Tag: add value

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Will Renovating my Bathroom Add Value to my Property?

Will-Renovating-my-bathroom-Add-Value-to-My-Property

When it comes to enhancing your home’s appeal and functionality, few renovations hold as much potential as upgrading your bathroom. If you own a property in Tower Hamlets, you might be asking yourself: ‘Will renovating my bathroom add value?’ Well, our expert team at City Realtor all agree that a quality bathroom can add value.

A study by Direct Line Home Insurance revealed that updating a bathroom can increase the value of a property by almost £9,000. So, let’s look at bathroom upgrades and explore why they are a sound investment for homeowners.

Best Renovations For Your Property

Your property’s value can be influenced by many factors, including the condition of your home. Replacing kitchens or a new bathroom are two of the biggest expenses when it comes to renovations and two of the best! However, before embarking on a renovation project, weigh up how much value it might add and the potential return on investment (ROI) versus the costs involved.

The bathroom isn’t just a functional space. It’s a calming place where relaxation, self-care, and rejuvenation can happen. So let’s explore the question, ‘Will renovating my bathroom add value?’ should you decide to sell your home in the future.

Enhanced Aesthetic Appeal

Aesthetics play a significant role in a bathroom’s appeal, therefore a beautifully designed, modernised bathroom can create a lasting impression. Picture stylish fixtures, contemporary tiles, and a clean, inviting atmosphere. These elements can instantly elevate your property’s charm.

Improved Functionality

Functionality is paramount in any living space, and the bathroom is no exception. Outdated or inefficient fixtures or layouts can hinder daily life and deter potential future buyers. A thoughtfully planned renovation can optimise the layout, enhance storage options, and improve overall functionality. This makes your home more attractive and offers a more comfortable lifestyle for you and your family.

Energy Efficiency

The UK is increasingly focusing on sustainability and energy efficiency, so this means installing eco-friendly features can be wise. By adding low-flow toilets, LED lighting, and energy-efficient extractor systems, you can reduce utility bills and appeal to environmentally-conscious buyers.

Increased Property Desirability

Homes with multiple bathrooms are often more desirable, especially for larger families or those seeking added convenience. If your renovation involves adding an extra bathroom or converting a cloakroom into a shower room, it can boost appeal and value. For an up to date valuation of your property in Tower Hamlets, contact us on 0207 790 7702.

Staying Current with Market Trends

The property market in the UK is always evolving, and bathroom trends can influence your home’s value. With this in mind, features like walk-in showers, freestanding bathtubs, and smart bathroom technology are becoming more sought after. Staying up-to-date with these trends can ensure your bathroom renovation fits with current buyer preferences, increasing your home’s marketability.

Considerations for Tower Hamlets Homeowners

It’s clear that the answer to ‘Will renovating my bathroom add value’ is yes! However, as a homeowner, you should approach your project with consideration.

Bathroom Budget and ROI

Establish a clear budget that reflects your property’s overall value. Striking a balance between renovation costs and expected increases in property value is crucial. Research local property prices to gauge the potential ROI of your bathroom upgrade.

Bathroom Planning and Design

Effective planning and thoughtful design are essential for a successful bathroom renovation. Consulting with a professional designer can ensure your renovation results in a space that adds real value to your home.

Quality Workmanship

Investing in high-quality workmanship is vital to ensure your bathroom renovation stands the test of time. Cutting corners on materials or labour may lead to costly repairs later, which can negatively impact your home’s value.

Building Regulations for Bathroom Renovations

Familiarise yourself with building regulations for bathroom renovations because failure to comply could mean complications and affect your home’s value.

Enjoy Bathroom Benefits Now – And Plan for the Future

A bathroom renovation done well has the potential to add significant value to your home while also making your property more appealing to future buyers or tenants.

If you’re a homeowner thinking about renovating your property in Tower Hamlets and are wondering how to improve the value of your home, get in touch with the team at City Realtor. We would love to hear from you and give you some guidance.

Contact us at admin@cityrealtor.co.uk or call on 0207 790 7702.

Frequently Asked Questions About Renovating a Bathroom Suite for Adding Value to Your Home

Will adding storage space in my bathroom increase my property’s value?

Yes, adding storage space in your bathroom not only enhances functionality but also contributes positively to your home’s appeal, potentially increasing its value.

How can a downstairs bathroom renovation impact the master bedroom’s value?

A well-designed downstairs bathroom can add convenience to the master bedroom area, making it more attractive to potential buyers and potentially increasing the overall value of the property.

Does maximising floor space in the bathroom contribute to the property’s desirability?

Absolutely, optimising floor space in the bathroom creates a more open and comfortable environment, increasing the desirability of your property and potentially boosting its value.

Will a loft conversion or outdoor space renovation add more valuable space to my property?

Yes, both loft conversions and outdoor space renovations can significantly increase the valuable space in your home, potentially leading to a higher property value.

What Next?

Not on the market yet? If you’re thinking about selling, our team at City Realtor is here to help. Contact us today on 0207 790 7702 or email admin@cityrealtor.co.uk to arrange a free valuation.

Don’t forget to follow us on our socials for updates and new listings!

Follow us on Facebook, connect with us on X, join us on Instagram, find us on TikTok, see us on LinkedIn, watch our YouTube Videos!

