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There is nothing wrong with wanting to add value to a property. In fact, it can be exciting to think altering, enlarging or upgrading your home may allow you to recoup more than you’ve spent when you come to sell. There are, however, high points and pitfalls when it comes to adding value, especially if you’re looking to undertake much of the improvement work yourself.
Buyers tend to rely heavily on what they see – and there’s nothing wrong with that – but we explain how other senses can help you make informed choices and ask the right questions.
The majority of homeowners and prospective movers will have a mortgage as part of their property plans, therefore it’s important to keep tabs on both interest and mortgage rates. In August 2022, the Bank of England increased the interest rate by 0.5 percentage points to 1.75% – the biggest increase in 27 years.
We use the expression ‘first impressions count’ for good reason and potential buyers faced with an exterior that’s cracked, flaking and grubby will make quick assumptions about your property.
It won’t have escaped your notice that outside space on its own is one of the best ‘added value’ aspects of property, with a well-kept garden widely believed to add between 10% and 20% to a home’s value.
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