Making certain changes to your home can add thousands to its value
Adding value to a home can be the difference between a quick, successful sale and waiting months for the right person to snap it up. Across the UK, different enhancements and modifications can increase the value of a home depending on the area.
"Smaller projects like a garden room or general painting and tidying are sometimes all that needs to be done depending on the area, as prospective buyers are most interested in kitchen space, bathrooms, access to the garden, and the outside space itself. With the UK housing market currently at a low point due to high mortgage rates, improving the saleability of a property is crucial.
Such big projects can be expensive, costing anywhere between £5,000-£15,000, but paying upfront to resolve any issues will allow the property to retain its value. Prospective buyers will be reluctant to pay the asking price if issues like this exist, resulting in the price being decreased. 3. Upgrade plumbing and electrics If the property is older than 50 years, it is worth checking the electrics and plumbing to see if they still need to be upgraded. Like subsidence and damp, these issues can be costly, and buyers may be reassured if rewiring or new plumbing has been installed recently. A full rewire of the average 3-bed home can cost between £4,000-£5,500.
The average cost of a loft conversion can reach anywhere from £40,000-£80,000, but there is often no planning permission needed, and it is easier than an extension to the property.
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