A recent survey revealed how you could add up to £50,000 to the value of your property in just seven days. Take a look at our blog to find out more details.
For many homeowners, making improvements to their property is about ensuring it’s the right place to live, but it never hurts to think about how the changes you make could have a positive impact on that home’s value in the future.
A joint survey by the Federation of Master Builders (FMB) and the HomeOwners Alliance (HOA) recently revealed how you could add up to £50,000 to the value of your property in just seven days.
The organisations picked out a number of projects that can be completed within a week and that will add thousands to the price of your property. For instance, they revealed that removing an internal wall to create an open-plan kitchen diner could increase the average value of a London home by £48,417.
Investing in kitchen improvements can also have a big impact on the amount you can sell your property for. According to the research,
installing new flooring, a new worktop and new cabinet doors can add up to £26,838 to the average Dorset abode.
To get a really striking kitchen for less than the original retail price, consider buying an ex-display kitchen and you could find the project costs less than you thought but still has the same impact.
FMB chief executive Brian Berry commented: “By investing in low cost, high return projects not only will you make your home a more pleasant place to live, you’ll also be increasing its value significantly.”
If you’re going to carry out a kitchen revamp this year, it’s vital that you cost it properly though. VELUX recently revealed that one-third of homeowners who are planning a major home improvement project have yet to cost it, while 76 per cent admitted they don’t know how they’ll pay for it.