
If you're thinking of selling or simply want to boost your home's value, there are several smart improvements worth considering. While some renovations can be costly, they can also offer a strong return on investment and help your property stand out in a competitive market.
In order to boost the value of your home, you may have thought about the most obvious ways, such as upgrading your kerb appeal, redecorating the inside of your property and tidying up your garden. But experts say there's one thing that can add a five-figure value to the property.
Property search site Zoopla says adding off-street parking to your home could add £50,000 to your property's value.
It says: "It's estimated that off-street parking could add a whopping £50,000 to your home's value.
"Estate agents say it can make or break a sale, and that this home improvement does well across the market.
"It'll have the biggest impact in prime city locations, but suburban and rural buyers also see off-street parking as a must-have."
It adds that the cost of converting a garden to a parking space can vary from a few thousand to more than £15,000.
Zoopla says this depends on the cost of dropping the kerb, reinforcing the pavement, and adapting the garden.
It continues: "Even if you don't drive, it can be a worthwhile conversion. Lots of people are making money from renting out their spare car parking space."
While this upgrade might be a little more costly, it could have a huge pay off.
Zoopla also says a garage conversion could be beneficial. A standard garage conversion costs between £5,000 and £7,000 but it could add 15% value to your home.
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