From relatively small and simple changes to larger renovations, there are many ways you might be able to add value to a home.

It’s important to remember that there are no guarantees, and an expensive renovation might not add more value than the work itself cost.

Here’s some of the top ways to increase the value:

Redecorating

Redecorating could be one of the simplest and cheapest way to increase your house price. Painting walls, repairing floorboards, fixing door latches and dripping taps can all get sorted with little fuss. Hire a local professional to take care of the painting, if you don’t have much experience.

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Updating the garden

A tidy, attractive garden will add value and improve your property’s appeal to prospective buyers. Consider adding privacy with new fences and planting trees. Decking can make a garden look smart, as can a well-maintained lawn.

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New doors and windows

Doors and windows can date a property as they can fall down the list of priorities. But when it comes to selling and/or getting a valuation, they’re an effective way to add some value. Take a look at houses nearby that have new doors or windows or take a look online for inspiration.

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Heating system

Older houses may have out-of-date heating systems and an old boiler. This can be off-putting for buyers, due to the cost of a replacement. A new boiler can add value to your property and put the mind of a potential buyer at ease.

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Improving the energy efficiency of your home can also add value - and save money on bills. For example, installing insulation or solar panels could make your home a more attractive proposition.

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Add an extension

If you can afford to do so, adding an extension could raise the asking price of your home. There’s no guarantee that an extension will raise the value of your property – and the construction work could end up costing more. Property prices can fluctuate over time.

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This is a significant renovation and it can be expensive to fund an extension. You may need planning permission too.

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 Build a conservatory

Providing it’s designed, built and integrated into a property correctly, a conservatory can add far more value than it costs. But if it’s done wrong, or clashes with rest of the property, it could actually lower the value.

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Update the kitchen

You needn’t replace your entire kitchen in order to add value – modest changes can help too. Consider if space is used wisely, how clean and spacious it looks. Repainting or replacing unit doors, new floor tiles and better lighting are all good options. Also practical changes, like a new oven or hob, could make a big difference.

Source Halifax Website January 2024

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