How homeowners and landlords in Brent can add value to their property
In this article, we look at some of the most lucrative things people have ploughed their money into and how you can add thousands to the value of your property. A fast Saturday 90-second read.
In 1903 John Gray (no relation) invested $10,500 (approx. $264,000 in today’s money) into a small car company.
Fast forward 16 years and Gray’s family sold their share back to the Ford Motor Company for more than $26.25m (around $1.8 billion today).
The film star Ashton Kutcher invested a cool £364,000 in a start-up taxi service called Uber several years ago. You’ve probably heard of it. His stake is now worth more than ten million pounds.
But you don’t have to be a canny entrepreneur or heart-throb film star to spend your dosh wisely.
Below are five ways homeowners and landlords can add value to their properties.*
1) A new bathroom can add up to 3% to a home’s value.
2) Converting a garage to a home office or extra room can potentially create a 10-12% uplift.
3) A loft conversion can help your property’s price rise by around 10-15%.
4) A new kitchen can add 5% to a property’s value.
5) A side or rear extension will add more space, and that will create a higher value for your property, potentially up to 15% depending on the size and quality.
*These estimates come from a Zoopla report from 2018 but are still relevant today.
We’ve experience in helping people work out what home improvements will also boost a property’s value.
So, whether you’re thinking of improving then selling, refurbishing then renting out or simply curious about what your home’s value on the Wembley property market is right now, give us a call.
We’re here to help.
What’s the best investment you’ve made when it comes to your property?
We’d love to hear from you.
Thanks for reading.
Abigail & the team at Grey & Co