WINTER'S TOP TIPS ON 'SELLING HOUSES'
the combination of rocketing property prices and expensive moving
costs, many UK homeowners are being forced to improve, rather than
move home this year. A recent survey from Direct Line Financial
Services shows that a massive 9 million of us plan to make improvements
to our own homes this Spring. It's becoming increasingly important
that we make the right improvement to our homes in order to get
the best price if we do eventually come to sell it.
Direct Line Survey showed that 16% of us are carrying out improvements
solely to add value to our home. The survey also showed that we
certainly won't be skimping on spending on home improvements in
- 19% of us will spend up to £2,500
- 11% will spend between £2,500 - £5,000
- 9% will spend between £5,000 - £10,000
- 8% will splash out over £10,000 (3)
set homeowners on the right track Direct Line, sponsors of Channel
4's Selling Houses asked presenter, Andrew Winter to give his expert
advice on how to add the most value to our homes:
- Kitchen and bathrooms. "Putting in a new kitchen or bathroom
is always a safe and predictable way to spend money. Not only
will you add considerably to the value of your home - you will
also get a lot of
pleasure from it!"
- Loft conversions. "These offer fantastic value for money,
but don't be tempted to squeeze two rooms into a loft space. Instead
convert the loft into a master bedroom with en-suite bathroom,
a guest bedroom, a teenage bedroom or a family games room. What's
important is that you keep it as a large room, giving your home
instant 'wow' factor."
- Exteriors. "Many people spend thousands improving the inside
of their property without giving any thought to the exterior -
big mistake! Spending money on replacing windows and doors with
sash uPVC or timber windows together with fixing any loose guttering,
down pipes and garden gates can have a big impact on the value
of your home."
- Decorating. "Neutrals always work best - they make your
rooms appear bigger and brighter. However, we are in danger of
going overboard with the minimalist look. Put neutral colours
on walls, floor and fittings, but introduce some colour through
paintings, family photographs and soft furnishings to give your
home warmth and appeal."
- Gardens. "There is not a lot you can do with the size of
your garden. However, if you have an unsightly garden you need
to spend money tidying it up. It will increase the value of your
property instantly. Make sure you include a deck or patio area
in your garden, smarten up the front garden and replace any fallen
- Study. "Nearly 6 out of 10 households now have a computer.
This has created an essential need for a study in many homes.
Turning an under- stairs cupboard or a section of a conservatory
into a study can be a great asset. But make sure it is away from
the main living and sleeping areas."
- Entertainment systems. "Most new homes are now pre-wired
for surround sound and broadband points. If you are thinking of
having your house re-wired, remember to include this at the same
time. It will save you a lot of money in the long term."
- Swimming Pools. "If you have a detached house with a good
plot of garden, swimming pools have become in vogue as a major
lifestyle enhancement to your home. Heated pools are much cheaper
nowadays and you will instantly get your money back on your investment,
it comes to paying for the improvements to our homes, cash savings
is still the most popular way to pay, however, taking out a personal
loan is also a popular option (10%), especially if planning a large