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When it comes to adding value to your home, with the intention of selling it for the best profit or in the most efficient manner, there is a need to carry out research. You may think that making any form of improvement is of benefit but there is a lot to be said for reviewing the different types of improvement opportunity, how much it costs and what you expect to benefit in return.

If you are looking to make home improvements to offer greater utility to your family, you should focus on the needs of your family. However, when it comes to getting the best possible financial investment, you should be thinking about cost of investment and the increase in property value.

You need to find the right firm of professionals too

Not every firm provides the same standard of work when carrying out home improvements and it may be that the current condition of your home may impact on the overall value you can add. If your home is already spacious and filled with the latest gadgets and technology, it may not be possible to add as much value as you would.

For a quick guide, the following points will provide you with a pointer on what you should expect to spend and what sort of return you can hope to receive:

·         A loft conversion can cost between £15,000 and £40,000 and can increase property value by 10%

·         An extra bathroom can cost between £2,500 and £6,000 and can increase property value by 6%

·         A new kitchen can cost around £8,000 and can increase property value by 5.80%

·         Central heating can cost around £3,250 and can increase property value by 5.4%

·         A conservatory can cost around £4,000 to £10,000 and can increase property value by 5%

Using information from various sources including NAEA, Movewithus and TradeAdvisor, you should be able to think about what is best for your needs. It is clear that a loft conversion is the most attractive option with respect to adding value but it is also the most expensive option. If your budget doesn’t extend to a good quality conversion, you need to weigh up whether your money is better spent on a lower quality loft conversion or a range of home improvements in other parts of your home. It may be that rather than spending £15,000 on a loft conversion, using this money to fund a new kitchen, an additional bathroom and improved central heating will provide you with a far greater return for your money.

You also need to think about the inconvenience at home while work is carried out. Many people are solely focused on the long term aim so short term inconvenience will not be an issue but if you have a young family or pets, you need to consider whether you can have a great deal of work being carried out at home. This information should provide the ideal starting point for deciding what improvements you should make at home but your own personal feelings and decisions will have a big say in the matter.


 

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  • “I have been a tenant with Houghton Estates for 1.5 years and am very satisfied with their services. Moving-in and -out was simple and straight-forward. During my tenancy the entire team was very helpful, I was treated fairly and all issues were resolved promptly. I can confidently recommend this agency." Jens Ehrenberg
  • “I was a tenant of Houghton Estates for over seven years. Management service is excellent, response to any issue is quick and efficient, which is of great importance to any tenant." Rosa del Campo
  • As Secretary of the Management Company and part freeholder of a building in Little Venice it has been a pleasure working with Houghton Estates who undertake the day-to-day management of the building. Their local knowledge, extensive network of local contractors and efficient, friendly approach makes maintenance of the building easily done with a minimum of fuss. After a decade of working with them I can honestly say that there has never been a point of friction and I would highly recommend their services.
  • Houghton Estates has been looking after our rental property for over 10 years. Throughout that time we've found them highly professional, pro-active and diligent. For us this means that we have peace of mind, including that our obligations are being met and that we have great tenants."Adam Munro-Rae
  • I have known Mark Bohm and his company, Houghton Estates, for more than 10 years. I have dealt with him over that period on many matters in relation to his business and my own work. I have always found him highly reliable, good at his work, capable and someone with integrity and intelligence who you can rely on to do his job efficiently."Howard Salter
  • Professional, helpful and affordable. I have been using Houghton Estates for many years now and wouldn't consider using anyone else. Whenever I have had a problem they have consistently gone out of their way to help me. I would recommend them unreservedly."Michael Anderson
  • Thank you very much for all your effort and professional work in dealing with our purchase of the flat at Bromyard House Acton W3. I'm sure that without all your perseverance and continued attention to detail the sale would not have been achieved. Many thanks indeed and I hope we can do business again sometime in the future."Phil Wilkinson
  • Craig Edwards at Houghton Estates provide a very helpful, professional and efficient service; both when searching for my initial property to rent; throughout my rental if any problem arose; and subsequently, he was very supportive and pro-active in finding me a wonderful new property when I moved back into the area. I won't hesitate in contacting him again if I need to find another." Justine Morgan
  • Houghton estates manage the flat I rent, and they have provided both an excellent service and peace of mind. I am always confident that any necessary repairs will be carried out swiftly - this has certainly been the case to date."Zan

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If you are looking to buy, sell or let a property in Little Venice, Maida Vale, St John's Wood and the surrounding areas or would like a FREE property valuation, contact us via the details below and a member of our team will be in touch.

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