Property Matters

Amanda Wieworka.
Amanda Wieworka.

If you are considering selling your house in the next year or so, now could be the time to think about doing any repairs or improvements.

A recent survey found that “hi-spec” is what impresses potential buyers and that can cover anything from the make of kitchen appliances, granite worktops and marble floors to ceiling speakers.

Spending a bit of money before you put your house on the market can be a good investment, according to the same survey which quantified what some improvements could add to the value of your property. For example, a new bathroom could cost you around £1,500 to buy and install but should add in the region of £3,350 to the value of your home.

According to valuers for one major building society, loft conversions, which require lofts with a roof height of 2.4 metres, are a good way to increase the potential value of your home. The average loft conversion will cost between £10,000 and £30,000 and will add, typically, almost £21,000 to the value of your home.

Kitchens are amongst the most-used rooms in the house so suffer a lot of wear and tear. A new one can add a real wow factor to a property.

Of course it is important to weigh up the cost of the work against the overall value of your home and the sky can be the limit when installing one with top of the range units and loads of gadgets. Bear in mind that a new kitchen can add around £5,000 to the value of your home.

Putting in new windows adds around £5,000 and can be well worth the outlay when it comes to energy efficiency. Bear in mind the style of your property when choosing new windows and go for something in keeping with the building and the area.

An extension or conservatory adds an average of £12,000 to a property. A conservatory costs around £10,000 to build while an extension is likely to set you back at least £20,000.

Another building society has calculated that by adding a garage to a property at a cost of around £8,000, you could increase the value of your home by around 10%.

Not all pre-sale improvements have to be costly. A quick splash of paint can work wonders on tired-looking walls and sticking to neutral tones is the best idea. Keeping the colour scheme simple, fresh and inviting will help potential buyers see themselves in your home.

And it costs no money at all to de-clutter and de-personalise your home so that viewers aren’t distracted by your belongings.

Half of the surveyors who took part in the survey said that the number one way to increase a property’s chance of selling quickly and at a good price is to de-clutter.