London is one of the most coveted locations to live in the UK, meaning it’s an ideal place to make a profit from your property. Read on for seven ways to make your property stand out from the crowd…
Are you wanting to add value to your home to live in it? Or are you hoping to sell the property for a lot more money than you initially bought it for? No matter your intentions, there are several ways to add value to your home.
If you’re looking to sell, working alongside a London conveyancing solicitor should be the top of your priorities. That being said, there is plenty of work that can be done before arranging an initial appointment. In this article, we’ll discuss some key decorating and renovation ideas to ensure you’ll make a profit from your property.
7 Ways to Add Value to Your London Home
Add Kerbside Appeal
The first thing you should do to make your property stand out from the rest of the competition is to give it some roadside appeal. By this, we mean you need to be taking some pride in the outside appearance of your home.
Refreshing the front of your house is one the easiest ways to attract attention and add value to your property. It’s honestly as easy as giving the outside a new lick of paint, replacing the front door, and making sure all of your windows are in good condition. Add some cliché hanging baskets and foliage to the front of your house, and you’re on to a winner.
Extend Your Kitchen
One of the current things potential buyers are looking for in a new home is a spacious kitchen area. After all, who doesn’t love a large island worktop to eat your breakfast from? They’re one of the most sought after features of a modern home, thanks to their light, spaciousness, and versatile design.
Where possible, try to extend your kitchen to give yourself as much space as possible. If you’re finding it difficult, consider knocking down a wall to create an open plan living/kitchen area.
Combing your living and kitchen area not only makes the space look bigger, but it makes the room more inviting to hang out in – particularly when you host a party!
Convert a Bedroom into an Office
According to Sky News, the number of people working from home in the UK is more than double because of the pandemic, with many desiring their own home office space.
If you’ve got the room, why not turn one of your extra bedrooms into an office to make your home more versatile, and working from home more inviting. Alternatively, if you’re stuck for space, some homeowners have even been converting their wardrobes and cupboards under the stairs into a compact office space.
Try to Create Some Outdoor Space
Finding a house or flat with a garden in central London is like finding a needle in a haystack. So, if you’re lucky enough to have the outdoor space, make sure you take advantage! The value of your property is bound to increase if you have an area to relax outdoors, or a balcony to chill out on in the evenings.
If you have a patio, but not a garden, why not get creative with your outdoor space and invest in an assortment of plants and brightly coloured garden furniture. The more appealing your outdoor space looks, the more likely it is that the value of your house will increase.
Re-Lay Your Carpets and Floors
There is nothing worse than when you walk into a house and the flooring is filthy. Unfortunately, dirty carpets will only decrease the value of your home and leave potential buyers wanting to look elsewhere. With that in mind, consider relaying all your carpets to get rid of any unwanted stains and spillages.
Invest in Solar Panels
Though this is probably one of the most expensive suggestions on the list, it’s something that could see you save a great deal of money in the long run – if you decide to stay living in the house.
Climate change and the environment are top of the news agendas at the moment, meaning that installing solar panels onto your roof could be a great unique selling point. What’s more, laws around sustainable living are bound to tighten after the COP26 summit, so why not get ahead of the game and be the first resident on your street to make a change?
Upgrade Your Heating System
With winter fast approaching, it could also be a good idea to upgrade your central heating system. Buyers nowadays are keen to have modern and up-to-date utilities, including their boiler and radiators.
As mentioned in the paragraph, sustainability is at the forefront of many buyers’ minds, so it’s worthwhile investing in a quality central heating system. In addition to this – if you’re anticipating a bigger renovation project – consider reinsulating the house, rebuilding thicker walls, and replacing all the windows with double-glazing ones.
Have These Suggestions Inspired You to Add Value to Your London Home?
In this post, we’ve discussed some ways to make the most of your property. Though we’ve come at it from a predominately renovate-to-sell point of view, there’s no reason that you can’t invest time and money into your home to live out the rest of your time there.
After all, if the pandemic has taught us one thing over these past few years, it’s that it’s important to love the space you’re spending so much time in. Good luck with your renovations!
Please be advised that this article is for general informational purposes only, and should not be used as a substitute for advice from a trained property professional. Be sure to consult a property or financial professional if you’re seeking advice about adding value to your home. We are not liable for risks or issues associated with using or acting upon the information on this site.