It’s no secret that home renovations can give your home a boost in value. However, knowing which DIY projects will reap the most benefits is tricky.
If you’re flipping a property or selling up in the next few years, being selective about what you renovate is always a wise choice. Some renovations are worth more in resale value than others.
Four Ways to Attract Potential Buyers With Renovation Projects
If you’re looking for ideas on what renovations will add the most value to your Hackney home, here are Amar Mustafa - The REAL Estate Agent’s top four choices based on UK demand.
1. A Conservatory
Conservatories have always been popular with UK buyers. They add more living space and can sometimes even boost the amount of natural light that spans across the downstairs of your home. By choosing to install a double-glazed or solar-controlled glass conservatory, you could easily add value to your home.
Plus, the good thing about conservatories is that they can extend the square meterage of your home, without you having to pay for a costly extension. It’s a cheaper solution that can easily pay for itself if the market is there for it.
2. A Loft Conversion With a Bedroom En-Suite
It’s no secret that the more bedrooms you have, the more value you can add to your home. If you add an extra bedroom with an en-suite bathroom to your loft, you can boost your home’s value up into the next pricing tier. Some loft conversions can even add as much as 15% to the valuation estimate according to the Federation of Master Builders.
3. A Garden Office
Since the number of people working from home is still on the rise, installing a home office in your garden could be one of the best renovation ideas for your property. Summer houses that are properly installed as productive home offices can cost anywhere between £5,000 and £20,000 according to HomeHow. But the value this extra space could add to your home could be well worth the investment!
4. An Open Plan Kitchen-Living Space
Open plan kitchen and living rooms can be a simpler DIY project than it sounds. If all you need to do is knock down the wall that separates your two main spaces, you can add value to your home without needing to extend it.
Just make sure you always seek advice from a professional before taking down walls. The last thing you want to do when you’re thinking of selling is to make your house structurally unstable!
Thinking About Resale Value?
If you’re thinking about the resale potential when renovating your home, we’d love to talk to you! Amar Mustafa - The REAL Estate Agent is your local estate agent in Hackney and I am are here to help. Whether you’re selling up right now or in the future, I can help get your home ready for buyers in Hackney.
Give me a call today on 020 3150 5007 or email at amar@therealagent.co.uk for a chat about which renovations can add the most value in your area.
In the meantime, I've answered some of your most common questions about renovating your home.
Frequently Asked Questions About Home Renovations
Will all renovations increase my home's value?
Not all renovations are created equal! While some projects like loft conversions add significant value, others may not. Consider focusing on projects with broad appeal like extra bedrooms or a modern kitchen.
What about smaller, budget-friendly projects?
Absolutely! Simple DIY projects that improve kerb appeal or modernise your bathroom can also add value. Upgrading fixtures or giving your front door a fresh coat of paint can go a long way.
Should I consider building regulations or planning permission?
Always consult a professional before tackling major renovations! Certain projects may require planning permission or adherence to building regulations to ensure structural integrity and safety.
Are there alternatives to costly extensions?
Yes indeed! Consider converting your loft or garage into usable living space. A well-designed conservatory can also add square footage without the cost of a full extension.
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