Munday and Cramer

UK Property Value

Looking to boost your UK property value? The housing market has been hugely affected by the recent increase in mortgage rates. As a result, the amount homeowners can expect to sell their properties for has rapidly decreased. However, even with reductions being made, homeowners are still struggling to sell their properties. If you’re looking to move anytime soon, it might be worth considering ways to add to add value to your home to raise the price. Here’s our advice on how you can do just that…

How to boost UK property value

Building an extension

Starting with one of the most obvious ways to boost UK property value, it’s worth considering extending your property where possible. Research suggests that adding to your home may bump up the asking price as much as 15%! If you’re lacking desirables such as a spare room or downstairs bathroom, an extension can really add a lot of value to your house.

Loft and garage conversions

With the shift to hybrid working after the pandemic and many people still working from home full time, the desire and need for more space within our houses has increased. Home offices are incredibly sought-after. What’s more, as a general rule of thumb, the more bedrooms a property has, the more expensive it will be.

Loft and garage conversions are big jobs. As such, it’s recommended that you speak to specialist architects. To discuss how Munday + Cramer can support you throughout this project, get in touch by clicking here.

Improving energy efficiency

In addition to the rise in mortgage rates, homeowners also saw a sharp increase in gas and electricity bills at the tail end of 2022. As such, adults across the UK have all been looking for ways to save money. This, alongside environmental concerns, has made energy efficient homes far more desirable. As such, it would be a worthwhile investment to spend time improving your EPC rating.

You can improve the energy efficiency of your property by:

  • Fitting solar panels
  • Installing double or triple glazing
  • Improving your loft and wall insulation
  • Upgrading your boiler system
  • Replacing old bulbs for energy efficient lighting

Garden Renovation

Another way to improve UK property value is through a simple garden renovation. Life can be fast-paced and busy. As such, it can be off-putting when viewing a property if the garden needs lots of work. Although this may seem time-consuming, it’s a worthwhile investment for you to make. You can also bring in people to help should you need it.

Regardless of whether you choose to renovate or not, there are simple things you can do before putting your home on the market or welcoming any viewings:

  • Fix any broken fences
  • Replace, relay, or clean unattractive paving slabs or paths
  • Plant flowers, shrubs, plants etc
  • Undertake general maintenance (weeding, lawnmowing etc.)

General touch-ups

Moving home is a long and costly process and the majority of the time, people want to avoid the burden of having to do any major renovations. If your property is looking worn or dated, it might be worth focussing your attention on rejuvenating these areas of your home. Research suggests that new kitchens for example, add between 5%-15% to your properties value. Other key focus areas that add value include the main bathroom and any bedrooms.

Next steps

Wondering where to start or the best route for boosting UK property value? Here at Munday + Cramer, we have large teams of architecture, surveying, and project management specialists ready to help with your next project. For more information on working with us, click here. You can also speak to us directly by calling on 01245 326 200.