So we thought about continuing to jump on the ‘New year, new…’ bandwagon with a second blog this month to share a similar title – but our editors just couldn’t face it. Because we’re better than that.
While pondering the notion of being ‘better’ we felt this could be the perfect time for some tips around the improvements you can make to your home, which will increase its value should you ever decide to sell your house.
Before diving straight into contracting someone or even buckling-up your tool belt to carry out some DIY, make sure the improvements you carry out are actually going to add value to your home. And if you’re contemplating a spot of DIY, be careful as DIY disasters can be very costly.
A home is only ever worth what someone is willing to pay for it, so there’s always a degree of personal preference involved.
However, safe bets would include redecorating using neutral tones, adding hard flooring, remodelling a kitchen, adding an extra bathroom if you only have one currently), re-purposing a room to become a study, adding energy-efficient windows and adding a decking area to your garden – these are what we’d describe as being universally attractive to any buyer.
If you plan on moving in the next couple of years, don’t invest thousands of pounds in home improvement projects that won’t increase the resale value of your home. Because uber-luxury really doesn’t appeal to budget-minded buyers.
Some examples of projects that, whilst being lovely to have, would not be cost effective in such cases include; indoor swimming pools, whirlpool baths, sunrooms, garages and expensive landscaping.
One final point, if you live in a location near highly regarded schools – make sure that it’s clearly highlighted when you market your home. Parents in parts of the UK are willing to pay a premium to move to a property within a desirable school catchment area [Guardian, September 2015].
In some cases, parents have either bought or rented a new property in order to secure an address within their desired school catchment area, paying, on average, an 18% premium for the privilege.
Still unsure where to start? The Sainsbury’s Bank have created this great and easy to digest Home Improvements Guide that’s full of pointers and useful tips!Back to all articles