested in discussing these options further, please feel free to contact me.