Adding extras onto your house such as a balcony, terrace or balustrades can greatly increase the value of your home and provide an attractive focal point. It’s not hard to see why: they add extra space and make rooms feel bigger, not to mention they look fantastic. These addons are easy to maintain and have been in fashion for centuries. Whether you’re installing them in the front, back or inside your house, you’re providing an extra feature that is functional, secure and stylish.
Why should I increase my house value?
Why should you increase your house value? Well, there are a lot of reasons–and they’re all good ones.
First of all, if you want to sell your house, it will be much easier to do so if the value has gone up. So if you’re looking to move on, increasing the value of your home could be just what you need, however it can be more expensive than just upgrading your house.
If you don’t plan on selling anytime soon, and just want to enjoy living in a nicer home, then it’s still a good idea to increase the value of your house because that means that when you do decide to sell, you’ll get more money for it. Adding value to your house will provide profit in the long run, whilst providing you with a nicer home in the meantime.
The cost of moving house
In 2022, it can be daunting to move house as the costs can start to stack up, making the process a lot harder and more expensive. As of 2022, the total average cost of moving house is £10,683.99 which includes stamp duty, property surveyors, conveyancing, valuation fee, estate agents, epc, removal companies and postal redirection.
These prices can pile up, which is why it is becoming more popular for homeowners to invest their money into their current house instead. People are now upgrading their properties to their desires instead of moving, as it can be cheaper and profitable in the long run.
Balustrades
There is no doubt that balustrades are one of the best ways to add value to your home. They can be used on balconies, terraces, stairways, outside and more. It is estimated that balustrades can increase property value by 12-20%, which is a huge addition when you’re wanting to invest into your house. Whilst balustrades add value to your home, they also come with other benefits such as adding protection and privacy, elevating your design and depending on the materials used they can open up the space and let light shine through. There are several materials from which the balustrades can be made, including glass balustrades and stainless steel balustrades.
Balconies
Adding a balcony can add huge value to a home, and will almost certainly add market appeal. The market value of homes is determined by many factors, but location and design are the most important ones. Adding a balcony to your home will increase its overall attractiveness in the eyes of potential buyers and likely increase its price tag as well. It is estimated that balconies add 12% more value to your house, whilst providing additional benefits such as more space, more light, a place to entertain or relax and even the opportunity for a personal garden.
Juliet Balconies
Juliet balconies are a lot smaller than a usual balcony, and can be the perfect addition to your property to increase value to your home and also provide numerous benefits. It is estimated that juliet balconies can increase your property value by 5-10%, and if you don’t have the space for a rooftop terrace or a large balcony, a juliet balcony is the perfect fit.
Juliet balconies can open up your space without actually adding too much onto your property, by letting in ample light and bringing the outdoors in, your rooms can feel much bigger and brighter. Not only do they make your house feel more stylish, but they also add safety which can be vital if you have children or pets. Your juliet balcony balustrades can be made in a variety of materials, such as stainless steel if you’re looking for durability or glass for that modern and bright look.
Terraces
Terraces are a great way to increase value to your home. Terraces are often used as outdoor entertaining areas, but they can also be used for other purposes such as a garden, a place to work, an extension of the house itself or even a rooftop getaway.
Terraces are estimated to add 12% value to your property, and they can be built on top of the house or on the side depending on what you want to achieve and how much space you have available. Terraces provide much more room and allow you to have an outdoor space on your property without actually leaving your home, and they are perfect for entertaining, relaxing, and gardening.
Conclusion
With the knowledge of how these aspects can increase the value of your home, make sure you understand your planning permission which is required if you are thinking of adding any of these elements to your home. If you require insight into how your home can increase in value, or if you need help starting your project today, feel free to contact us so we can help you increase the value of your property the SMART way. From balustrades to Juliet balconies, we are able to help you with your project from start to finish, understanding the planning permissions, building code, house structure and stability. If you want to get some inspiration first, feel free to explore our gallery and case studies.
