You long for a greenhouse for your plants. You dream of breaking down the walls that block natural light. I've seen it on cooking shows and now I can't help but think of granite countertops…
Everyone has a list of things they want to do with their home, but is the cost and hassle of renovations really worth it? Your home is also your investment, so don't worry about what you think. It may be worth more than that.
'How much is my home worth?' Foxtons' local experts can help you find out what your property is worth in the current market.
numbers
Mutual insurer Royal London has published research into the benefits of retrofitting. They surveyed UK homeowners to find out which improvements would add the most value to their home, and how much they would spend if certain improvements were made to their next home. did. 
The biggest value addition was a modern kitchen, which added £11,160 to the property price (based on the average UK house price of £274,615). The second most valuable addition was a modern bathroom, which increased property value by £10,915.
Other worthwhile additions include:
Loft conversion: £10,845 Spare bedroom: £10,744 New boiler/heating system: £9,647
A potential £11,000 increase in the value of your investment is reason enough to drink tea in your living room for a few weeks. In fact, research by Royal London found that selling a property was the second most common reason homeowners chose to renovate (after needing more space for themselves or a partner).
Ready for anything, sales or anything else
Your long-term goal may be to sell, but you may not be ready to move just yet. That's great; renovating and selling a home both have a huge impact on your daily life and schedule. By renovating and increasing value now, you can see where you are in your investment journey and plan for a future sale.
Also, be sure to schedule an evaluation before starting your project to see where your efforts will pay off.
do it for you
The Royal London study dazzles with its large and challenging numbers, but every renovation project is unique. How much a project affects the asking price depends on things like how the renovation is done, what trends people are looking for, and the buyer's style.
So if you're renovating to sell, you may be wondering, “Why did I wait until I was ready to move in?” While it's good to keep in mind the benefits to property value, you might also want to think about how much enjoyment you'll get from the renovated space, especially if everything is covered in sawdust.
What will the neighbors think?
Have you ever noticed how when one homeowner starts renovating, projects spring up across the neighborhood? That's no coincidence. Another big reason people start renovating their homes is because of their neighbors. London in particular had the highest number of respondents who had carried out home renovations for projects for their neighbors (according to the Royal London survey). So, not only are you increasing the value of your home, you may be inspiring an entire block.
nice reward
Throughout this blog, we have seen gorgeous interiors created by the Foxtons photography team. These professional real estate photographers have a talent for highlighting a home's best features. If you choose to sell after renovation, our photographers will ensure that your efforts are not overlooked.
Exceptional photography is part of our marketing plan to get your property in front of the serious buyers most likely to fall in love with it. Please contact us and we will guide you.
