A recent survey of over 200 of the UK’s leading estate agents across the UK, carried out by movewithus, has revealed the top 14 ways in which home owners can add value to their property ahead of a sale.
Based on the average house price, as reported by the Land Registry*, adding an extra bedroom could increase the value of the average property by just over £14,500. Less expensive options include a simple installation of an alarm system and new conservative decor, which could increase the value of a property by £2,650 and £6,127 respectively.
Loft conversions remain popular, adding a typical value of 7.1 per cent or £11,757, an extra bathroom could add another £10,101 and a new kitchen presents a return of around £9605 on average. That last figure may not seem quite high enough when you look at the price of a new kitchen, so presale kitchen instalments may need to be carefully considered.
Parking space is another big winner with buyers; so if there is no space currently, it might be worth looking at the front garden – you never sit in it but if you could get access and lay a good hardstanding, it could add an average of £8611!
Robin King, movewithus director, commented, “There are a number of affordable home improvements that can be made to add value to a property, which often results in thousands of pounds more being achieved at the point of sale. Our survey revealed that sellers on a budget can add value to their home with a few low-cost improvements, such as improving the garden or having an alarm system.”
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