There are more than a few reasons why you could be looking at how to increase the value of your home. Whatever the property you own is; a small flat, a luxury apartment or a house, there are so many ways in which you could improve your property and increase the resale value when selling a property, getting you a lot more for your property.
In areas such as London and Greater London, more and more people are turning to these ways of improving the overall value of their homes. With property prices high and moving homes becoming increasingly difficult, some good quality home improvements might be just what you and your property need.
An investment in your property in a day and age where there is increasing demand upon the UK housing market means that there have been few better times over the years to own a property with the view to improving it. Once you have the correct permissions and regulations sorted for your property, there is so much you can do and achieve with relatively small areas of the property in question.
From renovations to decorating and all else in between, there are options around to suit every budget and satisfy even the fussiest of property owners. It can be so simple to increase the value of your home for any purpose. Whether you want to release some equity, take out a mortgage or sell it, your property will always thank you for improvements that increase its value.
Popular Property Upgrades
There is so much that you can do to your property, especially if it is a house that you own. When looking to sell a property, perhaps in order to move up a few rungs on the property ladder or to simply downsize and have a bit of extra money left over in the bank, the value of your property is always in the forefront of your mind.
There are more than a few ways in which with a relatively small investment, you could see your property’s valuation rise by potentially over 20%.
You of course want to get the very best for your property and want to achieve the optimum sale price, maximising your profit, but how can you do this?
By far, the easiest and most popular ways to increase properties’ value is through good quality and well thought through renovation projects; all of which add a lot more than aesthetics to your property.
Building a Conservatory – One of the most important factors that buyers will look for is the sheer amount of living space available. A conservatory will add a few more metres of bright and sheltered living space within the property. As long as the conservatory addition matches the décor and style of the property, you could potentially add over £5,000 to the value of a property you are looking to sell.
Loft Improvements – This is one of the most tried and tested ways to increase your property’s value by 20% or sometimes more. With loft extension and conversion prices sometimes being as low as £25,000, this has proved to be a seller’s goldmine. For example, for a house worth £450,000, a loft conversion could increase its value by around £90,000 or more.
Get a Basement – Basements are by far one of the most expensive additions you can make to your property. However, even though they can cost in the region of £200 per square foot just to complete the digging, they can add heaps of value to your property. Simply put, by installing a basement in a 3 storey property, you can increase the amount of living and floor space by around a third. This means that the value of the property can shoot up. With a property that has say 2,000 square feet to start off with, a basement could add 1,000 square feet of space to the property.
The Keys to a Better Property Price When Selling
Investing in your property is rarely a bad idea. With the most popular renovations and improvements serving to add tens of thousands of pounds, if not more to a property’s value, there has never been a better time to get started with improving an aspect of your home. Whether you add more floor space for occupants or simply spruce up an already renovated and improved property, you will be sure to feel the dividends when you sell your property.