Upgrading your residential investments can get pricy – but do these upgrades really increase the value of your property? Recent studies claim British people spend £83billion pounds per year on refurbishments for their properties.
Upgrade the kitchen (Up to 20% increase in value): It is one of the most important areas of the house, and a deal breaker for many so it must be a first smart investment. Having a new, upgraded kitchen will give that immediate impressive appearance – Even only upgrading worktops and cupboards can bring a healthy boost!
Converting the Loft into an office (Up to 15% increase in value):
Working from home is here to stay, and for many people looking to rent another house, having an office or workspace area can significantly increase the property’s value – Specially in post-Covid times!
Increasing natural light (Up to 8% increase in value):
Natural light is in demand post COVID, as it makes rooms feel more spacious and brighter – The time spent at home has made people change their mind in what to look for in a property.
Add an En-suite Room (Up to 5% increase in value):
There is also a growing demand for built-in bathrooms, so this can help to maximise your return on your rental property.
ASC is available to assist in your next residential property investment application. Contact your local ASC office for more help.