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Ways you could add value to your home
🕑 5 minute read
Whether you’re skilled at DIY or prefer to leave plastering to the professionals, we all feel the need to rejuvenate our living space.
If you’re planning to sell, you might be considering renovations to help raise the asking price of your property, so you have more money for the move.
By adding extensions or installing a new bathroom, you could be raising your property’s value. Even if you’re not planning to sell right now, but might want to in the future, it’s handy to know the most valuable renovations.
There’s no guarantee that a renovation will add value to your home – you could end up spending more on the work than the value it adds.
Why add value to your home?
Making improvements is a good way to make your property more desirable, increasing the chances it will sell for more.
Even if you don’t plan on selling anytime soon, raising the value of your property increases your equity, which could be useful if you remortgage.
Home improvements don’t have to be large, expensive projects either. For every new kitchen or bathroom, you could be giving things a fresh lick of paint, or changing the carpets.
Of course, making home improvements doesn’t always guarantee a more valuable home. It’s important to make sure you do things to a high standard, so finding the right builder is also vital.
10 ways you could add value to your home
Applying for planning permission
To make many of the adjustments listed above, you’ll likely need planning permission.
You might even need to get several parties to sign-off on your plans, depending on the scale of your changes. Planning permission can involve local authorities, such as the council, and in some cases, even your neighbours.