Owning your own home involves a major long term investment, and like every other investor you’ll want to increase the value of that investment. So, what do you do to maximise the value of your home?
Well if you do absolutely nothing, then over the years your home will slowly increase in value anyway as house prices rise, but for some people this takes far too long and they want to see an increase much quicker. In that case you may want to go down the home improvement route and add value to your home that way instead.
The mistake some people make when trying to add value to their home is over extending it. There will be an upper limit on the maximum price your home will fetch in your street or area of town so think carefully before adding too many extra rooms. In some cases you could be just throwing your money away. Instead try improving the inside of your home and the facilities inside it. Everyone wants a fabulous kitchen and bathroom and many people are willing to pay a premium for the privilege of owning one in their new home. Particularly so if they don’t need to go to the bother of having it installed themselves. Go for good quality fittings but not in a style that will look out dated in a very short time.
Many people have improved the value of their home by installing a hot tub, particularly an indoor one in maybe an unused conservatory or garden room. It can certainly give you the advantage over other properties in your area when you come to sell. A hot tub or spa (such as a Vita Spa model) will also be a far cheaper alternative to building an extension that could cost you thousands.