How to Add Value to Your Home

THE BESPOKE SIGN HOUSE 2024 PROPERTY GUIDE

As the housing market in Britain faces its fair share of ups and downs, there's a growing urgency among homeowners and investors to make the most of their properties. With UK property prices predicted to dip by 4% this year, savvy homeowners are seeking innovative ways to add value to their properties in the most affordable and profitable way. The quest to maximise property value requires trusted guidance from industry experts who understand the nuances of real estate trends.

Whether you're looking to sell or simply enhance your living space, The Bespoke Sign House’s How to Add Value to Your Home Guide features insights from leading specialists, each bringing invaluable knowledge and experience to the table. From trusted Mortgage Advisers providing financial insights to Kerb Appeal Specialists to Architectural Technologists and Landscaping experts shaping innovative property designs, these professionals offer practical advice rooted in real-world expertise. With their collective insights, homeowners and investors can navigate the challenges of 2025 with confidence.

Renovation Statistics

54%

54% of buyers judge property on its exterior within 30 seconds of seeing it.

Wren Kitchens

68%

68% of homeowners say kerb appeal was important to their choice of home.

HomeOwners Alliance

10%

A well-maintained garden can add up to 20% to your property value.

Sold.co.uk

77%

A landscaped garden could add up to 77% to the value of your property.

Sold.co.uk

2024

Bathroom remodels (33%), kitchen upgrades (28%) and exterior facelifts (26%) top the list of homeowners’ planned works for 2024.

Property Wire

1 in 5

1 in 5 Brits said they’d fit a new kitchen if they won the lottery; while over one in six said they fund garden improvements.

Postcode Lottery

52%

52% of homeowners think a well maintained and attractive front door is important.

Home Owners Alliance

25%

Brits pay 25% more for a home that's recently been painted.

Dulux

1/3

A third of home owners are renovating their home in 2024 to increase resale value.

Property Wire

45%

45% of home owners made their homes more energy efficient and environmentally friendly last year.

The Eco News

£30,000

Redecorating could add up to nearly £30,000 to an average UK property.

The Fin Space

Why Renovate?

Renovating your property transcends mere aesthetics; it's a strategic investment, boosting value over time. The housing market may be fluctuating, but that doesn't mean the power of making smart renovations diminishes. In fact, it can be your secret weapon for navigating uncertainty and maximising your home's potential.  While a potential price dip might temporarily shift your selling plans, think about how to add long-term value to your home. Don't be intimidated by large-scale projects. Start with incremental changes that fit your budget and timeline.

While personal style plays a significant role in creating your ideal living space, maximising property value and marketability requires a deeper understanding of current trends and buyer preferences. That's where industry experts come in, armed with their unique insights and market knowledge.

Throughout this guide, you'll encounter the valuable perspectives of experts who have their fingers on the pulse of what truly adds value in today's market. They'll guide you through strategic renovations, suggest sustainable upgrades with long-term appeal, and help you incorporate features that resonate with potential buyers, ensuring your home stands out from the crowd.

Meet the Experts

headshot of Kris Goodenough, co-founder of the bespoke sign house

Kris Goodenough

Co-Founder of The Bespoke Sign House

headshot of Tom Atkins, a Architectural Technologist

Tom Atkins

Senior Architectural Technologist

headshot of Phil Knott,  CEO of  Genesis Gardens & Landscaping

Phil Knott

CEO of Genesis Gardens & Landscaping

headshot of Mark G, a mortgage and protection advisor

Mark G

Mortgage Consultant

Our Key Findings

A row of colorful, historic terraced houses with chimneys on a clear day. The buildings vary in architectural style and color, ranging from red and white to grey and orange, against a bright sky.

Wait for the Market Correction

UK Property prices are expected to continue falling in 2024 due to high mortgage rates and cost of living, but should recover in 2025.

Think About Your Selling Strategy

Those needing to move (upsize/downsize/relocate) may not benefit from waiting to sell as price drops/rises will likely be similar for both buyer and seller. Owners not needing to buy should consider holding off until the market recovers, but factor in ongoing property costs.

First Impressions Count

Imagine a potential buyer approaching your home. Think of this as their first handshake: chipped paint, overgrown shrubs, and a lacklustre mailbox create a negative impression, instantly devaluing your property in their eyes. Making small changes like a fresh lick of paint, a welcoming house sign and a well-maintained garden will significantly improve the perceived value of your home. 

Don't Forget Outdoor Living

Don't just sell a house, sell a lifestyle! Functional, stylish outdoor spaces are a strategic investment for attracting buyers. Create a space like a patio or deck with eco-friendly materials, raised vegetable beds or water features. Think about a space you want to create that you could use during the summer months. 

two bright new front doors. One door is yellow with gold numbers saying 31. The door on the right is a light green with gold numbers saying 33

Upgrade the Front Door

A well-maintained, modern front door in a neutral colour is a cost-effective way to enhance Kerb appeal and value.

a yellow foot stool on a brand new beige carpet

Address the Basics

Updating outdated finishes like worn carpets or broken tiles, especially in kitchens and bathrooms, signals to buyers that your home is well-maintained and cared for. This will instantly give your home a face lift and boost perceived property value.

a white open storage cupboard on the wall next to the front door

Maximise Storage

Utilise unused spaces like basements or lofts for built-in storage, appealing to potential buyers.

