Home renovations that add the most value to your home (and how to fund them)

When it comes to improving your home, there are some renovations that really add value, while others might not make as much of an impact. Funding these changes can be challenging, but with a few smart choices, you can transform your home without unnecessary stress.

Let’s look at some of the home renovations that could add the most value, and how to make them happen in a way that works for you.

Converting the loft

Converting your loft is one of the best home renovations you can undertake to add value, with the potential to increase your property’s worth more than many other types of changes.

Unlike with an extension, a loft conversion gives you extra indoor space without losing any of your valuable outdoor area.

That said, loft conversions can be costly, so it’s worth considering whether another type of renovation might give you a better return on investment.

Restoring period features

Character makes your home unique, and it’s something that can’t be bought. If your home has period features like fireplaces, cornices or wooden beams, restoring them could be one of the best ways to increase its value.

If some period features were removed in the past, it’s worth considering bringing them back.

To get the best results, take the time to research and ensure the restoration matches the original style of the era and proportions of your home.

Updating your kitchen

The kitchen is the heart of any home, so it’s no surprise that giving it an update could give a nice little boost to your property’s value.

If your kitchen is small or outdated, completely changing the layout could make a big difference. But don’t worry, you don’t necessarily need a full overhaul. Simple updates like refreshing the cabinets or replacing the countertops can give your kitchen a modern feel and add real value.

Kitchen upgrades are a great investment, offering excellent value for money. Whether you’re planning to stay in your home for the long term or looking to sell, spending a little extra now could pay off in the future, giving you the best results for your space.

Adding another bathroom

If you have a large household that shares a single bathroom, you know just how tricky it can be. Many potential buyers are also put off by properties that don’t have extra bathrooms or toilets.

Adding a new bathroom could increase your home’s value. Consider adding an en-suite, downstairs toilet or even a wet room to boost your property’s appeal.

If a brand-new bathroom is out of your budget, you could still enhance your home’s value by remodelling your existing bathroom. It’s a cost-effective way to make a big difference.

When it comes to funding your home improvements, you have a few options to consider. Here are a few:

• Using your savings – This can be a great option if you want to avoid taking on any extra debt. However, it requires planning and discipline to make sure you don’t spend the money on other things. Keep in mind that some savings accounts may have restrictions or penalties if you need to withdraw the money earlier than planned.
• Unsecured personal loans – If you choose an unsecured personal loan, you won’t need to put up any collateral. Instead, lenders will consider your credit history to decide if they can lend to you and at what interest rate, so you might find it difficult to get approval if you’ve had challenges with credit in the past. These loans are typically shorter-term (5-7 years) and available in smaller amounts.
• Secured homeowner loans – With a secured loan, you use your home as security. This may allow you to borrow a larger sum of money, sometimes at a lower interest rate and with longer repayment terms, depending on your circumstances. Just remember that if you miss repayments, your home could be at risk of repossession, so it’s important to ensure you can keep up with repayments.

Your home is one of your biggest assets, so it makes sense to invest in it. Whichever of the renovations above that add value you decide on, a home improvement loan could help you bring your ideas to life.

At Evolution Money, we offer secured homeowner loans ranging from £5,000 to £100,000 with flexible repayment terms from 3 to 20 years. We look at more than just your credit score, so even if you’ve faced financial challenges in the past, we’ll still consider your application.

Check your eligibility today. Don’t worry, it won’t affect your credit score. If you’d prefer to talk things through, get in touch with our friendly team. And for expert tips on all things personal finance, check out our help and advice hub.

Loans are subject to status and affordability checks.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debts secured on it.