Property-Increasethe valueofyourhome

By Nick Roberts RMR Group

Not much escapes the reality that beauty is in the eye of the beholder, none less so than a prospective home buyer! But whilst pricing brackets are largely controlled by supply and demand (and the political circus in Westminster!) the good news is that homeowners have the power to impact where in that bracket they sit. Increasing the value of our home is normally associated with wanting to sell. However, another reason could be quite the opposite – increasing equity to get the best mortgage rate. And with banks becoming extra conservative on their offers and higher interest rates looming, now more than ever do we need to maximise our equity. Here are some common ways to increase the value of your home, you might be surprised by how much some of the smaller changes can impact the overall value. Single storey rear extensions - they create a modern and open style that opens the rear of the home with full-width bi-fold or sliding doors into the garden. One of the most popular changes you can do. Loft conversions are always on the ‘wish’ list. With so much unused space, converting can pro- vide bedrooms, bathrooms, ensuites and more. But remember, whilst these projects can add value, the property needs to have a suitable loft to allow this conversion. Garage conversions – Simply put, these are one of the most economic ways to create space, and a great return on your investment. Kitchens are the heart of the home and may have a larger impact on value than you might think. With a bit of modernising you could realistically increase the value of your home by 6-8%. All properties are different so your potential might not be obvious, so get in touch with your local architect today to discuss what options you have available. www.robertsmillerredshaw.com