Many home-ownerss across Cheltenham and the Cotswolds will for sure have lots of plans for home improvements for 2020, due to the still uncertain state of the housing market at the start of the new decade
You don’t need us at Mint to tell you here that when you are planning renovation, refurbishment or extensions for your home it makes sense to very much keep in mind the need to also add value to your home. That way what you spend now will be reflected in the price of your property when you sell it going forward when the housing market in general improves.
With this in mind we were very much impressed with an exercise by the Home Owners Alliance found online by our Editor. They asked over 300 members of the Federation of Master Builders (FMB) and estate agent members of the of Property Professionals which projects will add the most value to your home. Check below … it’s for sure, a very interesting read……
As a starter, take note knocking down a wall for an open living area was the best way to add value to your home. Reports the HOA – “Our research found that removing an internal wall to create an open plan kitchen and diner It could cost around £3,500 but add £48,000 to the average London property or £27,000 to the average home in Dorset. Not only will this add value to your home, it should also make it more pleasant to live in, with more and more of us opting for open-plan living.”
For sure, as we see at Mint see it, knocking down walls of course means more communal spaces where families can enjoy quality time together, Best of all, this is a relatively simple project that most builders can complete in under a week. So, tip-top added value in a mere week or so!
We have mentioned the all round advantages of a Garden Room on this blog here before. The HOA highlight the fact that depending on home location. a modest £6000 plus spend on a garden room could well be doubled in added value depending on certain specification complexities.
Example indicators quoted are that building a garden room adds around £36,000 to an averagely valued home in Surrey, or £10,000 in London, – so says the HOA’s linked research with the Federation of Master Builders (FMB) and The Guild of Property Professionals. Check out more advice, ideas and costs, from the HOA guide Garden Rooms: Where do I start?
Most people are well aware how important the kitchen is to the value of most homes. The HOA suggestion that a spend on a kitchen ‘spruce up’ can turn a spend of £4,000 or so into some £15,000 of added value. We at Mint are well aware of added values we have achieved in the recent past through some very competitively priced kitchen refurbs, extensions and renovations
As the HOA point out a new kitchen isn’t just a treat for you. It can also significantly boost the value of your home. They add – “Putting in a new worktop, cabinet doors or floor doesn’t have to break the bank – it costs around £4,000 on average. But, it could add £17,000 to the value of a London property, or the FMB and The Guild of Property Professionals found it could add around £15,000 to the average home well out of town in Cambridgeshire.
Another good earner explains the HOA is a downstairs toilet It’s a big attraction to a variety of different buyers. Of course adding a downstairs loo will make your home attractive to young families with children, those that like entertaining and don’t want guests wandering upstairs, to older buyers who might be looking to future proof their homes.
Says the HOA – “So, turning wasted space, such as an under-stairs cupboard into a loo can add value to your home. This is a great project if you have a limited budget because for only a relatively small outlay of around £1,500 you could add around £26,000 to your home’s value, according to our research.”
Finally for now, another way key value can be added in the ‘bathroom stakes’ is to carve some space out of your master bedroom to create an en-suite. The job should take around 11 days and would you believe it could add a huge £14,525 to the value of the average London home ..and it would be a ‘hot’ earner here too in lots of areas around Cheltenham and the Cotswolds
here to help
Highly useful information for sure all the above – so take note …..and if you have plans to add value in 2020 to your home around Cheltenham and the Cotswolds (for when you do make that move later on), we at Mint can help make it happen whether refurb, renovation or extension. Check back here soon for some more added value ideas compliments of the HOA via the Federation of Master Builders (FMB) and estate agent members of the Guild of Property Professionals. For more go here:- https://hoa.org.uk/advice/guides-for-homeowners/i-am-improving/how-to-add-value-to-your-home/
Refurbishment, improvement and extension of your home. Mint offers a full development and finishing service to add value to your home. We are here to help with any questions or concerns you may have. We have all the expert contacts on hand to help you. 6
Whatever your need, please request your quotation to improve, refurbish or extend your home . Contact Mint Builders on 01242 279739 or email email@example.com