You Can Boost Your Property Value
25th September 2020
25th September 2020
With the stamp duty holiday in place, there is a considerable level of interest and activity in the housing market. It is natural for homeowners to look at the market, and review what houses are being sold for or what local asking prices are.
If you don’t plan on selling your home soon, but you would like to ensure you are in a strong position to do so in the future, consider boosting your property value. At Merrys, we are pleased to say we have assisted many local homeowners in selling their home, and we can help you reach the right buyers.
According to research carried out by the Tap Warehouse, upgrading your kitchen and bathroom can improve the value of your home by 10%.
With the average price of UK home’s standing at £235,298; this represents an increase of £23,529. This would see the house value move up to £258,827.
According to Zoopla, as of the start of September 2020, the average value of property in Northampton is £258,484. 10% of this sum is more than £25,000, which is a sum many homeowners would like to add to the value of their home.
Desirable features in the kitchen include:
Spacious and modern storage units
Island or breakfast bar
Glass doors leading outside of the property
Desirable features in the bathroom include:
Good quality tiles and grouting
A stand-alone bath-tub
A power shower
Four top tips from the experts at Tap Warehouse are as follows:
Clean the grout on your tiles or re-grout the tiles – which will result in the bathroom or kitchen looking newer than it did before
When decorating with selling in mind, opt for neutral colours, as this will help you appeal to more prospective buyers
If you are looking for an affordable way to upgrade the style of your kitchen or bathroom, you will find upgrading the taps is a great idea
Any homeowner who cannot justify the cost of a breakfast bar or kitchen island should consider buying a standalone unit
Tom Drake is a DIY specialist at Tap Warehouse, and he said; “Bathrooms and kitchens are two of the most expensive rooms to renovate, so poor quality in either of these is likely to give buyers the perception they'll need to invest a lot of money on renovations.”
It is vital you carry out research on what changes are best for you. We know the local area, we know what homes have to offer, and we know what buyers want. If you want to connect with buyers in the right manner, call on us and we will be more than happy to assist you.
Tom also said; “However, if you make the investments yourself before you place your home on the market, you’re more likely to increase your profit. After consulting with property professionals, we uncovered that investing into the kitchen and bathroom can increase the average house value by 10% (£23,529). In our experience it's often the smallest details that can dramatically improve the perception of a home. Simply installing a new tap or a modern shower can completely transform an entire room.”
We know a lot of people are looking for guidance and assistance right now. If we can be of any assistance, we will. Therefore, if you have any housing market questions, please contact Merrys today, and we will be happy to help.