With a shortage of housing available to buy on the UK’s property market and the cost of moving on the rise, many homeowners are now opting to improve their current property rather than move.
Since 2013, the number of homeowners who have opted to extend or renovate their existing property has increase from 3% to 15% since 2013.
Planning applications have, of course, risen in recent years, with applications increasing by a quarter over the last five years.
With rising property prices and Stamp Duty on the rise, it’s no wonder than many people are looking for the hidden value within their current space.
Here Stephenson and Son reviews how you can increase the value of your property.
1) New kitchen
The kitchen is often considered the heart of a home and revamping this space is one of the most popular ways for homeowners to increase value.
Kitchen fashions tend to change more frequently than other rooms, so if you’re looking to update your existing home, think about the best way you can utilise your space.
Simple, practical designs speak to the widest audiences. Always look out for a deal with your supplier to maximise your return and seek professional assistance when fitting your brand-new kitchen.
If you have opted for a luxurious granite worksurface, ensure that you hire someone with specialist skills to fit your worktop.
2) Loft extensions
If you are looking to increase the amount of space in your existing property, a loft extension often adds the additional rooms to accommodate expanding families.
Recent research suggests that adding an additional bedroom to a property can increase value by 11.2%.
It is important to obtain the correct planning permission before conducting your loft extension. Using a specialist construction company like, Stephenson and Son you can maximise your property’s potential and increase value.
Here is an example of a hand cut roof delivered by Stephenson and Son.
3) Conservatories and house extensions
If you’re lucky to have the space to go up or out, a conservatory or a house extension can add a lot of value to a property.
As each council has different criteria, it is again important that you seek out professional advice and secure planning permission before you extend your current property.
4) Landscape gardening
If space is limited and you are unable to extend your property, landscaped gardening can often add an additional outdoor space to accompany your home.
A bespoke decking area like the one Stephenson and Son delivered in south London, is a perfect example of how homeowners can create additional space without spending too much.
5) Off road parking
Off road parking is a highly desirable feature for potential buyers. If you have land at the front of your property which you do not use, you might be able to add value to your home by converting it into a parking space.
It is important to note that you may need to contact your local council before going ahead with the work, as you may be required to pay to lower the kerb for access to your property.
We home you found our top five tips to add value to your property useful. If you are looking to renovate your property, please feel free to contact for your free, no obligation quote.