Today in the property market, we all know that it is important to get as much bang for your buck as possible when selling a home. Many young people are being faced with a stark choice between investing for a pension, or in a mortgage. For those who are already on the property ladder, they are in a unique position to be able to add value and downsize when they are wanting to release capital from their investment.
There are different approaches people take when it comes to improving the condition of their home. All of these are worth investigating, as they are likely to have a positive in place on the value of the property as well. The trend that has been seen across London over the last decade or so is that in virtually all areas, property prices are on the rise (https://www.theweek.co.uk/96389/london-house-prices-explained-in-five-ch...).
Before undertaking any renovations in your home, it is important to know where the most value can be added to ensure you see the best possible return on your investment without overspending. Looking at kitchen style trends for the coming year is a good place to start (https://www.harveyjones.com/blog/inspiration-and-advice/2019-interior-de...), especially if you’re planning on selling in the near future.
Those who are thinking further into the long term might want to investigate maximising space with a loft conversation or the like (https://hoa.org.uk/advice/guides-for-homeowners/i-am-improving/loft-conv...). When you look at London property prices, space is a big factor in determining value. If you’re able to get more space than you began with, you will be sure to see a big return on what you invest, especially if your property is in one of the more desirable boroughs of the capital (https://metro.co.uk/2014/11/25/london-boroughs-ranked-from-worst-to-best...).
Whatever your budget or decision is, putting money into property will almost always have a positive effect on its overall value.