Extension and renovation – more ways to add ‘liveability’ and realistic financial sales value to your home!

During these challenging times there has been much information, here on this blog of late, reference the advantages of opting for a home extension and renovation instead of taking on the challenge of moving home. Key of course is to ensure your extension or renovation adds value to your home when indeed you do eventually decide to sell and move on.

Here are some words of wisdom reference extension and renovation with value ‘built in’ via the expert property reporter team, this time namely Holly Herbert of’ ‘We Buy Any House’

open-plan living

She quite rightly points out the value of creating a more open-plan living area at home, which can often involve quite modest works. This can be such as the odd wall removal or perhaps a general re-organisation of a door or two. These kind of steps, suggests Holly, can create a fair 15% increase in home value – some £38,000 on the average house price right now.

desirable

For sure, open plan living areas are incredibly desirable for house-hunters, and they are a great way to make your living area and kitchen feel modern and bigger than it would appear as separate rooms. Knocking down the interior walls could be a DIY job, but it’s important that you establish whether the wall is load-bearing before doing so.

ask an expert

If it is, then you will need to ask for some expert help to find a solution, as knocking down a load-bearing wall can of course have disastrous consequences. Any knocking down of walls needs, of course, to be discussed with the builder you might have in mind to manage your project.

great ‘family living’

Adds Holly, “Creating an open-plan living area will surely increase your home’s sales value when done well”. Of course, it is also fair to say that a modern open space is a great family living environment. It is very much worth having and enjoying in in your home even if you don’t have immediate plans to move right now . You can after all cash in on its value when you move later.

Also, on the subject of home ‘value’, additional toilets or bathrooms – are always very useful of course, and usually quite practical to install. They can offer a good value price increase and also have real appeal to many buyers. A spare under-stairs cupboard or unused storage space can quite often be readily converted into a useful downstairs cloakroom with toilet and even also a shower facility.

beware

You should beware of losing a bedroom by going for an extended or extra bathroom though. That probably does not aid your home’s value, even if it is useful for you and yours right now. In this respect you are better to create a small en-suite planned into one of your larger bedrooms.

storage solutions

Holly also highlights the value of creating storage solutions out of spare unused spaces in your home. These kind of projects can add up to a 5% increase in value, and more, if it is done with good planning and imagination. As Holly points out, making the most out of nooks and crannies in your home, can really make features stand out, as well as adding value.

Adds Holly, “Converting those under-stairs cupboards or alcoves into storage areas or even perhaps a desk working area, helps to make your living areas more practical, and can add value by making your home look more unique and functional”.She adds that the price value added by storage can be difficult to pin down and varies hugely depending on the amount of storage in question. Large scale projects like a wine cellar or basement renovation really do of course add a significant amount to a home’s value.

For sure good storage is very appealing to buyers, even if it does not significantly increase the overall value. It will help to make a property more desirable and will also very much add to a home’s ‘liveability’ – an issue, of course, which has proved most significant during these challenging Covid times as we at Mint have been highlighting here on this blog of late.

words of wisdom

To end on, also via Property Reporter, are words of wisdom from Vlatka Lake, Marketing Manager at The Space Station firm, who adds, “Adding value to your property is something that can be easily done by any home-owner, whatever the size of their budget. There are so many ways to inspire home-owners to make the most of their spare space, and in doing so they can certainly realistically maximise their property value for the future when they come to sell.”

We at Mint Builders are, of course, here to help locally with all kinds of questions and ideas relating to the priority planning and organisation of your home extension or renovation for Spring and Summer 2021. We have the expert contacts on hand to ensure your project gets sorted exactly as it should be…and at a price that works for you!

Feel free to request our project planning and quotation visit to refurbish or extend your home for more ‘liveability’ and increased future sales value in these vaccination focused Covid crisis times. Contact Mint Builders on 07734 211958 or email mintbuilders@hotmail.co.uk