Home Improvements for Added Value
As we wrote about last week, Yorkshire house prices are continuing to rise despite warnings of a stagnating market nationwide. And, with inflation expecting to grow prices a little lower than normal at 5% this year it is an unusual time where buyers and sellers could both win.
However, with summer coming up, it is also a grow time to add a home improvement to either generate more space or increase the price of your property. So, let’s take a look at some of the best ways to give your property a little bit extra.
These costs were based on regional homes between £500,000 to £1m but will be similar to others, too. More people seem to be undertaking this sort of work and there has been an almost 30% increase in planning permissions in London alone in the last three years.
What are the expected costs?
An extension costs an estimate of £129 per square foot at the low end to £202 per square foot for premium quality, That said, prices can differ wildly from place to place, particularly south to north. So the key thing to consider is what this will add to your market value.
Experts suggest that complete makeovers outside of London will add between five and ten per cent. This is as long as it is completed to the right standard and works on these three things: quality, value and speed.
Debating whether to sell your property or make a home improvement? Give your local Preston Baker branch a call today to get an idea of house price.
*figures from Savills
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