Five ‘simple steps' to ‘boost' your home's value - can ‘increase by 10 percent'

Five ‘simple steps’ to ‘boost’ your home’s value – can ‘increase by 10 percent’

Lisa Parker, an experienced mortgage expert at L&C Mortgages, has shared valuable tips on how homeowners can “boost” the value of their homes, whether remortgaging or selling.

1. Enhance energy efficiency

The expert explained: “Making your home more energy efficient not only reduces utility bills but also boost its value.

“Consider investing in energy-efficient windows, insulation and appliances. You can also explore options like solar panels, a smart thermostat, or a tankless water heater to increase energy efficiency.”

According to the expert, these changes will lead to long-term savings and an improved resale value.

2. Improve kerb appeal

First impression matters the most when selling, and the exterior of the home sets the tone for potential buyers looking to buy your property.

Enhancing kerb appeal can “increase its value by up to 10 percent”, according to the expert. This involves taking “simple steps” such as applying a fresh coat of paint to windows and doors.

Five ‘simple steps’ to ‘boost’ your home’s value – can ‘increase by 10 percent’

Britons could also add some vibrant flowers or refresh the grass which will all make the property more visually appealing.

Lisa added: “Installing outdoor lighting, updating the front door, replacing, worse-for-wear old numbers or names, and adding a new mailbox can also enhance its overall attractiveness.”

3. Consider adding an extension

If you are thinking about staying in a home long-term and find yourself short on space, an extension can “significantly” improve the value of a property.

The expert noted: “Each square meter of property space in the UK is worth approximately £2,907 on average.

“Thus, even a small extension can add considerable value. While costs may vary depending on factors such as size, materials, and permits, a well-planned extension can offer both functional benefits and a higher property value.”

4. Convert existing rooms

Converting an existing room into a bedroom or office is a cost-effective way to boost a property’s value as this is what buyers tend to look for.

L&C Mortgages found that adding an extra bedroom to a two-bedroom semi-detached house can increase its value by 20 percent.

This option often requires less investment and effort compared to adding an extension, but only works if you have the spare room to convert.

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5. Prioritise maintenance

The expert continued: “Regular maintenance is essential for preserving your home’s value. Ensure your property is well-maintained, addressing structural issues promptly and keeping it free from pests.

“Perform routine maintenance on appliances, clean gutters regularly, and check for leaks. Staying proactive in maintenance not only prevents costly repairs but also keeps your home in optimal condition.

“It’s important to consult with qualified professionals before embarking on significant renovations or investments. Their expertise can help align your actions with your budget, timeline and goals.

“By implementing these tips, homeowners can increase the value and desirability of their homes, potentially yielding higher equity and resale value.”