How to Make the Most of UK’s Booming Real Estate Market in 2018

The first quarter of 2018 marked an amazing four months for homeowners across the entire United Kingdom and we seem to be entering a golden age with regard to housing prices. As a matter of fact, property values increased by almost €4,000 per home during the past four months and this trend is expected to continue well into 2019.

Thus, if you’d like to maximise your home’s market value and synergise with the current economic climate, it’s in your best interests to partner with a reputable team of builders this summer and create a renovation plan to enhance your property’s appraisal price.

Pick a Renovation Project with a High ROI

The concept of ROI plays a pivotal role when it comes time to facilitate a refurbishment or improvement project because it quantifies the amount of money you’ll be able to add to your property’s listing price after completing the transformation in question. In this regard, structural extensions and conversions are definitely the most valuable options:

  • Building an orangery or auxiliary sunroom can add upwards of €19,000 to your home’s market value.
  • Converting your cellar or attic into a fully functional living space will boost your home’s appraisal value by roughly €15,000 to €25,000.
  • Extending the square footage of your kitchen or back room will bump up your home’s listing price by anywhere from €8,000 to €16,000, depending on the scope of the renovation.

Based on the current material prices and labour rates, you can expect to recoup as much as 75% on any one of these undertakings.

Create a Personalised Plan with a Local Builder

Simply by consulting with one of the reliable building services in Oldbury, you can establish a unique, tailor-made refurbishment plan based on your property’s architectural features, budget, and stylistic penchants.

However, you’ll be best served if you get started sooner rather than later so be sure to book your preliminary evaluation during the next few weeks. A more valuable, appealing home is just a phone call away.


 

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