Hello World! Welcome Friends! The housing market has seen significant boosts to the value of property in the last two years, but these increases hang in the balance after government failures caused mortgage rates to rise unsustainably. With a potential crash imminent, it stands to reason that anyone in property development should be wringing every possible penny out of their next project. What are some key improvements you can undertake to boost property value in today’s market?
Essential Repairs
While these improvements are not strictly offering anything new to prospective buyers, they are nonetheless crucial to meaningfully growing the value of your property and ensuring a swift sale. All too often, buying processes are delayed or halted by the discovery of significant structural or otherwise impactful issues, from subsidence to damp and leaks.
As such, ensuring your home is properly repaired and maintained is perhaps the most important step you can take in adding value – and ensuring that value is maintained throughout the conveyancing process. A new roof adds longevity, which itself can come with a significant price increase.
A Garden Office
One of the initial drivers behind the 2020 boom in the housing market was given the moniker ‘the race for space’. Various demographics of potential buyer found themselves with the same search criteria; new families were keen to escape cramped urban homes for more spacious suburban properties, while furloughed and newly-remote workers looked for properties with more space in which to both live and work.
The latter phenomenon is just as prevalent as ever, as more and more businesses extend remote and flexible working schemes to their staff. You could directly indulge this growing demographic by adding a new space entirely, in the form of a garden office. In constructing an insulated, heated, and powered outbuilding, with a smart décor and neat paving slabs providing a walkway from home to ‘office’, you can create the perfect office space – with the bonus of removing working spaces from the main footprint of the home.
Sustainability Measures
An issue of growing import for house-buyers is that of sustainability – an issue that has been thrown into hard-focus by the current and growing cost-of-living crisis. As the cost of energy remains significantly higher than its mid-2021 average, more households are struggling to afford their usual heating habits.
This, naturally, has house-buyers preferring energy-efficient homes over unsustainable ones. Not only will they be looking for comprehensive and up-to-date insulation, but also efficient heating systems. Replacing your boiler for a new efficient one, or for a new form of heating system entirely, can significantly raise the value of your home as well as its appeal.
A Loft Conversion
Lastly, sometimes the simplest options are the best. Adding floorspace to a property is a sure-fire way to increase its value, and converting your loft to an additional room or floor is the most accessible way to do this. Labor costs are minimal and planning permission is generally not necessary, enabling you to add tens of thousands in value for little hassle.
Click the links below for any posts you have missed:
3 New Considerations for Interior Design Success
Pros and Cons of Downsizing Your Home During the Rising Inflation
How to Improve the Efficiency of Your HVAC
How Business Storage In Calgary Ensures a Smooth Office Move Experience
12 Things You Should Include in Your Project Expenses
Shopping for Household Items and Supplies? 6 Tips to Save Money
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Toodles,
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