7 dark blue solar panels on a red brick bungalow

Prioritise Sustainability

Consider energy-efficient upgrades like insulation, new windows, or renewable energy systems for a significant selling point.

Wait for the Market Correction

UK Property prices are expected to continue falling in 2024 due to high mortgage rates and cost of living, but should recover in 2025.

Think About Your Selling Strategy

Those needing to move (upsize/downsize/relocate) may not benefit from waiting to sell as price drops/rises will likely be similar for both buyer and seller. Owners not needing to buy should consider holding off until the market recovers, but factor in ongoing property costs.

First Impressions Count

Imagine a potential buyer approaching your home. Think of this as their first handshake: chipped paint, overgrown shrubs, and a lacklustre mailbox create a negative impression, instantly devaluing your property in their eyes. Making small changes like a fresh lick of paint, a welcoming house sign and a well-maintained garden will significantly improve the perceived value of your home. 

Don't Forget Outdoor Living

Don't just sell a house, sell a lifestyle! Functional, stylish outdoor spaces are a strategic investment for attracting buyers. Create a space like a patio or deck with eco-friendly materials, raised vegetable beds or water features. Think about a space you want to create that you could use during the summer months. 

Upgrade the Front Door

A well-maintained, modern front door in a neutral colour is a cost-effective way to enhance Kerb appeal and value.

Address the Basics

Updating outdated finishes like worn carpets or broken tiles, especially in kitchens and bathrooms, signals to buyers that your home is well-maintained and cared for. This will instantly give your home a face lift and boost perceived property value.

Maximise Storage

Utilise unused spaces like basements or lofts for built-in storage, appealing to potential buyers.

Prioritise Sustainability

Consider energy-efficient upgrades like insulation, new windows, or renewable energy systems for a significant selling point.

A row of colorful, historic terraced houses with chimneys on a clear day. The buildings vary in architectural style and color, ranging from red and white to grey and orange, against a bright sky.two bright new front doors. One door is yellow with gold numbers saying 31. The door on the right is a light green with gold numbers saying 33a yellow foot stool on a brand new beige carpeta white open storage cupboard on the wall next to the front door7 dark blue solar panels on a red brick bungalow

What Adds Value to a House in 2024?

Kristian Goodenough

Co-Founder of The Bespoke Sign House

Can You Share Practical Tips on Cost-Effective Outdoor Enhancements That Have Proven to Increase Property Value?

When looking to enhance the exterior of a property, a bit of elbow grease and enthusiasm can make a world of difference when on a budget. 

Adding a fresh coat of paint on the windows, walls, fences and especially the front door can instantly lift a home's façade, giving it a more contemporary and well-cared-for appearance. 

While small improvements to cosmetic details can go a long way to improve the properties overall aesthetic, consider adding or replacing an old house sign to give the property a welcoming first impression. Tidy away outdoor bins, trim back overgrown bushes, cut the grass, pull weeds from the paths, and spread some fresh mulch over flower beds will turn a once overlooked space into an inviting entrance. 

All these cost-effective enhancements will go a long way to presenting it as a well-loved home.

Tom Atkins

Senior Architectural Technologist

What Exterior Enhancements Around the Entrance Area, Have You Found to be Particularly Effective in Creating a Lasting Impression and increasing Property Value?

Instead of looking to replicate the past, there is a greater focus on taking inspiration from past architectural styles and adapting these for modern living, incorporating modern construction methods and design ideas. This has resulted in a simplification of the external facades, with fewer materials, cleaner architectural lines, and unfussy detailing.

Internally, open plan living is preferable with large multi-functional spaces, utilising natural light with large areas of glazing and roof-lights linking internal spaces to outside.

Phil Knott

Owner of Genesis Gardens & Landscaping

What are the Key Considerations Homeowners Should Keep in Mind When Planning Landscaping Projects to Maximise Property Value?

It is imperative that careful consideration is given to the overall design and that it is created avoiding ‘tick box’ features. The scheme as a whole should best utilise the available space to be both attractive and functional. The choice of building & landscaping materials is also important to compliment or contrast one another well and of course the property too.

The use of re-cycled materials and ecologically friendly solutions is important and could certainly add value to a scheme. Despite the outlay, it can make good sense to engage a Garden Designer to create a garden plan that works on all levels.

Mark G.

Mortgage Consultant

Do You See Property Prices Falling Even More This Year? What is the Main Reason for This?

The general feeling in the industry is that property prices will continue to fall throughout 2024, by how much is very hard to predict. This can be attributed to high mortgage rates and high costs of living. It’s expected they will recover going into 2025.

A year or two ago, it would be common for properties to be sold at above the listed price. Now I see more properties being sold at just below, or for the asking price. Again, this is possibly due to the higher interest rates, and the cost of living.

10 budget-Friendly Ways to Add Value to Your Property in 2024

Even in a changing market, significant value can be unlocked in your property.  We've curated 10 quick, budget-friendly tips in this guide to help you achieve this. From cost-effective upgrades to space-maximising strategies, these actionable steps allow you to make informed decisions and enhance your home's appeal: