Home im­prove­ments can breathe new life into your home and ul­ti­mately add more value to it

Lennox Herald - - PROPERTY - Lor­raine Howard

Hom eown­ers have lit­tle con­trol over peaks and troughs in the hous­ing mar­ket.

How­ever, this does not mean you have no con­trol over the rise and fall in price of your own home. You al­ways should en­sure it is the ab­so­lute best it can be, and that means im­prove­ments.

A fresh coat of paint can bring life to the most derelict of ob­jects: doors, cup­boards, cab­i­nets, stair­cases, the pos­si­bil­i­ties are end­less. Paint­ing a house in­side and out can see a mon­u­men­tal in­crease in value, with some prop­er­ties see­ing up to £10,000 added.

Clean­ing hard­wood floors is a tough task and no mat­ter how hard you scrub they never seem to have that orig­i­nal shine. Other than re­fin­ish­ing the floors - which is an ex­pen­sive task - the only op­tion is to use floor pol­ish.

Space is a virtue of any home and it shouldn’t be ac­cepted that some of the house is closed off. Re­mov­ing un­used ob­jects is an easy way to make space. You can even re­move walls.

Car­pets are tram­pled on ev­ery day and are for­got­ten as the things un­der our feet. Due to this, they some­times do not look as good as they should. Re­plac­ing a car­pet can make a room feel new, espe­cially if it’s a contrastin­g colour.

In­stalling a fire­place not only adds a dec­o­ra­tive el­e­ment, it also has sev­eral prac­ti­cal func­tions. A fire­place al­lows you to have eco-friendly heat­ing while en­joy­ing the cosi­ness and warmth of a camp­fire. Also, with gas and elec­tric bills on the rise, a fire­place is great way cut some of those costs. While adding a fire­place will set you back t has caused value in­creases of 5 per cent in some homes.

This isn’t al­ways an op­tion, and for oth­ers it will mean sac­ri­fic­ing a chunk of the front gar­den. But it does yield great re­wards. It is an im­prove­ment which could cost as much as £10,000 to £20,000 but could yield £50,000.

An ex­ten­sion can turn a three­bed­room house into a five-bed­room house and a two-storey house into three storeys.

An en-suite bath­room fea­tured in the master bed­room at­taches a sense of style and fi­nesse to the prop­erty.

If you’re look­ing for a sim­ple shower and toi­let, the price will amount to just a few thou­sand pounds. A con­ser­va­tory is some­thing a buyer would rather not spend time and money do­ing. The cost of a con­ser­va­tory is up to £10,000. But it can add 22 per cent to your prop­erty’s value.

Scot­tish-based in­de­pen­dent mort­gage bro­ker, First Mort­gage, has launched an in­ter­ac­tive in­fo­graphic called “How to buy your first home”. The in­fo­graphic is the first of its kind in the UK, with an in­ter­ac­tive el­e­ment that al­lows view­ers to “walk” through the process of buy­ing a home.

The in­fo­graphic is aimed at help­ing first time buy­ers un­der­stand what to ex­pect from the home buy­ing process, and to ad­dress a lot of the ques­tions that arise prior to speak­ing to a mort­gage ad­vi­sor or lender.

You can view it at www.first­mort­gage. co.uk/mort­gage-ad­vice/buy­ing-a-house.

IS IT WORTH IT?

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