How To Increase the Value of your London Home!
In this article we’ll be looking at how you can increase the value of your home, which we believe will be a great resource for homeowners trying to sell their home within the next few years or trying to find out what projects they can undertake which would increase their square footage which will be an asset for them.
Building a Conservatory
A Conservatory has long been seen as an ideal way to build into your garden to increase square footage in your home. Many people tend to lean towards this because it provides a great blend of indoor / outdoor space which many people love especially when it comes to outdoor dining, and entertaining guests, and watching children while they’re playing sports outside.
A Loft Conversion
A Loft Conversion is a great way to improve the value of your home because it can automatically add an additional bedroom to your property. a Loft Conversion in London can add significant value to your home with the average price increase with an extra bedroom being an additional £70,000 it can certainly add the value of your home especially when compared to the mere £10,000 – £15,000 it can cost to do a loft Conversion and depending on how large your loft is you could potentially add two bedrooms.
A recent survey in the barnet area has shown that loft conversions can increase the value of a home by 12 – 15%. Jeffrey Shure a loft conversion specialist in manchester has stated that it often adds circa 10% to the homes value.
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Installing a Basement Conversion
Again very much like a Loft Conversion installing a basement conversion can automatically additional square feet to your home, however it is significantly more expensive than some of the other options.
It generally costs £200 per sq ft for the digging plus an additional £100 per sq ft for the fittings that for many homes it may not be worth carrying out this additional project. There has been a recent trend lately with homes in Knightsbridge and Chelsea with very strict council planning permission guidelines and restricted space for an extension building downwards to create super basements however this is out of the reach for the average home owner.
One of the best renovation projects you can do is a kitchen especially when selling a home. The kitchen has now become a central part of our lives and has now become a show piece area for the home with islands, and modern (I personally love the copper effect) fittings can significantly add to the value of a home.
typically a new kitchen will add about 5% to the value of your home therefore don’t overdo it and restrict it to a level where you feel you would still see a return on your investment. check out made.com for some great style ideas!
Knock Down Walls
The quickest way to make a room feel more spacious, is by actually make it more spacious by knocking down some walls and going for a more open plan feel, I for one love the open plan living room / kitchen combination, I couldn’t imagine living in a home where this was standard.
having seperate rooms is soooo 20 years ago….why bother with walls at all!