Increasing your property’s value
How to get the best return on your biggest investment.
Attic conversions are an ideal way to add value to your property. They are one fo the least disruptive ways to add square footage to your home and will significantly add to the price of your property.
Extensions can add value to your home, particularly if you are adding an extra bedroom or extending the kitchen area. But beware – it will mean a smaller garden, so ensure that the interior and the exterior of the house are proportionate.
In areas where building up or extending your property are not viable options, converting an existing cellar is a great way to add value to your home. But to dig beneath the house to gain a basement it can cost over £80,000 – this will not be easy to recoup when selling your house.
If you have a garage or outhouse, this could be used to add a unique feature room such as an office. As many people are now choosing to work from home, an office, away from the the distraction and noise, will add to the value of your home.
Tear it down
Open plan living has become popular with kitchens, living rooms and dining areas being used as one large family space. Knocking down walls to create a better flow can be an expensive option when trying to add value to your property. If walls are not load bearing it is a quick process and can cost as little as £70. if they are it will be more complex, expensive and you will need planning permission.
SELLER BEWARE – Every home has a ceiling price, so ensure that costs incurred don’t outweigh the value added from refurbishments
Under your nose
There may be existing space right under your nose that you can make use of. If you have a small spare room, turn it into an extra bathroom. You could also remove the wall between a bedroom and a spare room to make it into an en-suite. If you have a walk in wardrobe or dressing room, changing this into a bathroom will prove valuable and increase your selling price.
Bathrooms can really benefit from a little remodelling and can increase the overall selling price of your home. Trends have moved towards neutral colours. If you have a peach coloured suite circa 1970 then it should be replaced. If your bathroom is already a neutral colour, then keep it clean, regrout thetiles and add nice towels, new mirrors, chrome fixtures, a heated towel rail and matching accessories. We also advise investing in features. Adding sought after extra touches like a power shower, a jacuzzi bath and double sinks can give you a great return on your investment.
Kit out your kitchen
The trend towards using the kitchens as a family space instead of somethwere to simply cook food, means your kitchen can add greatly to the overall price of your home. A well groomed kitchen is usually one of the selling points in a property. Unfortunately it is also one of the most expensive to redecorate and refurbish. It is therefore not advisible to rip out your kitchen and start from scratch. Change fixtures and fittings in the room instead. Replacing cabinet doors and adding a worktop will greatly enhance the look fo your kitchen.
Its getting hot in here
Many older houses do not have central heating. Installing a central heating system will greatly enhance the price you can command when selling your home.
Installing double-glazed windows willl not only add value to your house, but will also increase the overall comfort of the property. They are extremely energy efficient and will also inmprove the “kerb appeal” of your property. New windows are a great way to improve the value of your home. Due to new buidling regulations the standard of new windows is now very high and modern qwindows are attractive as they are easy to clean and energy efficient.
obtaining planning permission is certain to add value to your property. Even if you don’t plan to use it while living in your house, the option will be valuable to potential buyers when the time comes to sell your house.
PLANNING REGULATIONS. When making changes to your home ensure you visit the governments Planning Portal for advice www.planningportal.gov.uk
Light creates the illusion of extra space and will make your home more attractive to potential buyers. Buyers avoid dark, cramped spaces. Consider increasing the amount of natural light by adding skylights around your home, particularly in hallways, landings and kitchens. Raising ceilings and changing colour schemes will also help.
Spend money on what can be seen. Visibility adds value. Make the most noticeable improvements for a visiting buyer. Paint all rooms in neutral colours, such as cream or white. Matching your blinds or curtains to the colour of the room will also give the feel of extra space.
Flooring has the biggest impact on the house as a whole. Today carpets are no longer acceptible in certain areas of the house. Common sense should dictate what flooring to use where. Generally hard flooring (tiles and wood) downstairs and in bathrooms and carpets in bedrooms for added comfort.