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How to add value to your home

how to add value to your home

We take a quicky look at some of the most lucrative things people have ploughed their cash into and what you can do to add thousands to the value of your property. A fast Thursday read!

Way way back in 1903, John S Gray invested $10,500 (approx. $264,000 in today’s money) into a tiny car company. Fast forward the clock 16 years and he sold his share back to the Ford Motor Company for more than $26.25m (around $1.8 billion today)!!

In more recent years , film star Ashton Kutcher invested a cool £364,000 in a start-up taxi service called Uber. 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 hard earned dosh wisely.

So we’ve put together 5 ways you can add value to your home without spending an arm and a leg:*

  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 very much relevant today.

We’ve got loads of 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 is in the Devon property market 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.

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