Ways you could add value to your home

There are many benefits to adding value to your home. We can help you understand what they are.
 

 

Even small changes can add value

Home improvements don’t have to be large expensive projects.

Adding value to your home can be as simple as a tidy garden, fresh paint or just clearing out some clutter.

If you’re planning to sell, think about how much you are spending versus the increase in value. It may save you time, effort and money to reflect the changes needed in the selling price.

If you want to increase the value of your property, think about whether the changes are going to appeal to buyers. Bold colours or changing a bedroom into a dressing room, may limit interest. 

The best ways to add value to your home

A survey of builders and estate agents done by the HomeOwners Alliance, the most popular home improvements that add value to your house are:

  • Open plan kitchen, diner, living room.
  • Garden rooms.
  • New kitchen.
  • Downstairs toilet.
  • En-suite bathroom.
  • Nice garden for outside living.
  • Parking.

The benefit to your mortgage

Other than the obvious benefit of selling your house for more than you bought it for, there are other advantages of increasing its value.

Loan to value

Loan to value (LTV) is the percentage of borrowing you take out against your home. If you remortgage, lenders will look at your LTV when they decide if they’ll accept your application.

A low LTV can mean less risk for the lender. Not only will this support your mortgage application, but it will also help you get a lower mortgage rate.

Find out more in the Homes space of our app.

Mortgage in your pocket

Increases equity

Mortgage equity is the difference between what you owe on your mortgage and the current value of your property.

Increasing the amount of equity in your home could help you. You could buy a more expensive home in the future, use the profits from the sale to buy another home, pay off debts or invest it.

Understanding equity

Eco-friendly home improvements

Reduce your energy expenses with these home enhancements.

Eco-friendly home improvements

Reduce your energy expenses with these home enhancements.

Heat pumps

An energy efficient way of heating your home and reducing your energy bills.

More about heat pumps Heat pumps

Solar panels

Solar electricity is a clean and renewable energy source, which could help lower your energy bills.

More about solar panels More about solar panels

Insulation

Insulation keeps your home warmer in winter, cooler in summer and could reduce your energy bills.

More about home insulation More about home insulation

Switch and borrow more

Thinking about borrowing more on your mortgage and switching to a new deal? We’ve made it a little easier.

If you have three months or less left on your current deal, or your previous deal has already ended, you can switch to a new deal and apply to borrow more online.

See all the latest Halifax deals that are available and choose the one that suits you best. Answer a few simple questions and get a decision in around 15 minutes.


Switch and borrow more


Lending is subject to application and an assessment of your circumstances.

You could lose your home if you don’t keep up your mortgage repayments

Planning permission and building control

These are important when you are making a major change to your property.

If you’re starting a project without the right approvals in place, you may need to demolish or reverse the work. Without building control, you could damage the structural integrity of your property.

 

Understand more about building control

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Your mortgage in your pocket

The simple way to keep track through online banking and the mobile banking app.

Manage your mortgage

Move or improve

We can help you to weigh up all your options and understand the costs before you decide.

Move or improve

Maintaining your home

If you don’t have grand plans for your home, it’s still important to stay on top of the smaller jobs.

Home maintenance

Thinking of improving your home?

If you love where you live, let us help you make the most of it.

We have useful tips on what to look out for when you are doing home improvements and some options to pay for it.

Home improvements

Thinking of improving your home?

If you love where you live, let us help you make the most of it.

We have useful tips on what to look out for when you are doing home improvements and some options to pay for it.

Home improvements