Local financial advisor Castle Mortgages has shared some top tips with local readers about how to improve and add value to their homes.

How can I increase the value of my home?

That's likely to be a question you've asked yourself at some point.

Home improvements give you more than just a little more living space, they can add potentially thousands of pounds to the value of your home. 

Even if you have no immediate plans to sell your home anytime soon, it's still useful to know how you can go about increasing the value of your property – that way, if you ever come to sell at a later date, the asking price you can set for your home is likely to be much higher. 

Adding a conservatory, upgrading your kitchen or widening your bathroom space are just a few of the many home improvements you'll be considering at some stage in your life.

But what are the most popular building projects and rooms to renovate so you know exactly where you can add real value to your home?

'Home improvements give you more than just a little more living space, they can add potentially thousands of pounds to the value of your home'

LOFT CONVERSION 

Many homes have an untapped potential for unused space in the loft, which can be converted into another room.

A loft extension can cost anywhere between £10,000 and £40,000 depending on the structural condition of the building and quality of conversion, but it could add up to 15 per cent to the value of your property due to the increase in square footage it can give you in living space.

You need to be mindful of the fact that a loft conversion is a large project requiring planning permission and help from an architect and engineer, which adds to the expense of the project.

It can also cause a lot of disruption in your home compared to other renovations due to the time it takes, and the number of different trades required to complete the conversion.

KITCHEN REFURBISHMENT 

A new kitchen could potentially add four per cent onto the value of your home.

It's also something many prospective buyers look for – most likely because of the cost and difficulty that comes with replacing a kitchen, which makes one that's already complete very attractive. 

A new kitchen could cost you anywhere between £5,000 and £40,000 depending on the size and scale of the refurbishment, and because of the number of services including gas, plumbing and electrics that might need to be moved or altered to meet your requirements.

Compared to other, larger projects, a new kitchen is only likely to cause a week or two of disruption.

Local financial advisor Castle Mortgages has shared some top tips with local readers about how to improve and add value to their homes (Image supplied)

BATHROOM REFURBISHMENT 

Adding a bathroom to your property, or upgrading an existing one, can increase the value of your home by up to five per cent and can be a valuable future selling point to prospective buyers.

A new bathroom can cost between £2,500 and £6,000 depending on the quality of fixtures and fittings you choose. 

If you are adding a bathroom, it's always better to create an en-suite from a large room or existing cupboard rather than converting a whole room, as you may ultimately devalue your home if you remove a bedroom or study to create a bathroom.

This project is likely to cause the least disruption as it requires fewer trades to complete than other home improvements.

CONSERVATORY 

Catch the best of the summer weather while adding as much as 10 per cent to the value of your home with a conservatory.

Having previously fallen out of favour with many home owners and prospective buyers, the conservatory is back and no longer just the uPVC box added on to so many suburban semis. 

A new conservatory with bi-folding doors, self-cleaning glass and timber framing could cost you between £4,000 and £10,000, but is an easy and fast way to increase the value of your home.

Contact Castle Mortgages here for more information on how you could remortgage your property to fund improvements: [email protected].

'Even if you have no immediate plans to sell your home anytime soon, it's still useful to know how you can go about increasing the value of your property' (Image supplied)

Your home/property may be repossessed if you do not keep up repayments on your mortgage.

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