This year is a leap year – the 29th February only occurs every four years…
When it comes to making improvements to your home, there is a lot to be said for making changes which add value to your home. You should always look for improvements which add functionality to your site but ultimately, boosting the value of your home is never a bad idea.
At Lock & Key, we aim to provide you with support and services which help you connect with buyers, and help you receive the best possible price for your property. If you want to make your home more appealing to likely buyers, you will find upgrading your kitchen and bathroom can increase the value of your home by 10%.
With the average value of the UK home standing at £235,298; an increase of 10% value would see the property valued at £258,827.
In Melksham, the current average value (according to Zoopla) stands at £271,784. A 10% increase would see £27,178 being added, which would move the average value of the property up to £298,959. Moving the property value to around the £300,000 mark would not only help a homeowner to take great pride in their property, it would ensure they can enjoy a stronger return when selling the home.
What improvements should be made in the kitchen and bathroom?
It won’t be a shock to learn that changes which added more space, or created functionality, was important. The best changes a homeowner can make is likely to be adding modern and spacious storage units. While the cost of adding this sort of unit depends on a range of factors, it is not unreasonable to say it costs an average of £4,000 to buy and fit in your home.
Another sensible addition would be the addition of an island or breakfast bar. Again, the style and size of this bar can impact the overall cost, but it wouldn’t be unreasonable to suggest that it will cost around £3,000 to install.
Four cost-effective tips according to the team at Tap Warehouse are:
- Clean the grout on your titles or re-grout them if you must, as this will help to make bathrooms and kitchen seem cleaner and newer than they are
- Apply a neutral colour scheme to your kitchen or bathroom, by repainting or adding accessories, as this will help you appeal to more people
- Upgrading your kitchen taps is a highly effective way of improving the style of your property
- Buying a standalone unit is a more affordable option than investing in a breakfast bar or kitchen island
Tom Drake is a DIY specialist at Tap Warehouse, and he spoke about adding value to your home. Tom 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. 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).”
Tom continued by saying; “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.”
If you are looking to make a move in the Melksham property market, and you would like to speak with local experts, please get in touch. If you would like to arrange a property valuation, contact us and we will set this up for you. You can phone Lock & Key on 01225 707 342 or why not come and visit us at 5 Church Street, Melksham.