Many people are looking to boost the value of their property due to the potential upcoming market crash. If you are looking for ways to add value to your home as we head into the new year, then here are some areas of the property you may consider renovating without the need for a professional.
Improve energy efficiency
Improving your home’s energy efficiency is relatively easy, with many options being simple to do yourself. One of the quickest ways to save energy is to install smart technology such as a smart thermostat. These will set you back less than £200 but can add up to £16,000 to your home if you can increase your property’s EPC from band G to E or band D to B, so may well be worth the investment. You may also want to consider draught-proofing your home and installing LED lightbulbs to converse energy.
The garden is quickly becoming the focal point of homes. If you live in a city and have a garden, this can add up to £45,000 to the value of your property, with an extra 20% added if it is well maintained. As such, landscaping your garden could be a great investment if you are looking to sell.
Some additions that you can do yourself are decking and fences. You will need to use caution and power tools to construct them properly so these suggestions are definitely the most dangerous of the proposed ideas. You should be very careful when handling any power tools and keep kids away at all times. If you get injured and it is the manufacturer’s fault, you may be able to make a claim.
However, injury is unlikely and, with proper handling, you can create a gorgeous garden area for a fraction of the price of hiring a professional landscaper.
Update the bathroom
While you should leave any major work such as plumbing to the professionals, there are some DIY jobs in the bathroom that can help add value to your home. In 2019, 29% of homes sold had new bathrooms so revamping your space is a great idea to add some extra value.
You should look to re-grout your tiles or perhaps even replace them if they are worn or chipped. You may also consider replacing key fixtures such as taps, the showerhead or even cabinet handles which can create the look of an updated bathroom without the price tag of a new suite.
Paint the walls Painting the walls in your home, particularly the bathroom and living room, certain colours have been shown to add up to £4.5k. Research has shown that buyers can be led by certain colours, with light blue bathrooms attracting a £2k above average selling price and a light taupe living room fetching the same. As a standard tub of paint costs £16 on average, painting your home and refreshing the walls could be very cost-effective in increasing the value of your home.