The property market has seen a soar in prices in recent years, with more buyers than properties making the demand even bigger.
Hence, if you are thinking of putting your home on the market, now might be a good time to start considering ways to increase the value of your property. Throughout this article, we look at ways to do so.
The UK Housing Market
In the past few years, the average price of a property has increased by almost 15%. Several factors have contributed to this rise, including the Coronavirus pandemic and the Stamp Duty holiday.
There are predictions that the market may slow in the next year and that the cost of living crisis may impact affordability too.
Why Should I Increase The Value Of My Property?
Regardless of what happens to the prices of houses nationally, investing in your property is always a good idea. Whether you decide to sell or not, increasing the value of your property is beneficial in the long run.
Extend Your Home
One way to increase the value of your property is to extend your home. If you have space outside your property, consider building an extension to increase the size of your home. Moreover, this will attract more buyers and a higher asking price. However, before deciding to extend, you will want to consider costs and planning permissions.
Another way to increase the value of your home is to convert unused areas of the home into living space. Moreover, converting the loft space into a bedroom or the garage into a living area can be attractive to buyers or renters wanting more space.
Increase The Value By Upgrading The Bathroom
Modernising the bathroom will appeal to buyers who want to move in straight away. Furthermore, adding a second bathroom, an en-suite or a downstairs toilet can also add value to the home as these are seen as desirable additions.