Many homeowners choose to remortgage in order to carry out home improvement, as this can often add more value to the property. And by sticking to relatively small changes, you can increase the home’s listing price without spending a fortune yourself. Also, these days many free up some equity to improve their existing home because they don’t want to continue going up the property ladder.
So, let’s look at some of the home improvements you can make, which could add the most value to your property.
Adding a conservatory
One of the most cost-effective ways of adding value to your home can be a conservatory. They can help you to connect more with nature, by merging the indoors with the outdoors, and can be designed with both modern or traditional styles in mind to suit your home.
Of course the minimum standard is double glazing, but you could also choose from a variety of options to make your conservatory more unique. From self cleaning glass, to solar control glass, there’s choices to fit any lifestyle. Conservatives are largely exempt from building regulations, however in certain circumstances an application may be required.
Extending the kitchen
Installing a new kitchen in general can add value to your home, but so can extending an existing one. Often a typical terraced house or semi-detached property will have a narrow alley that runs adjacent to the kitchen, called a side return.
You could extend your kitchen into this, along with the full width of the rest of the property in order to gain extra space, while improving the overall layout. Keep in mind that there will be certain limits and conditions for you to meet, in order for it to be a permitted development, such as it being no more than four metres high.
Converting the loft
Converting the loft into another living area of the house can also add extra value but this will likely be a more expensive home improvement to undertake. Plus, you’ll likely need to gain planning permission.
An extra bedroom can often add value, and this is especially true of loft conversions that also have en suite bathrooms. It’s a good idea to get a professional to double check whether or not your loft is suitable for a conversion first of course. Familiarise yourself with the various types of conversions available. Ranging from cheaper roof light conversions, to more expensive mansard conversions that require one or both slopes of the roof to be replaced.
Work things out first
Some home improvements may only add little value to the property, depending on the costs involved. So it’s always important to do your research and work out your costs before undertaking improvements. Just to ensure you’re truly going to get value for the amount you’re spending.
Speaking to experienced professionals when you’re considering a remortgage for home improvements can be invaluable. And if you have any concerns or questions at all when it comes to remortgaging your house, please don’t hesitate to get in touch with our warm and friendly team today on 0345 305 2540, or at info@taylormade-finance.co.uk.