Good luck if you are buying a home, or considering putting your property in Tower Hamlets on the market. We’ve answered your FAQ’s here.

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9 Room Upgrades That Add Value To Your Home

9 Room Upgrades That Add Value To Your Home

When it comes to adding value to a home, most people automatically think of big, expensive projects like a conservatory or an additional bedroom.

While these will undoubtedly add value to your property in Tower Hamlets, it’s not always as much as people think, and in some cases, it can be far more budget-friendly to repurpose an existing room than to build a whole new one.

Which Home Improvements Add Significant Value?

Below are nine of the best room upgrades you can carry out to add the most value to your property in Tower Hamlets.

1. Upgrade The Radiators

The heating system is an essential part of every home, and it’s vital to have radiators that emit enough heat.

Therefore, it may be a good idea to upgrade your radiators, perhaps getting bigger ones that will heat the room more effectively or ones that can double up as a towel rail for example. A stylish radiator can also improve the appearance of a room and become part of the design.

2. Add a Kitchen Island

If you have the space to add one, then a kitchen island can be worth its weight in gold.

Not only can it create an extra seating area, but it can also provide additional storage space for pots, pans, and appliances. And when it comes to kitchens, you can never have enough cupboard space.

3. Install An En-Suite

Although en-suite bathrooms are more common than they used to be, there’s still an element of luxury about them, and many buyers now see them as a must-have.

Despite being one of the more expensive room upgrades you can opt for, they can be a very worthwhile investment when it comes to selling your property.

4. Create a Walk-In Wardrobe

If you’ve got enough space in the master bedroom then a walk-in wardrobe is an ideal way to add value.

It also adds a touch of luxury and uniqueness to a property, which can help it stand out when the time comes to sell.

5. Build a Loft Conversion

This is probably the most expensive option on the list, but it may give your home the biggest boost in terms of value.

Any way that you can use existing space to make it more effective is likely to have a positive impact on your property’s value, and converting the loft to make an extra room is a prime example.

6. Convert The Garage

A garage conversion is another of the more expensive options, but again it’s one of the more effective ones.

If you already have a driveway and your garage is being used for storage then conversion to another room is a great way to make it work better for you.

It’s also likely to be a big positive for any future buyers, given the significant increase in people working from home in recent years. In many cases, a home office is of far more use than a garage for buyers.

7. Replace The Windows

If your windows are damaged or drafty then it’s worth having them replaced solely for the fact it will make your home warmer. The added benefit is the savings you’ll make on heating bills as your home is doing a better job of keeping the warmth in.

Add in the fact that new windows can be a key selling point for buyers, and you’ll find that this is a great way of adding value to your home. A lot of buyers will have used most, if not all, of their savings on buying the house, so any big, expensive upgrades like new windows or a new boiler are a way of attracting potential buyers who won’t have that extra cost to consider.

8. Add a Fireplace

Adding a fireplace can be an inexpensive, attractive way of boosting your home’s value.

It’s the sort of feature that can make a home feel cosier in the winter months, and it can make a great centrepiece in the living room. Compared with other room upgrades, it’s quite a reasonably priced and cost-effective way to boost the value of your home.

9. Install a Shower

Homes traditionally would only come with a bath! But in today’s world, a shower is essential, particularly for people with little time on their hands to take a long soak.

Adding a shower above the bath can be quite a simple, inexpensive job if you have a tiled bathroom already in place. If not, it becomes a little more expensive, but it’s still a great add-on for potential buyers when they come to view, and it boosts a property’s value.

You may also be interested to read: 7 Essential Tips That Can Help Sell Your House

Let Our Team of Experts Help

Homemovers in Tower Hamlets often ask us “what improvements will increase the value of my home?” and our team at City Realtor know exactly how to answer this!

Call us on 0207 790 7702 or email admin@cityrealtor.co.uk to find out the best improvements you can make to your Tower Hamlets property.

In the meantime, we’ve answered some of your common questions about home improvements.

Frequently Asked Questions About Home Improvements

What home improvements offer the best return on investment?

Kitchen and bathroom renovations are generally considered to offer the highest return on investment. However, other improvements, like adding a garage conversion or enhancing kerb appeal, can also increase your home’s value.

How much should I spend on home improvements?

The amount you should spend depends on your budget and the potential return on investment. Consider the average property prices in your area and the likely impact of improvements on the selling price.

Do I need planning permission for home improvements?

The planning permission requirements vary depending on the type of improvement. Extensions, structural changes, and certain external alterations may require planning permission. It’s essential to check with your local planning authority.

Can I do home improvements myself to save money?

You can potentially save money by doing some of the work yourself, but it’s essential to assess your skills and consider the complexity of the project. Hiring professionals for specialised tasks like plumbing or electrical work will ensure quality and safety.

Ready to Sell Your Home – What Next?

Not on the market yet? If you’re thinking about selling, our team at City Realtor is here to help. Contact us today on 0207 790 7702 or email admin@cityrealtor.co.uk to arrange a free valuation.

Don’t forget to follow us on our socials for updates and new listings!

Follow us on Facebook, connect with us on X, join us on Instagram, find us on TikTok, see us on LinkedIn, watch our YouTube Videos!

Good luck if you are buying a home, or considering putting your property in Tower Hamlets on the market. We’ve answered your FAQ’s here and we’ve answered some of your common questions about sprucing up your home for viewings below.