Simple home improvements can increase the value of your property by £50,000
The UK has experienced a property mini-boom during the coronavirus pandemic thanks to the stamp duty holiday.
However, with the tax break due to come to an end on March 31 many Brits are still looking to sell their homes.
And, experts predict that prices will drop alongside the end of the duty holiday.
So, what can you do to increase your home value?
Estate Agents Douglas & Gordon have put together a list of the DIY projects you could do to increase the value of your house by up to £50,000.
Have you done any DIY this year? Tell us what you tried in the comments…
Home Office: +80% increase in searches (up to £20,000)
Naturally, those working from home want a comfortable, practical office space to work from — whether that's a corner unit or an entire office extension.
A home office extension could boost your property price by an average of 8.4% (around £20,000 for the average UK home).
This number may only increase with more people working from home permanently.
Gardening: +21% increase in searches (up to £2,000)
Gardening has been more popular than ever during lockdown.
Brits are even planning to use their gardens in the chillier winter months, with searches for outdoor heating up 300%!
And while gardens are notorious for ongoing work and maintenance, the payoff can be worth it.
A well-kept garden can add as much as £2,000 to your property's value, with sheds, patio/paving and secure fencing being essential features to buyers.
Lighting: +19% increase in searches (up to £7,200)
LEDs, overhead lighting, up-lighters, table lamps and pendants are easy and simple ways to highlight features, soften the mood and create a warm, homely atmosphere.
Plus, making rooms look light, bright and inviting is essential to appealing to buyers and getting the best value possible for your property.
LED lighting can boost value by 1–3% (£7,200 for the average UK home).
Extension: +13% increase in searches (up to £20,000)
Adding an extension to a property is a hefty task, but there's no better time to do so.
Single storey extensions add around 4–7% to a property's value.
Even better: double-storey extensions add as much as 11% — about £26,000 for the average UK home.
Like what you see? Then fill your boots…
Want to bring a little glamour to your life every day with all the most exciting real-life stories, fashion and even sex tips HOT off the press?
Well, we've got you covered with our great new Hot Topics newsletter – it'll drop straight into your inbox around 7pm and you can unsubscribe whenever you like.
And signing up now means you'll get a front row seat for our great new series inside the lives of the next generation of Daily Star Page 3 girls.
You can sign up here – you won't regret it…
Deck: +12% increase in searches (up to £5,000)
Decking has the potential to add as much as £5,000 to the value of your home.
It's essential to pay attention to these details, as buyers definitely will!
DIY Plastering: +7% increase in searches (Up to £2,500)
When done well, good plastering makes a house more durable and reduces how much maintenance must be done, increasing the value of a home by around £1,000–£2,500.
Commenting on the research, Warren McCann, Area Director at Douglas & Gordon said: "2020 and 2021 has seen us spending more time at home than ever before. As a result, more people have tried their hand at DIY to improve their homes and make them more comfortable.
“We applaud anyone who takes the time to improve their living space; however it's important to note that DIY isn't as simple as it seems, and that if you'd like to add genuine value to your home, it's worth consulting with an expert.
“If you are renovating to sell your home, we recommend finding out the value of your home before you undertake any serious renovations, so you can focus your time and energy on the areas that can add the most value."
Source: Read Full Article