How do I add value to my home?
18th May 2023
When it comes to homeownership, maximizing the value of your property is often a top priority.
Whether you're planning to sell in the near future or simply want to invest wisely in your home, understanding the factors that add the most value is crucial.
Which home improvements add the most value to my home UK?
In the UK housing market, several key elements contribute significantly to a property's worth. In this blog, we will explore the top factors that can enhance the value of a house in the UK.
1. Location, Location, Location
In the UK, location remains one of the primary drivers of property value. Proximity to amenities such as schools, transport links, shops, and parks is highly sought after. Properties situated in desirable areas, such as city centres or near picturesque landscapes, tend to command higher prices. Additionally, the reputation and safety of the area can influence a property's worth. Investing in an attractive location can yield substantial returns, making it a top consideration for homeowners.
2. Size and layout
The size and layout of a property play a significant role in its value. Larger homes with ample living space, multiple bedrooms, and bathrooms generally attract higher prices. Open-plan layouts and well-designed interiors are also appealing to buyers, as they create a sense of spaciousness and functionality. Considerations such as storage space, the presence of a garden or garage, and flexible living areas further enhance a property's value in the UK housing market.
3. Energy efficiency and sustainability
In recent years, the emphasis on energy efficiency and sustainability has grown significantly. Buyers in the UK are increasingly concerned about environmental impact and seek homes with lower energy bills. Installing energy-efficient measures such as double-glazed windows, insulation, and energy-efficient appliances can add value to a property.
Having double glazing can reduce heat loss in your home by as much as 94 per cent.
Our A-rated windows come with Super Spacer and low E glass, and the insulating properties of our thermally efficient spacer bar are such that they can reduce heat loss by a staggering 94 per cent.
Renewable energy sources like solar panels are also attractive features. Certifications such as EPC (Energy Performance Certificate) ratings that highlight a property's energy efficiency can positively influence its market value.
4. Home improvements and renovations
Undertaking strategic home improvements and renovations can substantially increase a property's worth. Kitchen and bathroom renovations are popular choices, as they tend to yield high returns on investment. Updating outdated fixtures, flooring, and appliances can also significantly enhance a property's appeal. Adding extra living space through extensions, loft conversions, or conservatories is another effective way to increase value, as well as giving you a whole extra room.
5. Kerb appeal and outdoor space
First impressions matter, and curb appeal greatly influences a property's value. A well-maintained exterior, attractive landscaping, and a welcoming entrance can make a substantial difference. Investing in external improvements like repainting, repairing the roof, and enhancing the front garden or driveway, and updating your front door to a secure and attractive entry point to you home can significantly boost a home's desirability and value. Additionally, the presence of outdoor space such as a garden, patio, or balcony is highly sought after by many UK buyers, further increasing a property's market value.
Conclusion
In the competitive UK housing market, understanding the factors that add the most value to a house is essential. Location, size, layout, energy efficiency, home improvements, and kerb appeal all play crucial roles in determining a property's worth. By focusing on these key factors, homeowners can make informed decisions to maximize the value of their homes. Whether you plan to sell or simply want to enjoy a more valuable property, investing in these areas can prove beneficial in the long run.
Enquire with EYG about making your home improvements by clicking on our free quotation form here, or by calling Freephone 0800 181 888.
