Increasing the value of your home or making the most profit from a renovation can be a minefield. If you are careful about how you spend your cash and budget accordingly, you can make the most out of your home.
Converting the loft in to living space is the most obvious way to add space. A handy guide on how to put your application in for planning permission can be found here – https://www.gov.uk/planning-permission-england-wales.
Adding one to the rear of the kitchen or dining room will extend the living area downstairs.
Landscape the Garden
Another way to add some serious value is to spruce up the garden and create a beautiful space in which you can relax and children can play.
Fit a New Kitchen
Replacing the units and even reconfiguring the area could add profit as well as living space.
Fit New Bathrooms
Updating the bathrooms is a must. Make sure you have utilised every inch in the best way, re-tile the walls and even look in to replacing the suite.
Convert the Garage
Another obvious way to create extra living space is to convert the garage. You may need planning permission. Clear out the junk and use the space to add a utility room, downstairs toilet and a small snug or playroom.
Create a Driveway
Kerb appeal speaks volumes, it is the first thing you see when approaching a building, so maximise the space. Using part of the front garden to add a driveway could add a lot of value to the house.
The most obvious thing to budget for is redecoration. Introduce a neutral colour scheme and make sure the woodwork is clean and neat.
When you have finished the renovation, you will need to instruct a conveyancer in order to sell your home and move to the next. Budgeting for conveyancing costs should be included in your budget. It is tempting to get caught up with the renovation budget without allowing for conveyancing costs in the total. Companies such as https://www.samconveyancing.co.uk/news/conveyancing/conveyancing-costs-explained-3366 can help explain the costs involved with this vital aspect.
However you choose to maximise the profit in your house, make sure you set a budget and stick to it!