Best Home Improvements for Increasing Resale Value
Whether you're preparing to sell your property or simply future-proofing your investment, home improvements can significantly boost your home's resale value. But not all upgrades deliver equal returns. Here's a guide to the best home improvements for maximising your property's resale potential.
1. Kitchen Renovation
The kitchen is often considered the heart of the home, and for good reason. A modern, well-designed kitchen can be a deal-maker for potential buyers.
Value Increase: Up to 10% of your property's value.
Tips:
- Focus on functionality, layout, and modern finishes.
- Consider mid-range upgrades like new cabinet doors, worktops, and energy-efficient appliances.
- Avoid overly bespoke or personal styles that may not appeal to all buyers.
2. Bathroom Upgrade
An outdated bathroom can instantly put buyers off, whereas a stylish, functional bathroom adds instant appeal.
Value Increase: 4-5% on average.
Tips:
- Update fixtures and fittings like taps, tiles, and lighting.
- Install good ventilation and modern, water-efficient toilets and showers.
- Add a second bathroom or en-suite if space and budget allow.
3. Loft Conversion
Adding usable square footage is one of the most effective ways to increase value. Loft conversions are especially popular in urban and suburban areas.
Value Increase: 15-20%, depending on size and quality.
Tips:
- Ensure the design complies with building regulations.
- Consider adding a bedroom and bathroom to maximise return.
- Natural light (via skylights) is a big selling point.
4. Energy Efficiency Improvements
With rising energy costs and growing environmental awareness, buyers are increasingly drawn to homes with good energy performance.
Value Increase: Varies; can enhance marketability and lower running costs.
Tips:
- Upgrade insulation (roof, cavity wall, and floors).
- Install double or triple glazing.
- Consider renewable options like solar panels or air-source heat pumps.
- Improve EPC rating to at least a C, if possible.
5. Kerb Appeal and Garden Landscaping
First impressions matter. An attractive exterior can influence buyers before they even step inside.
Value Increase: 5-10%, particularly in competitive markets.
Tips:
- Repaint doors and window frames, clean driveways, and tidy up landscaping.
- Add decking, a patio, or a seating area to enhance usability.
- Keep gardens low maintenance but visually appealing.
6. Open-Plan Living Spaces
Open-plan layouts are in high demand, particularly among younger buyers and families.
Value Increase: Up to 5-8% depending on execution.
Tips:
- Remove non-load-bearing walls to open up kitchen and living areas.
- Use consistent flooring and coordinated colour schemes to create a seamless look.
- Make sure the space still allows for defined zones (e.g., cooking, dining, relaxing).
7. Smart Home Technology
While not yet essential, smart tech can make your home stand out in a crowded market.
Value Increase: Modest, but increasing with demand.
Tips:
- Consider smart thermostats, lighting, security systems, and doorbells.
- Choose well-known, compatible systems (e.g., Google Nest, Amazon Alexa).
- Focus on functionality and ease of use.
Final Thoughts
Maximising your home’s resale value means understanding what buyers in your area value most. While big-ticket renovations like loft conversions offer the highest returns, even smaller, cost-effective upgrades can enhance appeal and boost your selling price.
Before embarking on any major improvements, consult with a local estate agent. They’ll know what features are in demand and can advise on where to spend for the best ROI. Looking to work with an award winning estate agent? Why not give us a call on 0121 681 6327!