Ten ways you can add value to your prop­erty

Macclesfield Express - - SPORT -

OUR home is our great­est as­set, and ac­cord­ing to a re­cent Hal­i­fax home im­prove­ment sur­vey, 58 per cent of home­own­ers have un­der­taken work on their prop­erty in the past 12 months to cap­i­talise on that in­vest­ment.

Home ren­o­va­tion ad­vice and in­for­ma­tion spe­cial­ist Build It Live has put to­gether 10 top tips for home im­prove­ment, with the rec­om­men­da­tion that you al­ways em­ploy a pro­fes­sional to en­sure work is car­ried out prop­erly, ad­heres to plan­ning and build­ing leg­is­la­tion and is fin­ished to the high­est stan­dard. ●● Ex­tend your home

In­creas­ing the square footage of your prop­erty is nearly al­ways a money spin­ner and, ac­cord­ing to the Na­tion­wide Build­ing So­ci­ety, can add up to 12 per cent to mar­ket value.

En­sure the ex­ten­sion is in keep­ing and pro­por­tion with the ex­ist­ing prop­erty. ●● Add a base­ment

This is a cost-ef­fec­tive way of in­creas­ing square footage. Dig­ging out a new base­ment will cost at least £80,000, but con­vert­ing an ex­ist­ing cel­lar or base­ment can cost as lit­tle as £20,000. ●● Con­vert your loft

Ac­cord­ing to the Hal­i­fax sur­vey, loft con­ver­sions of­fer best value for money - adding up to 15 per cent.

The most suc­cess­ful ap­pear to be an in­te­gral part of the ex­ist­ing prop­erty, in­side and out. ●● Up­date your bath­room

A se­cond bath­room can add be­tween five and nine per cent to your home, ac­cord­ing to Na­tion­wide. Houses with four bed­rooms or more should have a min­i­mum of two bath­rooms. ●● Re­vamp your kitchen

A mod­ern fit­ted kitchen can add any­where be­tween four and 10 per cent to the price of your home. Open-plan lay­outs are in vogue and knock­ing through to an ad­join­ing room to cre­ate a large fam­ily room or kitchendiner can prove more cost ef­fec­tive than ex­tend­ing. ●● Add a con­ser­va­tory

The Royal In­sti­tute of Char­tered Sur­vey­ors says a good con­ser­va­tory will in­crease your prop­erty’s value by four or five per cent. But a poorly thought out one could ac­tu­ally de­value your prop­erty.

In­de­pen­dent gar­den struc­tures com­plete with all mod-cons are pop­u­lar. ●● Pe­riod fea­tures

Buy­ers are pre­pared to pay up to 30 per cent for a char­ac­ter prop­erty with orig­i­nal fea­tures. How much you can ben­e­fit is de­pen­dent on the fea­tures you re­in­state. ●● Spruce up the ex­te­rior

Buy­ers of­ten de­cide whether they like a home be­fore they reach the front door, so pay at­ten­tion to the ex­te­rior. A smart front door is a must, while reg­u­lar main­te­nance (paint­ing etc) will save money in the long run. ●● Go green

Im­prove­ments from heat pumps, so­lar pan­els and wind tur­bines to dou­ble glaz­ing, cav­ity wall in­su­la­tion and con­dens­ing boil­ers all cut run­ning costs. ●● Off-street park­ing

With park­ing spa­ces at a pre­mium, Na­tion­wide es­ti­mates that build­ing a garage can add as much as 11 per cent to the value of your prop­erty. This could be even more in busy towns and cities.

The Build It Live show is com­ing to Even­tCity in Manch­ester on Fe­bru­ary 20 and 21. Book your tick­ets now at www. builditlive.co.uk to take ad­van­tage of the two for one promo of­fer by en­ter­ing the of­fer code BUILD263.

●● A con­ser­va­tory reach­ing into the gar­den will help boost value

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