As property owners, now has never been a better time to consider how you might add value to your building or home. With so much time available to families and adults in the UK due to social isolation requirements and an increased tendency to work from home, the potential remains for a modest home-improvement project that can improve your quality of life and add tangible value for a future sale or step up the ladder.
This article explores popular and value-adding projects you might consider – and how you might pay for one for your own property.
Before listing investments that add value, it is important to start with a real caveat that many property owners fall foul of. And that’s overinvesting in the wrong areas. Despite the stimulation of the housing and property market, demand doesn’t mean throwing money into the pit that is your property is a great idea, whatever you decide to improve.
It’s important to make the right decisions on where that money goes. For instance, installing new doors, such as a bi-fold design, can provide a significant profit when compared against the typical costs of parts and labour to have the work done. By comparison, a full loft conversion may add value to your house but is typically twice as costly as that added value in the UK market – approximately £10,000 value gained for £20,000 in work, on average.
Many of the ways you can add value to your property and encourage its sale related to simple ‘kerb appeal’. This is the positive impression your property gives when first viewed from the outside.
Projects that revolve around kerb appeal, such as garden work, window replacement and façade restoration, tend to be cheaper to perform. And while these might not explicitly add to the estimated value of a property, they can be tremendously important in elevating first impressions for prospective buyers and renters.
So, instead of considering a significant project that will require planning approval from your Local Authority, consider instead whether your properties are in a state where kerb appeal improvements could realistically improve their desirability for purchase or renting.
Property and home improvement are popular for a reason. Done right, it can add real value and improve the living quality of the present users. Everyday Loans provides loans for such reasons regularly, offering an example of a modern lender that gives enough flexibility to its applicants to make a loan feasible and practical.
A benefit of unsecured loans is flexibility. Applicants can request exactly as much as they require and negotiate repayment rates that suit them best. Simple landscaping to boost that first impression? A modest amount might be all you need. Considering a more significant piece of work, such as the replacement of windows to improve energy-saving? A higher amount could just as easily be requested.
With many adults holding onto savings to weather the current storm of uncertainty, additional financing options help to round out the toolkit where future planning is concerned. When requested responsibility, extra capital can help a property owner to elevate their offering to a higher value or a better degree of desirability in their respective market.
Don’t miss out on the chance to attend two free Safeguard Europe CPD-accredited webinars on the 12th and 13th November.
Posted in Articles, Building Industry Events, Building Industry News, Building Products & Structures, Building Regulations & Accreditations, Building Services, Continuing Professional Development (CPD's), Damp & Waterproofing, Facility Management & Building Services, Information Technology, Posts, Restoration & Refurbishment, Retrofit & Renovation, SeminarsIt is generally safer to use work equipment such as tower scaffolds, podium steps, temporary stairs or MEWPs (Mobile Elevating Work Platforms) than ladders. Scafftag has more…
Posted in Articles, Building Industry News, Building Products & Structures, Building Regulations & Accreditations, Building Services, Facility Management & Building Services, Health & Safety, Plant, Equipment and Hire, Security and Fire Protection, Site PreparationThe key to creating an acoustic wall or floor that delivers on its promise is to ensure all areas of the construction are treated in the most effective ways to minimise the potential for sound paths. Hush Acoustics has more…
Posted in Acoustics, Noise & Vibration Control, Articles, Building Industry News, Building Products & Structures, Building Services, Facility Management & Building Services, Floors, Restoration & Refurbishment, Retrofit & Renovation, WallsVelstone, a leading manufacturer and supplier of solid surfaces, has emerged as the ultimate solution that excels in all three key areas, making it the smart choice for educational environments.
Posted in Articles, Building Industry News, Building Products & Structures, Interior Design & Construction, Interiors, Kitchens, Restoration & Refurbishment, Retrofit & Renovation