How Investing Money in your Home Can Increase Its Value — Budget Wise Home

How Investing Money in your Home Can Increase Its Value

Hi friends!  This is a sponsored post written by Adam Taylor on behalf of Bathrooms.com.  Thanks for supporting the sponsors that help me keep things running here at BWH.

 

Many people would love to increase the value of their home. If you’re serious about
doing this then it definitely helps to invest some money in the building, as this can
make a significant difference to what your home is worth. Read on to find out about
some of the best ways to increase the value of your home through investing money in
it.

Get a loft conversion
One of the best investments you can make in your home is a loft conversion. In some
areas of the country, it can add as much as 20% to the value of the building. Loft
conversions can be used for many purposes, such as an extra bedroom or a study
depending on your needs. This means it could be a really practical addition to your
house that benefits you and your family as well as the value of the property.

Renovate the bathroom
Bathrooms are another area of the house where it definitely pays to invest. If you are
looking at bathroom suites, it can be a good idea to go for something fairly neutral
in terms of color, as this makes them more appealing to potential buyers. You can
also get some fantastic bathroom furniture, such as cabinets and cupboards, which
add valuable extra storage space and are very attractive to many people who might be interested in buying your home in the future.

Consider planning permission
Even if you aren’t planning to extend your property while you are living there, it can be a good idea to investigate the possibility of getting planning permission for doing so anyway. For instance, many people who buy houses are interested in the potential to extend them in order to add extra living and bedrooms. If your house is sold with planning permission then this can make it more valuable to the people who are interested in buying it. Having planning permission for an extension means that a lot of the hassle is removed from the process in the future, as well as showing off the potential of your house.

Upgrade plumbing and electrics
Another good investment to make in your house is an upgrade to your plumbing and electrical systems. Modern, high quality plumbing and electrics are not only attractive to buyers and therefore beneficial for the value of your house, but they also make your house much safer and more efficient. This means upgrading your systems can be something worth doing even if you’re not interested in selling the house.

Get a garage
Finally, if your property doesn’t already have a garage, it can be a good idea to build one if possible. Garages are especially attractive to people looking to buy houses in crowded urban areas. If you have a double garage, it can add as much as 15% to the value of the property and so this is definitely an investment worth considering even if you don’t plan to use it yourself.

Overall, while investments by nature cost you money up front, if you are careful about what you spend and where you spend it, any investments you make in your home should more than pay off in the long run.

Comments

  1. Awesome info!!! Thank you so much for sharing, I love your blog!! :)

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