Your home is your investment, and for this reason, you need to do everything you can to maintain its value. The best way for you to do this would be for you to renovate it so that it reaches its maximum potential.
Convert the Cellar
Transforming the cellar that you have right now into a living or even a storage space can significantly boost the value. In fact, if done right, it can increase it by over 30%! Converting the cellar isn’t a complex job and you won’t need to apply for planning permission either. If you don’t have a cellar then you can dig down to add some square footage to your home. You will need to hire a structural engineer and you will also need to hire an excavation expert too, but when you do you will at least know that the job has been done right.
Convert the Garage
Converting the garage can add up to 15% to the value of your home. If your garage isn’t being used to store a car then it could make sense for you to use it as a living space. The first thing that you need to do is make sure that the garage is suitable for a conversion. You also need to find out if you need planning permission too. A garage conversion can also be subject to building regulations too, as it’s important to make sure that it is structurally sound. You can contact your local authority to find out more about this. If you are concerned about the cost of converting your garage, then it may be worth you looking into a refinance home equity loan.
Extending the Kitchen
If you want to add even more value to your home then why not think about having a side return added onto your kitchen? A side return is an alley that runs alongside the kitchen. It will give you way more space and it will also improve the layout in a lot of cases too. A single-story side return will usually be classed as being a permitted development, but you do have to make sure that you meet certain limits. You may also need to comply with building regulations too. Your work will be inspected at various stages, and you will even be given a certificate at the end to show that it has been done properly. If you are thinking about getting a side return added, then take note that you may lose out on window space.
An extra bedroom can boost the value of your home by over 15%. This is especially the case if your loft conversion happens to have a bathroom as well. When you start planning, you need to make sure that you understand the various types of conversions that are available. You can then choose which one is the most effective for you. Some conversions will need planning permission but that being said, it’s very easy to obtain and the job can be done without too much expense.