{"id":594,"date":"2020-03-30T22:06:49","date_gmt":"2020-03-30T21:06:49","guid":{"rendered":"https:\/\/www.propertyunder20k.com\/blog\/?p=594"},"modified":"2020-03-31T10:58:01","modified_gmt":"2020-03-31T09:58:01","slug":"maximise-market-value-of-your-home","status":"publish","type":"post","link":"https:\/\/www.propertyunder20k.com\/blog\/2020\/03\/30\/maximise-market-value-of-your-home\/","title":{"rendered":"How to maximise the market value of your home"},"content":{"rendered":"\n

Owning your own home, whether outright or with a mortgage, gives you lots of opportunities to grow its value, enabling you to profit at the time of any future sale. If you’re wondering about the best ways to maximise the current market value of your home in order to cash in big time in future years, read on.<\/p>\n\n\n\n

Before starting to knock any property\naround, check out local planning laws<\/strong><\/h2>\n\n\n\n

Before even beginning to discuss all the different ways you can increase the market value of your home, it’s vital you take a look around your home and think strategically about any future marketing attempt. If you have lots of unnecessary furniture and ornaments cluttering rooms, you may want to think about the benefits of decluttering<\/a>. You’ll be amazed by just how much more empowered and energised you feel living in a clutter-free home, and may also uncover some of your most valued, long lost treasures during the process! <\/p>\n\n\n\n

No matter where you happen to live in the\nworld, it’s quite certain that local planning or building regulations will\nimpact on any decision made to extend your home. Some homeowners apply for\nplanning permissions retrospectively, but this can be a risky tactic. For\nexample, Churchill\u2019s<\/a> research shows that\n40,000 retrospective planning applications were made between 2017 and 2019 in\nthe UK, and that a total of 12% of these applications were declined outright.\nThe most sensible way forward is definitely getting in contact with local\nplanners before any structural works or alterations take place. You could\nactually be pleasantly surprised, as some works won’t actually require formal\nplanning applications or ongoing inspections.<\/p>\n\n\n\n

Top ways to increase the value of any\nexisting home<\/strong><\/h2>\n\n\n\n

1. Potential property buyers always rate kerb\/garden appeal highly<\/strong><\/p>\n\n\n\n

There are lots of ways that the market\nvalue of homes with gardens can be increased, without any need for building\nworks. Maximising the kerb or garden appeal of your home shouldn\u2019t be\nunderestimated, and it may only require keeping on top of all regular\nmaintenance and lawn care. Adding a patio or deck is one way to create\nentertaining space outdoors, and this is often top of the list for many\nhomebuyers. Of course, if you’re an apartment dweller, you may only have access\nto an outdoor balcony or patio, but these small spaces can still be transformed\ninto charming outside spaces with good planning.<\/p>\n\n\n\n

The kerb appeal of your home relates to first impressions, so a lick of fresh paint on woodwork, a tidy front garden, and sparkling windows are all essentials that help to maximise the market value of your home.<\/p>\n\n\n\n

2. Converting your loft or attic space<\/strong><\/p>\n\n\n\n

You could add even more value to your\nhome by creating an extra bedroom or office, and lofts are often the ideal\nspace to consider. Check with local planners before starting any building\nworks, as regulations are likely to be in force. Some of the planning issues\nthat will need consideration include staircase access, windows, and\nrequirements for any en-suite bathroom or shower room. It’s often a good idea\nto involve an architect from the outset, and unless you\u2019re a DIY expert it\u2019s\nprobably best to hire some professional help.<\/p>\n\n\n\n

3. Extending your home to the side or rear to create larger living\nspaces downstairs<\/strong><\/p>\n\n\n\n

Many city and rural dwellers in terraced\nor semi-detached homes find that extending the downstairs space to the side and\nback can provide even more room, which is particularly valuable for growing\nfamilies. In the UK, extensions like this are often considered permitted\ndevelopments and may not even require formal planning permissions. However,\ncheck all this out beforehand, as any works to party walls which are shared\nwith neighbours may well need planning investigation.<\/p>\n\n\n\n

Some of the other valuable ways to\nmaximise the capital locked in your existing home include:<\/p>\n\n\n\n

– Turning an integral garage into a room,\nwhich can be a valuable way to free up unused space<\/p>\n\n\n\n

– Adding a conservatory<\/p>\n\n\n\n

– Converting a cellar into a basement\nroom<\/p>\n\n\n\n

Your existing home could be the key to gaining your dream home in the future, so staying on top of clutter and adding extensions or upgrades can be an excellent way to truly make the most of your property investment.<\/p>\n\n\n\n

Author: <\/strong>Hubert Day<\/em> <\/p>\n","protected":false},"excerpt":{"rendered":"

Owning your own home, whether outright or with a mortgage, gives you lots of opportunities to grow its value, enabling you to profit at the time of any future sale. 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