Improving the value of your property has always been an important consideration and something that all property owners from landlords to homeowners to this day continually strive for. With property being the most expensive asset for so many, improving its value is a worthwhile investment that provides very good return on investment for owners.
There are however, a plethora of ways in which the value of a property can be improved both on a small and a larger budget. Furthermore, properties in London, particularly throughout South and South West London are greatly increasing in value making the present time ideal to capitalise on this potential and improve your property (source: James Pendleton).
From getting a loft conversion, conservatory, basement or porch to ensuring your property is kept clean and tidy, there is no shortage of ways in which you can increase your property’s value, even just slightly.
This is a well-established and proven method of improving a property’s value. Loft conversions and extensions can increase property values by more than 20%. A loft conversion provides a new storey for your property and therefore greatly increased living space for you, your family and any tenants or other residents. Furthermore, many opt to install a ‘granny flat’ or other small living space in the new portion of their property in order to provide a rental yield by adding a separate and additional section to their property.
Furthermore, properties with loft conversions have additional bedrooms, bathrooms and other space that increases the number of square metres in the property and allow for the property to be marketed as having additional rooms.
By insulating your property, the property will be much more energy efficient. This means that less energy and heat will escape [air leakage] and more will stay inside where it is needed. Subsequently, the property will be cheaper to heat as it will hold onto and utilise the heat provided much more efficiently.
Moreover, energy and heating bills will be very much reduced as less work will be required of the [central] heating systems in the property in order to heat it up properly and reach the desired temperature. Also, with all rental properties requiring an Energy Performance Certificate (EPC), having a more energy efficient property will mean that the EPC is more desirable making the property in question and more desirable prospect for prospective buyers who will get more for their money upon purchase and will save money on bills in the long run.
Improve the Exterior
First impressions are important when it comes to property, with most buyers making the decision very quickly as to whether the property is for them and they desire it. Therefore, cleaning up the outside of the property ensures that the first impression is a positive one.
Easy and cost-effective ways to clean up and update the exterior of a property include:
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