At Stones Residential, we want to make sure you sell your home in the best possible manner. There is a lot to be said for connecting with buyers, and you need to know what buyers are looking for.
The impact of the pandemic and lockdowns means that many buyers are focused on new things, or they have changed what is deemed important to them, when buying a house.
If you want to make sure you connect with buyers in the right manner, we are more than happy to assist you, so please contact Stones Residential for support in selling your Belsize Park home.
Are property owners better off than this time last year?
The average UK house price sits at £264,244 and studies indicate the average property owner is 10.6% better off than they were this time in 2020.
A study undertaken by MoveStreets, alongside the Post Office, suggests some of the features which are set to add the largest amount of value to a home. It is no surprise to see many of these upgrades sit neatly with the post-pandemic environment.
Home gym listed as top addition
A home gym is said to add around 44% in value, and by the average value of property, that equates to £116,267.
Of course, it should be remembered that not all home gyms are the same. Some householder might have spent a considerable amount of time and money on creating their ideal home gym, allowing them to enjoy vigorous workouts each day. Other people might place a few weights and an exercise bike in a spare room.
When it comes to getting a good workout, they both do the job, but when it comes to adding value to a home, there is no denying that one method is of far greater value than the other. Therefore, you should bear this in mind if you are looking to do a quick fix-up in the hope of enjoying a fantastic return.
As with most things in life, the more you put in, the more you will likely receive in return.
Other improvements were as follows:
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An extension was found to as much as £97,770 based on average property values
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A walk-in wardrobe is said to add as much as 34% to the value of your home, and this equates to £89,843
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A new kitchen can boost your property value by as much as £69,900
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A swimming pool could add £58,000 to the value of your home
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Upgrading your garden could boost the value of your property by up to £53,000
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Carrying out a basement conversion at your home could increase value by up to £45,000
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Converting your loft into a living space could add £28,538 to the value of your home
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Installing a conservatory could boost the value of your home by £26,000
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Adding or upgrading a driveway could add more than £23,000 to the property value
Adam Kamani, CEO and Co-Founder of MoveStreets, said: “There’s no doubt that the pandemic has changed the way we view our homes and what we consider a valuable addition having spent so much of the last two years within them. Any improvement that adds space is always going to appeal to buyers, however, it’s interesting to see that a space to keep fit now tops the table in terms of the most value-added.”
If you would like to arrange an appointment to help you negotiate the local housing market, please contact Stones Residential today by calling us on 020 7483 0685 or emailing belsizepark@stonesresidential.co.uk.
