Paul Cutbill, Professional Development Manager at Countrywide Surveying Services, argues the case for fixing the simple things to enhance your prospect of a sale in a Daily Express article, ‘How to Build Extra Value into Property’.
In last weeks edition of the Daily Express, Harvey Jones looked at how to build extra value into property with the help of a range of property experts:
ARTICLE: “The cold weather can’t last forever and soon it will be time to pick up your hammer and screwdriver and get stuck into those nagging jobs around the home. Whether you’re doing a spot of DIY or a major building project, such as an extension or conservatory, it pays to plan carefully in advance. Before you pick up your tools you have to raise the money, comply with local planning rules, and get the best quote for the job. Here’s what you need to know.
HOW TO ADD VALUE
Doing up your home can pay for itself by boosting the value of your property but some improvements add more value than others.
An extension is probably the best way to increase your property’s value, says Robin King, director of property experts Move With Us. “Good design is essential, though. A badly thought-out extension can actually damage the value of your property.”
The average home is now worth £162,441, according to Land Registry figures. Building an extra bedroom would typically boost that by £14,294 and a loft conversion would add £11,533. In expensive areas, that could be a lot more.
Adding an extra bathroom or revamping your kitchen could add more than £9,000 to your property’s value, King says.
If you haven’t got them, installing central heating and double glazing will give you the best return on your money, says John Waldron, area director at estate agents Connells. Double glazing may cost £2,000 but could easily add £4,000 to your property’s value.”
If you have a large bedroom, dividing it into two rooms can make sense, he adds. “It could add up to £15,000 of value for an outlay of about £3,000. Just make sure the new bedrooms you create aren’t too small.” Building a conservatory or a swimming pool is typically a poor investment, says Waldron. “Done badly, they could easily reduce its value,” he says. “So only do this if you plan to enjoy them yourself.”
If you’re looking to sell your property, small, simple investments can make it significantly more attractive to prospective buyers, says Paul Cutbill at Countrywide Surveying Services. “Fixing leaking taps, realigning cupboard doors, replacing missing handles, mending cracked tiles and clearing out the clutter will all help, as will a lick of paint and final wash and brush up before your first viewings.”
Don’t spend too much money on a property you are planning to sell, or embark on a major project at the last minute. “Buyers don’t want to have to complete a bathroom refurbishment you never finished,” Cutbill says.
If you’re replacing appliances such as washing machines, dishwashers and refrigerators, make sure your new model is energy efficient, says Clare Francis at Moneysupermarket.com. “Installing a new boiler can set you back by as much as £2,000, but you could save up to £300 a year by upgrading from an older G-rated boiler to a modern, energy-efficient A-rated model. “Energy-efficient doors and windows will cut your energy bills and help recoup your initial outlay over time.”
First impressions count when marketing your property, says Dermot Steedman at builder Dermartra. “Give your property ‘kerb appeal’ by painting or replacing your front door, gate or fence. A tiled garden path with subtle lighting will definitely add value.”
It’s always better to pay a tradesman rather than attempt something you’re not skilled at, adds Ed Church at estate agents Strutt & Parker. “Badly painted windows and cheap laminate flooring that doesn’t reach the skirting board will scare away buyers.”
When it comes to electrics, DIY stands for “don’t involve yourself”, says Tony Cable of the electrical industry regulatory body NICEIC. “The only way to know your electrics are safe is to employ a certified electrician who is registered with a government approved scheme.”
Once the work is completed, a good electrician will issue a certificate to declare it has been carried out to the correct standard and complies with electrical regulations, Cable says.
You can find a local electrician at Niceic.com or the electricalsafetyregister.co.uk.
You also need to call in the professionals for work on your boiler system. Find a registered gas specialist in your area by visiting Gassaferegister.org.uk.’