Increasing your home’s value is an ongoing job. Every so often you have to renovate to keep up with the times and the technology, and there are so many ways in which you can make a change for the better! But can you make a profitable difference with a few simple jobs as well? Yes! If you want to increase your home’s value by up to 15% this year, you can use any number of the impactful innovations below that so many people forget about.
Add in Under-Stairs Storage
Storage is always a prime contender amongst the buying market, and never is that more true than when it comes to under-stair space. Usually this consists of a cupboard or an alcove, and turning this into a functioning storage unit will make your house a hit if you ever decide to sell it. Indeed, under-stair storage can add at least 5% extra value to your home’s current price, and it’s also just a nice way to make use of that negative area that can ruin the look of a hallway.
Replace the Garden Fence
The fencing in your garden makes a huge impact on the way your backyard looks and on the overall security of your property. And because of that it’s such a huge surprise that it’s left off of the renovations list all the time! But you can make a difference in your home’s value by nearly 20% if you change the fencing for something more taller and more durable. A bit of privacy is all the rage on the market these days.
Use Underfloor Heating
Underfloor heating is a great way to do away with any radiators in your home, which not only frees up wall space, but also makes your rooms look more attractive. Sometimes listed as a ‘luxury feature’, underfloor heating goes a long way to making your interior space more cozy and functional. Getting it installed across your entire house can cost less than $5000, but it depends on just how many rooms you want to heat. And when you look at a 15% return in house value against that price tag, it doesn’t seem so high!
Restore the Fireplace
If you’re living in a home that’s been around long enough to have a period fireplace installed, it’s time to get it seen to by a professional! Fireplaces that have all their original elements still attached can help a home sell for an extra 5-8%, depending on the overall age of the property, and that’s an incredible amount of money for just one little fireplace. If you don’t have a fireplace at all, this could also be your sign to get one fitted, even if just for appeal purposes – they’re great focal points for rooms.
If you want to increase your home’s value without breaking the bank, keep these rare renovations in mind for your next project. They can make a real difference to both your eyes and your bank account!