How to add value to your property…

December 5th 2014
By: Melanie Hollidge

If you are looking to move up the property ladder in Surrey then the best way to do this is to try and add value to your existing home. So we have put together a list of the best ways you can add value to your existing home:
Add a loft conversion
One of the best ways to add value to your existing home is by adding an extra bedroom and bathroom to your loft space.
One important consideration when planning a loft conversion is to make sure there is enough space to stand up, and that the flow of the space works well. Some of the most successful loft conversions are where it is still possible to look out of the window rather than just through a skylight. There are some great options for floor to roof windows with Juliette balconies now available.
Research by the Nationwide building society carried out early this year, shows that if you spend around £20,000 converting your loft space you could have the potential of adding £37,000 to the overall price.
Convert your basement
Basements, as with loft conversions, can also add value to a home, but depending on how much you dig down and have to prepare it for habitable use, will reflect on how much value it will add your home. On average converting a basement will cost around £300 per square metre, and if you live in an area of Surrey where the square footage is worth more, then that would potentially add value to the price of your home.
Convert the garage
Hardly anyone uses a garage to house their cars, as in general they are poorly designed, and are not large enough to house a car comfortably. If you have an integral garage you could turn this into a useable family space, such as an extra bedroom, which could enable you to add value of up to 21%.
Create a parking space in your front garden
If you live in an area where parking is at a premium you could potentially not only add desirability to your property but also add up to £50,000 in expensive urban areas by adding a parking space to your front garden.
Make sure you keep your garden looking at its best
According to Squire’s Garden Centres it has found that those homeowners in London who have a green space have added as much as £115,000 to their property. So keeping your garden at its best could really help you to add value to your home.
Kerb appeal
Most potential buyers will normally decide within the first few minutes whether they want to buy a home or not, so make sure that the front of your property looks at its best. This can be from ensuring that you give your house a lick of paint, to repairing shabby looking windows, to making sure your front garden and any hanging pots look at their best. Step back from your home and try to look at it from a buyer’s viewpoint.
If you would like any help and advice on how to add value to your home, then please pop into your local branch of Goodfellows and one of our experienced home selling team will be more than happy to guide you in the best direction.