Nine changes that can add £50,000 to the value of your house

As the coronavirus pandemic continues many of us have got more time on our hands to do some home improvements.

With boredom at an all time high for some, now is the perfect time to do some DIY that could add thousands to the value of your house.

From sprucing up the garden, to painting the walls, there are several relatively inexpensive things you can do that would make your property more attractive to potential buyers.

You don't need to be an expert either, with many of the activities simple to do, even if your're a complete novice.

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Here are some relatively easy and affordable things you can do that will drastically add value to your property.

Install Smart Technology

Making energy-saving improvements to your property could increase its value by an average of 14%, and up to 38% in some parts of England, based on research by the Department of Energy and Climate Change.

The government’s publication state that improving a property’s EPC (Energy Performance Certificate) from band G to E, or from band D to B, could mean adding more than £16,000 to the sale price of the average UK house.

But in some areas it could add even more value, with improving energy efficiency from band G to E increasing value by over £25,000 in the North East.

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The increase in value is due to new homeowners wanting houses that are energy-efficient, confirmed by various housing surveys.

A 2017 survey from T3 Sixty and Coldwell Banker said that 91.3% of brokers and agents said they would benefit from the incorporation of smart home technology, with 82% saying they believed smart home technology streamlined a sale.

Cost – around £179

Potential Added Value – £16,000+

Transforming your garden

A great place to start is actually outside rather than in.

Research by gardening experts McGregor and Estate Agent Emoov.co.uk reveals that outdoor space could add as much as £5,000 to your property’s value.

They state five important garden transformation tips for gaining this added value:

1. Mown grass – “An overgrown lawn is a huge turn-off for potential buyers.”
2. Colourful plants – “A bright, well-kept flower bed grabs attention.
3. Trimmed hedges – “Kept neatly, they can boost kerb appeal massively and are currently more on-trend than fences and walls.”
4. Clean the patio – “A freshly washed pathway can make a property look brand new.”
5. Pull Up the weeds – "Key for any garden’s flowers to bloom.”

If you're finding it hard to get motivated to mow the lawn, try thinking of it as time spent adding some serious value to your property.

Cost – £0

Potential Added Value – £5,000

Keep Your Trees Tidy

According to the 2018 Remodelling Impact Report from the National Association of Realtors (NAR), the estimated cost of tree care service is $2,000 (£1,670), a whopping 100% of which is recovered when buyers sell their homes.

However, if you can do this yourself, and have the right tools to do so, you can gain a lot of money with zero outgoings!

Cost – £0

Potential Added Value – £1,670

Garden Decking

This is one of the more expensive tips, but still extremely cheap in the grand scheme of things, is to install some garden decking.

You can buy basic timber decking boards for as little as £15 per metre squared, meaning in order to build yourself a 20m square deck would only cost around £300.

According to Location, Location, Location star Phil Spencer, speaking with the Telegraph, garden decking can add 2% to your home’s value, and with the average house price in the UK today currently at £247,355, you could be adding around £5,000 (£4,947.10 to be exact) to your property’s value.

Cost – £300

Potential Added Value – £5,000

Freshen Up Your Front Door

A new doorknob (£35), brass letterbox (£25) or a stainless steel house number (£25) can do wonders for the look of your front door.

This, along with a fresh coat of paint can immediately give your home a fresh and updated look.

When picking a colour for your front door the best option is black or charcoal grey, as homes with this coloured front doors sold for $6,271 (£5,241) more than expected.

Cost – £85

Potential Added Value – £5,241

Making small changes to your bathroom can help raise value

New Bathroom Features

You don’t have to install a new bathroom suite to add value to your home, you only need to freshen it up with new features.

Bathroom features are surprisingly cheap, you can get yourself a set of new taps for £20, a heated chrome towel rail for around £50, a big new shower head for £20, making it under £100 for everything.

According to NetHousePrices, new features like this can add 2.88% (£7,000) onto your house’s value.

Cost – £90

Potential Added Value – £7,123.82

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Freshen up the kitchen

The same applies to the kitchen. If you’re looking to add value to your home while on a budget there is something you can do in the kitchen that you wouldn’t expect to work but does.

Kitchens where the upper and lower cabinets are painted in two different colours, sell for a $1,547 (£1,286.61) premium.

Counter doors cost anywhere from £14 to over £100 but if you stay towards the lower end of the scale you can upgrade the look of your kitchen by spending no more than £60-£70

Cost – £60

Potential Added Value – £1,286.61

Painting the walls

You can actually increase the value of your property just by picking the right colours for a particular room.

Zillow recently conducted research and found that certain colours added value to people’s homes, such as colouring the bathroom in light blue ($2786 / £2,323.29) and the living room in light taupe ($2,793 / £2,329.12)

With a standard tub of paint costing £16, it's a cheap way to add value.

Cost – £16 (per tub)

Potential Added Value – £4,652.41

Outdoor paint

Painting the outdoor of your home can also help to add value.

Phil Spencer also stated in his piece in the telegraph that painting the exterior of your home is vital, he said: "You have to get buyers through the front door, which means you need to have the outside as spick and span as possible (which could add £5,000).

"If nothing else, your house should at least look better than your neighbours.”

Cost – £35 (per tub)

Potential Added Value – £5,000

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