Search


Visa, Visa Delta, Visa Electron, MasterCard, Maestro, Solo

Best home improvements to add value to your property

Monday, 1 July 2019  |  Admin

As the housing market has slowed in the current political and economic situation, more home owners are choosing to carry out improvements rather than move house.

Insurer Hiscox says that those choosing to work on their current home rather than move has increased by 12 percent over the last five years and stands at around four million.

Some home improvements add more value to a property than others. Selling agents Sellhousefast.uk have looked at the data to discover which alterations are the most valuable.

Using the average UK house price of £226,235 together with Hiscox’s figures for the value of renovations, they calculated the percentage that improvements will add.

Best improvements to add value

The biggest increases came with adding an extra room to a property. A new bedroom could increase the value by £25,338, an uplift of 11.2 percent. A loft conversion or kitchen extension adds £23,754, or 10.8 percent, while a basement conversion adds £15,157, or 6.7 percent.

A new conservatory came in at £13,574, or 6 percent, with a new bathroom at £12,895 or 5.7 percent.

Updating or improving existing rooms also appears to be profitable, with a new kitchen adding up to £12,442, or 5.5 percent and a new bathroom adding £5,882 or 2.6 percent. A replacement roof adds £7.013 or 3.1 percent.

Easier jobs such as redecorating the house also improve value, with an increase of £7,013 or 3.1 percent. Garden improvements could add up to £3,167 or 1.4 percent.

Managing director of Sellhousefast.uk Robby Du Toit, said: “Homeowners making the decision to stay put and add, improve and renovate their homes instead of moving, is becoming the new trend for those looking to adapt their property to meet their ever-changing needs and evolving lifestyles. It is logical that many view home renovations as a more economical solution and given the uncertainty of the market due to factors such as Brexit, it certainly seems more beneficial to add value to existing dwellings.”

Other improvements

Other value-adding work includes a new boiler and energy-saving measures. These have the advantage of saving money as well as adding value.

Home security features are also attractive to buyers as well as a charging point and off-street parking.

The cost of the work is a factor in determining whether to add improvements to a home, although high moving costs often mean that it is cheaper to stay put and add more space to your existing home.

Latest News
Friday, 1 May 2020  |  Admin
Is it really 'Business as usual'?

Kelly Fleming discusses working in lock down.

Is is reall 'Business as usual'? I keep hearing this, but I don't believe it!

I think transferring an office of twenty two people to their individual homes for six weeks is far from 'business as usual'.

Click here to see more: /user/downloads/SureMove lockdown article.pdf

 

Sunday, 12 April 2020  |  Admin
Thirdfort Client Spotlight

Client Spotlight: Kelly Fleming, SureMove

Our Client Spotlight series features Thirdfort clients discussing current issues and how they are overcoming them through the use of technology.In light of recent developments regarding COVID-19, more solicitors than ever are finding themselves having to adapt to working from home and are integrating technology into their processes. This week, we asked Kelly Fleming from SureMove Property Lawyers for her insights as to how to make the transition to remote working as smooth as possible, and for her opinion on what works for her firm.

.

Click here to see more: https://www.thirdfort.com/resources/client-spotlight-kelly-fleming-suremove

 

Thursday, 9 April 2020  |  Admin
SureMove and Thirdfort ID Checks

Our Client Spotlight series features Thirdfort clients discussing current issues and how they are overcoming them through the use of technology.

In light of recent developments regarding COVID-19, more solicitors than ever are finding themselves having to adapt to working from home and are integrating technology into their processes. This week, we asked Kelly Fleming from SureMove Property Lawyers for her insights as to how to make the transition to remote working as smooth as possible, and for her opinion on what works for her firm.

Click here to see more: https://www.thirdfort.com/resources/client-spotlight-kelly-fleming-suremove

 

SureMove Property LAwyers