Hoping find a home you can renovate to add value, but not sure what exactly to look for? Zoopla can give you a helping hand, check out their top tips below!
Extending a property is a great way of adding value in a tried and tested manner, so keep an eye out for a home which can be built out.
Many Victorian and Edwardian terraced houses have a side return – a dark and often under-used strip of garden. This can be a great area to extend into, to create a bigger and highly-desirable kitchen.
Homes where you can add a storey
If a property already has a single-storey extension, look at whether there’s scope for adding another storey.
This could give you space for an additional bedroom and bathroom – one of the most effective ways to boost your property’s value.
Seek expert advice from a builder on whether the existing extension is strong enough to support a second storey.
Homes on plots that can be extended
Don’t be too quick to dismiss a home where the plot is too small for the size of property. Check out the possibility of purchasing adjacent land.
If you are able to do so, this could mean a dramatic increase in the value of the property.
Homes where you can create open-plan living
Building an open-plan kitchen-living room is a highly desirable way of adding value to your home, so look out for places with a small kitchen that is beside a large dining room or living room.
Find out whether the wall is internal or load-bearing. It will cost more to remove the wall, as structural support will be needed to replace it, if it is load-bearing.
Homes where you can improve layout
Spend time scouring the floor plan to see what changes can be made. A badly laid out property that can be re-configured can offer potential.
Homes that require new kitchens and bathrooms
Pay close attention to homes which need the kitchen and bathroom ripping out and starting again. They are two of the most valuable rooms in a property.
Homes where you can add a downstairs toilet
Think as creatively as you can, as you may not need to knock down walls or build an extension to fit a downstairs toilet into the property. You may be able to fit one in in a large cupboard, in a space under the stairs, or by syphoning off a portion of a room.
While an ugly home can be a turn-off at first sight, it’s worth looking beyond initial impressions to see if the place can be given a facelift – and especially if the property is in a good location.
Homes that are close to the road
Many buyers will turn their backs on a property that suffers from being too close to a road. But there are steps you can take to improve things in terms of looks and noise, such as good screening and a change of approach.
Homes with outside potential
Take a look outside to see if there is enough space for a garden room – which could be a great spot for a home office.
A conservatory is another good way to increase the living or dining space – or make a kitchen more spacious.
Homes where you can restore old features
You can add real value to a property by restoring original features and taking good care of them – enhancing the charm and personality.
Spend some time looking at properties which have these features, such as wooden beams, old-fashioned fireplaces, floorboards, bannisters and doors – and especially if they haven’t been treated very sympathetically.
Homes that have a poor EPC
While you might view a home with a G-rated Energy Performance Certificate as a complete deal-breaker, you could also see these weaknesses as potential – as dramatic improvements can be made.
For example, you could upgrade the heating system, replace an old inefficient boiler and install insulation. These changes will bring a property straight into the 21st century, and make a big difference to its value.
Article by the team at Zoopla