The number of newly-listed properties coming on the market at this time of year has hit an eight year high*. If you are thinking about selling, it might be worth investing to make your home stand out from the crowd. Julian Peak, Sales Director of KFH, discusses how to add value to your home:
- The most important consideration when extending your home is to ensure the living accommodation supports the number and size of bedrooms and vice versa. For instance, building a single story rear extension to create a larger kitchen or additional reception could add substantial value to a property, but only if you have the sleeping accommodation to support this. Doing a loft conversion at the same time as a ground floor extension often saves money and adds considerable value.
- When considering extending always have light as one of your major considerations - creating vaulted ceilings and inserting large Velux windows is very rarely wasted money. Try to create large open-plan spaces while ticking off a few easy wins (a cloakroom, utility and study) in the process, as all of these add value.
- Knocking through kitchens into dining rooms to create a larger kitchen/breakfast room is an effective way to add value to your home. This is often reasonably cheap and would, in most instances, only require building regulation approval rather than planning permission. It is important to remember that kitchens are often the primary 'selling room' and a large, well-planned kitchen/breakfast room can sell the house by itself. In addition, adding downstairs cloakrooms and en-suites to main bedrooms can also add value to your home fairly cheaply.
- When considering an extension, it is important to commission a top local architect, preferably one who has worked on similar projects nearby and has a good working relationship with builders and planners. Do not cut corners and go for a cheap option. You will often have to wait for the right builders, but by planning your extension well in advance, you will get exactly what you want.
- Local planning departments will have policies on the maximum ratio of footprint to plot size, but the old adage of 'all house and no garden' still applies. Where an extension takes up too much of the garden it may actually reduce the value of your home, especially when the extension stops light reaching the garden. The garden aspect is one of the most important factors when considering extending and is too often overlooked.
- When it comes to selling, it is vital to de-clutter. Not only is this liberating for you, it also maximises interest from potential buyers.
Here are some examples of renovated properties currently available for purchase.
If you’re looking to sell, or would like advice about adding value to your home, contact one of our local branches.
*Source: Rightmove’s House Price Index, February 2016