If you’ve just come into some money, you’re no doubt wondering what to do with it. Whether it’s the result of a lottery win, a gift from a relative who’s passed on, or a bonus from your boss, you don’t want to witter it away. Instead of planning a fancy holiday and a car upgrade, why not invest it in your home?

Just think, by putting the money into your property, if you ever decided to sell, your home would have a higher value. The real estate market goes up and down, but if you make the right changes and sell at the right time, you could make a fantastic profit. This could be used for your kid’s college fund, starting a new business, or for your retirement. Let’s have a look at some ways you can invest in your home and increase its value.

Landscape your garden

When it comes to upgrading our home, a lot of us fail to think about the garden. However, we shouldn’t do, as the state of your property’s outside space has a big impact on how much it will sell for. If your garden is in need of a little TLC, now could be the ideal time to landscape it. Not only to increase the value but also so that come summer, you have a relaxing outdoor space to enjoy. Perhaps you could even add a summer house, making your yard an even nicer place to be? You could use your summer house as a guest bedroom or a separate home office – this would add even more value.

Have a new roof fitted

If your home’s roof is a little outdated and old, now could be a good time for an update. You may not realize it but updating your property’s roof can make it more valuable, simply because roofing can be expensive to repair. A great investment to make is having a new roof fitted, as this will instantly boost your property’s value. Plus, it will prevent any water damage affecting your home’s attic or structure. As well as adding value, an update like a new roof shows buyers that the property has been well maintained and looked after. This will make it a more appealing buy, should you ever choose to sell up.

Add an extension

Have you always dreamed of adding extra space to your home? Well, now is your chance. An extension will not only give you and your family the extra space that you crave but also makes a great investment. Of course, extensions can be costly, but they’re more than worth the time, money and effort. If you’re unable to afford a full extension, then perhaps you could consider converting part of your home instead? A loft conversion is a good option because it’s cheaper and still adds a good amount of value. As is a basement conversion, however, these can be a little more expensive. Whatever you opt to do, if you increase the size of your home it’s a good investment as it will increase the value.

Hopefully, these suggestions have given you some ideas for investing in your home, helping to increase its value.