Ideas on Ways to Increase Your Home’s Value in 2024

Wed, Jan 10, 2024 19:29 CET

Are you considering selling your home in 2024? Perhaps you're just looking to make a few meaningful changes to your home that will result in a higher property value. If so, we've got everything you need to know.

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There are many things that can help to increase your home's value. Some things can add more value than others, and some jobs are bigger than others. However, if you're interested in adding value to your home, take a look at the list below. Property and construction expert Thomas Goodman at MyJobQuote.co.uk has created this guide on the best ways to improve your home’s value in 2024 and beyond.

Convert Your Garage into a Living Space

If you are not currently making good use of your garage space, it may make more sense to convert it into a living space. Garage conversions can be great for modern properties, as they can used for many different things. For example, your garage conversion could be used as an office, a guest bedroom, a playroom, a home gym, a cinema room, or even a kitchen or living room extension. Completing a garage conversion at your property can add around 15% to the value of your home.

Before going through with the conversion, it’s important to check if your garage is suitable for this type of work and then look into whether or not you will need planning permission. Garage conversions are typically classed as permitted development, so you won't need to worry about planning permission. However, in some cases, you may need to get planning permission, so you should check with your local authority to make sure.

Garage conversions are always subject to building regulations, as this helps to make sure the conversion is structurally sound. Once the work is complete, it will need to be inspected for key areas, such as drainage, electrics, walls, and the roof. The inspection is in place to make sure all of these areas comply with regulations.

Extend Your Kitchen

Another way that you can add value to your property is by extending your kitchen. A side return extension on your kitchen is a great option, as this type of extension is built into a narrow alley which runs alongside the kitchen. Adding this type of extension allows you to gain some valuable additional space in your home and also improves the layout of your kitchen. Completing a kitchen extension could add around 15% to the value of your home.

This type of extension is usually classed as permitted development as long as you reach certain conditions. For example, the extension needs to be no higher than 4 metres tall and no wider than half of the width of the house.

Building regulations apply when completing this type of work, and it will need to be inspected at various stages throughout the construction. Once the extension is built and complete, you will then be given a certificate proving that the build complies with all of the building regulations and rules.

Convert Your Loft

Another type of home improvement that can add a significant amount of value to your home is a loft conversion. Loft conversions are usually used to add additional space to the home, most commonly in the form of an additional bedroom. However, these conversions can also be used as an office, additional sitting room, a game room, or even a home cinema. Loft conversions can also add roughly 15% to the value of your home.

There are several different types of loft conversions available. It's worth doing some research into which type of loft conversion may be best for your particular loft and home. Smaller loft conversions might not require planning permission. However, larger loft conversions which require a lot of structural changes will most likely need planning permission. It's a good idea to check with your local authority before beginning the work.

Regardless of whether or not you require planning permission, the new loft conversion will have to adhere to several building regulations and rules. The work will also be inspected at various stages to make sure it is adhering to the building regulations. Once the work is complete, you will get a certificate proving that the work complies with all of the relevant rules.

Add a Conservatory

If you would like your house to feel closer to nature, a conservatory is a brilliant option. Adding a conservatory to your home can add around 10% to the value of your property. Conservatories are great for helping to merge the indoors with the outdoors, making you feel closer to your garden. Conservatories feature large windows and glass doors, which can make you feel like you're outside even while you're still sitting in the comfort of your home.

There are several different types of conservatories. It’s worth shopping around so that you can find a conservatory that matches the style of your home. You can choose from different frames, colour schemes and different types of glass to suit your preferences.

Adding a conservatory to your home is considered a permitted development, but you’ll have to meet various building regulations and conditions. With this in mind, you shouldn't need to worry about planning permission in most cases. However, it's a good idea to check with your local authority just to be sure.

Improve Kerb Appeal

Improving your home’s kerb appeal can make a huge difference in the first impressions of your home. Improving your home’s kerb appeal will also give you something to be proud of and something that you’re excited to come home to. This type of work can increase your property’s value by around 5-10%.

There are several things you can do to improve your home’s kerb appeal. Below is a list of things you can do:

Install a new front door
Paint the outside of your home
Install new windows
Install a new driveway
Install a new front gate
Front lawn gardening

Spruce Up The Garden Area

If you have a garden on your property, there are several things that you can do to help increase the value of your home. Improving the appearance of your garden can increase the value of your home by around 5-10%.

To keep your garden looking great at all times, it’s important to stay on top of maintenance. You can also add some new things to your garden to help increase the value of your home. Installing a patio area or decking are some great ideas.

Some other things you can do are install a new fence, install a garden shed, and add some plants and flowers. No matter how large or small your garden is, make sure you’re using it to its full potential to keep it looking appealing.

Install a New Bathroom

Installing a new bathroom can help to increase the value of your property by around 3-5%. However, it can be quite an expensive investment upfront, depending on the type of fittings and fixtures that you choose.

To help keep the price of your new bathroom down, it’s best to stick to the original layout. Moving the fixtures around could require new pipework. This can significantly increase the overall cost of the job. Bathroom fixtures come in a range of styles, colours, and prices to suit every home and budget.

In addition to updating the fixtures and fittings in your bathroom, you may also want to install new wall tiles and flooring to help improve the space. A lick of paint can also help improve the wall spaces where there are no tiles.

Make the Living Area Open-Plan

You can completely transform how your home looks and feels, plus save on the costs of an extension by knocking down the wall which separates your kitchen from your living room. In some cases, you may be able to do this as a DIY job and other times, you may be required to bring in a professional to complete this work. It all depends on whether or not the wall is a load-bearing wall. Making your home open plan can add around 3-5% to the value of your home.

An open-plan living space can help to invite a lot more natural light into the home. Plus, it can provide more living space, and it can also improve the appearance of your home. Open-plan living is becoming more and more popular in modern homes.

Remodel The Kitchen

Remodelling or updating your kitchen can help to add some significant value to your home. In fact, remodelling your kitchen can add around 5-6% to the value of your home. The kitchen is often seen as the most important room in the home. So, a good-quality kitchen will help to make your home seem more appealing to potential buyers.

If you can’t afford a completely new kitchen, there are some things you can do. Consider painting your cabinets to improve their appearance and change up the hardware to more modern pieces. New flooring in the kitchen can make a big difference in the way it looks overall, as can a fresh coat of paint. Even just some smaller updates can help to add value to the home.

Final Thoughts

As you can see, there are many things you can do to improve the value of your home in 2024. Consider making some of these changes to your home this year if you want to significantly increase your home’s value. These tips are especially helpful for those who are looking to sell their homes in 2024.

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MyJobQuote also has a wide range of experts with extensive knowledge in interior design, cleaning, gardening, property, construction and more. MyJobQuote's experts have been featured in over 700 publications, including Woman and Home, The Times, House Beautiful, BBC News and more.

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