For a lot of property owners, there is an assumption that property value is primarily built on location or the overall size of the property. However, that's not always the case. Two houses on the same street can be identical in size and condition, but if one has more modern upgrades or features buyers are looking for, then this will fetch a higher asking price when it's put up for sale than the others. There are multiple factors that determine property value, and the design of the property and upgrades made will form a big part of this. With this in mind, let's take a look at the 3 design decisions that will affect long-term property value.
By Team Savant
Image: Andrea Davis
Adding an Extra Bathroom
An extra bathroom or even a toilet will also be a good idea if you physically can.
They are one of the first things people look at when perusing properties for sale, the type of bathroom location and number in total in the property and the more the better. You can choose to add an extra full bathroom downstairs if you wish, or just a toilet or toilet and shower for convenience.
You can add en-suites in rooms that can afford to lose space, and this will automatically make your property more available tobuyerss and they're willing to pay more for a property that has already undertaken this work before they buy.
Extending the Kitchen
Much like bathrooms, kitchens are a top priority for buyers, and even if you're not selling, a kitchen renovation can massively increase property value. Especially if you're doing an upgrade with an extension too.
The rise of this is because kitchens are the central location of any home. They're where people cook, do laundry, socialise, work, eat, etc. They're multifunctional rooms, even if you don't raise them. The more space al tichenhas and the better the design and layout, the more valuable the property will be. And if your kitchen is now adapted for more of a seamless indoor-outdoor flow, this will push value up even more. However, it's always worth working with experts for kitchen renovations because poorly done ones will have the opposite effect. Draw up plans with architects to ensure that you have the right design for your home to maximise its potential.
Loft Conversions
Many UK homes are small; they were built for a different time for different family sizes, and while this isn't always a bad thing, if you are looking for more room, converting your loft space can deliver you the space you need without extending the property.
A loft conversion can be useful for a great many purposes. It could be the perfect primary suite, complete with an en-suite for parents or as a guest room, it can be an office, a family room, a quiet retreat or a workout space, it's entirely up to you. But looking into what your loft space can be turned into and what usable space you have can help you boost property values by up to 20%, depending on size and fitout.