How to add value to your home
From emergency repairs to cosmetic changes, any work you do on your home should add to its sale price, or at least help retain its value. But if the improvement aren’t done out of necessity, think carefully about the changes you make as certain alterations add more value than others.
A few things you could to to add value to your home can be minor such as improving the curb appeal, simply tidy up the front garden, wipe the front door, add some bright coloured hanging baskets just to make it more appealing to potential buyers. However, to ultimately enhance your property value look at fitting a new kitchen or sprucing up your current one. Kitchens are the heart of the home and the first room viewers really take note of!
Making your property more energy efficient can increase the value, as we all know in todays climate saving money around the home is important.
What adds most value to your home?
|
Improvement |
Estimated cost of improvement |
Value added on average (%) |
|---|---|---|
| Garden landscaping | £2,750 | 77% |
| Gym | £10,000 | 44% |
| Extension | £80,000 | 37% |
| Walk-in wardrobe | £3,400 | 34% |
| Jacuzzi/hot tub | £6,000 | 27% |
| New kitchen | £7,500 | 26% |
| Swimming pool | £30,000 | 22%Est |
| Basement conversion | £90,000 | 17% |
| Conservatory | £9,000 | 10% |
| Driveway | £25,000 | 9% |
| Wet room | £7,500 | 7% |
Source: Post Office Mortgages
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World Earth Day 2024
How to make your home greener? Install energy efficient lightbulbs Use appliances such as air fryers and slow cookers to cook meals Recycle and re-use items, even the smallest bit of plastic can be recycled Conserve water where possible and avoid chemicals going into the water way by disposing of them correctly Take re-usable shopping bags when you go shopping Unplug appliances when you're not using them Hang clothes to dry instead of using a dryer Go paperless on bank/bills We can all play a part in making the world a greener/safer place and making small sustainable changes.
Are you, your friends or family struggling to remortgage? Our in house mortgage advisor can help! There is a new mortgage offer in place whereby the basic criteria is: Must be married, you can use your partners income to top up how much you can borrow. Borrowing up to 70% loan to value Best part is, your partners income does not need to go on the mortgage or application. How does it work? Illustrative example: Mr Smith buys a property in his sole name with an income of £30,000.00 per annum, Mrs Smith is not named on the mortgage however earns £20,000.00 per annum, we use 50% of Mrs Smith income within the affordability. A total income of £40,000.00 to be used in the affordability based on 2 adults living at the property. Miss Johnson wants to remortgage her property and has an income of £45,000.00 per annum, her partner Mr Taylor who is not named on the mortgage but living at the property earns £35,000.00 as a self-employed plumber. A council tax bill is provided as evidence that Mr Taylor resides at the property. £62,500.00 to be used in the affordability Get in touch today to speak to our inhouse mortgage advisor.