However, there are certain ways in which you can add value to your home which don’t necessarily involve spending huge amounts of money.
Add a garage
If your home doesn’t have off-road parking or is permit only, adding a secure place for cars can really help increase your appeal to buyers. The price of a garage can vary quite significantly, but is often one of the few additions to your home that allows you to recoup your costs.
Build an extension
If your house is on the small side, adding an extension can be a fabulous way to give yourself more space and increase the value of your home. An extra bedroom can really add value, as can an extra bathroom if the house only has one. Be careful not to build for the sake of it, as it can put people off.
Convert your loft
If your family is outgrowing your home, converting the loft into a bedroom and en-suite bathroom can add valuable space without encroaching on your garden. Loft conversions don’t usually require planning permission either, but they will need proper loft access so make sure you research it properly.
Paint the walls
Repainting inside and outside walls can make all the difference. Rooms look better cared for and the house appears more welcoming. Stick to neutral colours so that people aren’t intimidated and this will make your home seem more appealing. If you don’t have time to paint the outside walls as well, just give them a good wash.
Replace the windows
If your home has old windows, putting new, more efficient ones in can help to increase the value of your home. Newer windows keep heat in and are more energy efficient. If you live in a period home however, putting brand new uPVC windows in may actually put people off buying your home.
Modernise the kitchen
If your kitchen is decades old it may be worth investing in a new one. If it’s satisfactory, then you can increase its potential by replacing cupboard doors and tiles. It’s also worth having leaky taps fixed and checking the plumbing. Never spend thousands on a garish kitchen that new owners would immediately rip out.
Remove the walls
If your house is quite small, an open-plan feel will open it up and make it look bigger. Kitchen-cum-dining rooms make life easier and are much friendlier, especially these days when the kitchen isn’t just for cooking.
Add a bathroom
The queue for the bathroom can be a nightmare, especially if you have teenagers, so putting in a downstairs shower room or cloakroom can really make the difference. They don’t take up much space either so won’t intrude into valuable driveway or grassy space. It also increases your appeal to buyers.
Tidy the garden
Keeping your garden in order can make your house more appealing to future buyers and can give you the edge on an asking price. If you’re not a gardener, make sure grass is mown and flower beds are tidy so that the garden’s potential is obvious.
Finally…
Tempting though it may be, a swimming pool, hot tub or Jacuzzi will probably not increase the value of your property. The weather in the UK is too temperamental and the maintenance costs of a pool are extremely high.
How can John Lewis Home Insurance help?
If you’re looking to increase the value of your home, it’s important to check that your Home Insurance policy still covers it. If you’re adding extra rooms to your home, you may want to consider Specialist Home Insurance which provides a higher level of cover for homes with more than five bedrooms.
John Lewis Home Insurance offers Unlimited Buildings and Contents Insurance* so there’s no need to estimate the value of your contents or the cost of rebuilding your home. You can also choose Accidental Damage Cover, so that if you are attempting to install a bathroom yourself and something doesn’t quite go to plan, you’ll be covered.
* There is no total sum insured, but other limits apply including single article and total valuables limits.
Terms, conditions, limitations, exclusions and acceptance criteria apply. A copy of the policy wording and insurance complaints procedure is available on request.
John Lewis Insurance is a trading name of John Lewis plc. Registered in England No. 00233462. Registered office 171 Victoria Street London SW1E 5NN. John Lewis plc is an appointed representative of AXA Insurance UK plc who are authorised and regulated by the Financial Services Authority. AXA Insurance UK plc. Registered in England No. 78950. Registered office: 5 Old Broad Street, London, EC2N 1AD

