Property Value Boosters: Key Investments for Maximising Your Return

There’s no denying that we want to get the best value for money when selling a property. However, not everyone knows how to achieve this.

Fortunately, there are some projects you can embark on to boost the value of your home and attract buyers when you eventually come to selling.

Storage space

Storage in a home is invaluable to many households – especially larger families. In fact, a survey by fitted furniture experts Hammonds revealed that Brits would offer an average of £3,408 over the asking price for homes that already have built-in storage solutions.

Maximising storage space in a property opens up more avenues for those looking to buy, reducing the need to make these investments themselves later down the line. If you take the time to invest in high-quality storage solutions, this could be extremely beneficial when it comes to selling your home.

Buyers value homes that offer ample storage, and cleverly designed spaces can make a property more functional and attractive. Built-in wardrobes and attic conversions with smart storage solutions are great examples of putting this into practice.

Home efficiency features

Rising costs of living in recent years have meant that prospective buyers value energy-efficient homes. Anything that helps homeowners reduce the amount they spend on energy bills is hugely beneficial. Meanwhile, the government is pushing for greener homes to help with carbon-saving efforts.

This means investing in energy-efficient features is preferable. In practice, this might include double glazing, solar panels and insulation across the property. You can get more energy-saving tips and inspiration for projects by looking at the Energy Saving Trust’s website.

The survey shows that three in five people (61%) would also offer extra for a home with electric car charging. Meanwhile, solar panels and triple-glazed windows are also highly sought after this year, adding an average of £3,555 and £3,473 to your home’s value

Garden space

Outdoor space is often highly desirable. A garden is a real bonus as it opens up possibilities for outdoor socialising, hobbies such as gardening and simply being able to enjoy the sunshine without leaving the home.

Garden maintenance is important if you want to increase the value of your property. This means keeping any plants, grass or shrubbery in a good condition to improve its appeal. Consider adding an outdoor seating area if there isn’t one already.

A garden that feels like an extension of the home can attract potential buyers and add value. According to the survey results, Brits are offering an average of £5,044 more for a home with outdoor space. Beyond this, one in ten (10%) stated that they would offer £15k over the asking price for a home that has a garden.

Off-street parking

There are several reasons why off-street parking can significantly boost a property’s value. Urban areas often lack space for parking, resulting in people having to use, or even pay for, facilities that aren’t conveniently located near their homes.

To tap into this demand, you could convert part of the garden into a driveway or create a secure parking area to attract more buyers. The data shows that Brits would pay £4,146 more on average for a house that has its own driveway and allows for off-street parking.