When it comes to adding value to a home, most people automatically think of big, expensive projects like a conservatory or an additional bedroom.
While these will undoubtedly add value to your property in Tower Hamlets, it’s not always as much as people think, and in some cases, it can be far more budget-friendly to repurpose an existing room than to build a whole new one.
Which Home Improvements Add Significant Value?
Below are nine of the best room upgrades you can carry out to add the most value to your property in Tower Hamlets.
1. Upgrade The Radiators
The heating system is an essential part of every home, and it’s vital to have radiators that emit enough heat.
Therefore, it may be a good idea to upgrade your radiators, perhaps getting bigger ones that will heat the room more effectively or ones that can double up as a towel rail for example. A stylish radiator can also improve the appearance of a room and become part of the design.
2. Add a Kitchen Island
If you have the space to add one, then a kitchen island can be worth its weight in gold.
Not only can it create an extra seating area, but it can also provide additional storage space for pots, pans, and appliances. And when it comes to kitchens, you can never have enough cupboard space.
3. Install An En-Suite
Although en-suite bathrooms are more common than they used to be, there’s still an element of luxury about them, and many buyers now see them as a must-have.
Despite being one of the more expensive room upgrades you can opt for, they can be a very worthwhile investment when it comes to selling your property.
4. Create a Walk-In Wardrobe
If you’ve got enough space in the master bedroom then a walk-in wardrobe is an ideal way to add value.
It also adds a touch of luxury and uniqueness to a property, which can help it stand out when the time comes to sell.
5. Build a Loft Conversion
This is probably the most expensive option on the list, but it may give your home the biggest boost in terms of value.
Any way that you can use existing space to make it more effective is likely to have a positive impact on your property’s value, and converting the loft to make an extra room is a prime example.
6. Convert The Garage
A garage conversion is another of the more expensive options, but again it’s one of the more effective ones.
If you already have a driveway and your garage is being used for storage then conversion to another room is a great way to make it work better for you.
It’s also likely to be a big positive for any future buyers, given the significant increase in people working from home in recent years. In many cases, a home office is of far more use than a garage for buyers.
7. Replace The Windows
If your windows are damaged or drafty then it’s worth having them replaced solely for the fact it will make your home warmer. The added benefit is the savings you’ll make on heating bills as your home is doing a better job of keeping the warmth in.
Add in the fact that new windows can be a key selling point for buyers, and you’ll find that this is a great way of adding value to your home. A lot of buyers will have used most, if not all, of their savings on buying the house, so any big, expensive upgrades like new windows or a new boiler are a way of attracting potential buyers who won’t have that extra cost to consider.
8. Add a Fireplace
Adding a fireplace can be an inexpensive, attractive way of boosting your home’s value.
It’s the sort of feature that can make a home feel cosier in the winter months, and it can make a great centrepiece in the living room. Compared with other room upgrades, it’s quite a reasonably priced and cost-effective way to boost the value of your home.
9. Install a Shower
Homes traditionally would only come with a bath! But in today’s world, a shower is essential, particularly for people with little time on their hands to take a long soak.
Adding a shower above the bath can be quite a simple, inexpensive job if you have a tiled bathroom already in place. If not, it becomes a little more expensive, but it’s still a great add-on for potential buyers when they come to view, and it boosts a property’s value.
You may also be interested to read: 7 Essential Tips That Can Help Sell Your House
Let Our Team of Experts Help
Homemovers in Tower Hamlets often ask us “what improvements will increase the value of my home?” and our team at City Realtor know exactly how to answer this!
Call us on 0207 790 7702 or email admin@cityrealtor.co.uk to find out the best improvements you can make to your Tower Hamlets property.
In the meantime, we’ve answered some of your common questions about home improvements.
Frequently Asked Questions About Home Improvements
What home improvements offer the best return on investment?
Kitchen and bathroom renovations are generally considered to offer the highest return on investment. However, other improvements, like adding a garage conversion or enhancing kerb appeal, can also increase your home’s value.
How much should I spend on home improvements?
The amount you should spend depends on your budget and the potential return on investment. Consider the average property prices in your area and the likely impact of improvements on the selling price.
Do I need planning permission for home improvements?
The planning permission requirements vary depending on the type of improvement. Extensions, structural changes, and certain external alterations may require planning permission. It’s essential to check with your local planning authority.
Can I do home improvements myself to save money?
You can potentially save money by doing some of the work yourself, but it’s essential to assess your skills and consider the complexity of the project. Hiring professionals for specialised tasks like plumbing or electrical work will ensure quality and safety.
Ready to Sell Your Home – What Next?
Not on the market yet? If you’re thinking about selling, our team at City Realtor is here to help. Contact us today on 0207 790 7702 or email admin@cityrealtor.co.uk to arrange a free valuation.
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Good luck if you are buying a home, or considering putting your property in Tower Hamlets on the market. We’ve answered your FAQ’s here and we’ve answered some of your common questions about sprucing up your home for viewings below.
