Make your home perfect!
Any fans of the longstanding show Location, Location, Location will most likely be familiar with Kirsty and Phil’s newer Channel 4 show Love it or List it. Here, we once again see this TV couple pitted against each other to win the coveted, post-show, drink in the pub. However, rather than battling to each find the perfect property, we here see Kirsty tasked with taking a home from unloved to loveable and Phil on the property hunt once more.
More often than not Kirsty’s insight helps families to renovate, extend and refurbish their homes to the point where they fall in love and decide to stay. There are of course a few cases where Phil’s tantalising options prove too hard to resist and that fancy G&T trophy is Phil’s to enjoy.
Kirsty is a vocal fan of renovation and of the savings that can be made when compared to moving, but it’s never straight forward and sometimes a move is all that will do. Which is why, when agreeing budgets for home renovation projects like these, it’s always essential to be mindful of a property’s ceiling value and to think about the areas that will provide a return on investment. Lets face it that fancy jacuzzi bath spend will never be recouped.
When looking to freshen up your home to sell all that’s needed are often a few smaller, more easily achievable tasks such as re-painting the walls, giving the front door a welcoming new sheen and maybe even replacing that old flooring. Of course if you’re up for a bit more effort and upheaval you might decide to go all Love it or List it by tackling an extension or radical renovation.
So, where should you focus all that effort and investment?
According to the website www.propertyadvice.co.uk converting your cellar can increase your home’s value by up to 30%. Of course we don’t all have the luxury of a cellar so converting your garage instead, they suggest, will see an increase of up to a 15%. Other projects include loft conversions, conservatories, new kitchens and bathrooms and a well designed and maintained garden. All of these will add value and boost the appeal of your home.
If you were to choose just one room to focus your efforts on Nationwide advises that you should make it the kitchen. As the heart of the home it’s the room most likely to convert your viewers and it’ll also add up to 6% in value. Cheers to that!
Of course any of these larger projects require fairly significant up-front investment ranging from a few thousand to £20,000 plus for a loft conversion. So, it’s no wonder that so many of our customers are choosing Equity Release as a way to access the wealth build up in their homes.
“ I was really unhappy in my home, my kitchen and bathroom were really old fashioned and in need of an overhaul but I didn’t have the spare money available to do the work. So, when I realised how much money I had tied up in my house I decided to use equity release to pay for a new kitchen, bathroom and to re-paint throughout. I was thinking of selling but the house is so much nicer now, I’m staying put!”
By choosing to reinvest any funds released many customers see an increase in their home’s value
and have a wonderful home to enjoy. And, with the right plan in place, there’s still the option to move at a later date.
Access expert advice
So, if you’re currently staring at your kitchen with a furrowed brow and would like to know more, the first step is to get your hands on some seriously expert advice. Our specialist Equity Release Advisers will walk you through the process, make sure that you get the best plan for you and answer any questions you may have.
Thanks for reading, here’s to a fabulous home and that post-renovation celebratory drink.