Want to sell your property on, but don’t know how to improve on price return? Well its not free but we’ll tell you, there sure is one way to up your property value and that’s through conversions and extensions!
Don’t get that deal? Surely it isn’t worth the money you say. Well here’s some reasons to help you decide, showing it really is the only way to go…
1. Big House = Big Value
Needing more space is the number one reason for why people want to move to a new house, so converting and extending is a great focus to have when it comes to property improvement; it doesn’t just upgrade the living space you have, but it instead creates more space than there was before.
Living space is a valuable thing especially with people who want to, or are starting to, build a family, so remember that maximising space in a home is never bad. Many younger occupants use things like conservatory spaces and extensions as outlets for playrooms, whilst older citizens often facilitate them as scenic sitting areas which traverse onto the garden or as reading rooms. They can even, depending on where they are added, create additional space in existing rooms to fit in en-suites, storage spaces etc. Whichever a buyers plans, keep in mind that you don’t have to fit the room just provide the space, something a little extra investment will easily supply and what a turnaround this will make for you…
2. Big Value = Big Dosh!
Of course, we all understand that it’s not just a kind, simple gesture to help out a new inhabitant. No, you want the money from your extension, right? Well, with your new construction in let us tell you, you will make some mega dosh! Not only do you increase the living space (which people are only enthusiastic to pay for) but with every square inch your house value will climb and climb and climb and that means profit; who doesn’t like profit? In fact, as average UK prices go, such a lot can be achieved by just adding extra square footage or facilitating more usable space.
Notable constructions you may not have considered that will guarantee you higher property value:
- An en-suite in existing space at a cost of £10,000 can add up to £30,000 in house value.
- A downstairs loo for a simple £2000 can add another £10,000 to you home.
- And a garage conversion into living space for upwards of £850 can add up to a whopping £50,000 in value, so really why not?
Keep these improvements mind and you’ll be more than set for selling on. Good luck with all your plans, we hope they turn you good profit!
Nick Fox started his property investment career 10 years ago and his portfolio has grown to one of the largest in the UK. Nick now mainly focuses on HMOs (houses in multiple occupation) and works to help others achieve property success too. Visit here to find out how he can help you.
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