5 value-boosters for your property investments
When it comes to increasing the value of your property, we all know the usual suspects _ tidy gardens, extra bathrooms and modern kitchens to name but a few, but it_s the less obvious things that can have a surprising effect.
If you_re looking to make your property more attractive to either buyers or renters or simply to boost its value, these are the following factors that could make all the difference.
Happy shopper
Living close to a major supermarket can inflate prices by up to 38,666 if the supermarket in question is a Waitrose, according to research carried out by Lloyds Bank. Even shops at the lower end of the supermarket will add thousands to the house prices in the vicinity, with Asda adding 5,026 and Aldi scoring an extra 1,333 for local residents. Now that_s what we call a value range.
Doing it for the kids
If you_re looking to add value, you need to put children first. Upmarket activities like pony clubs and chess activities make houses more desirable, while too much evidence of a house lived in by children will put people off. In fact, a messy kid_s bedroom can knock 8,000 off the value of the average house, according to ING Direct.
Wind out of your sails
Avoid buying near a wind farm because it could take the wind out of your sails, or your house price. Large wind farms can slice up to 12 per cent off the value of homes within a 2km radius and even have an impact on homes as far as 14km away. Although the research, which was carried out in 2014 by London School of Economics, has since been declared nothing more than hot air by other sources, why take the risk if you can avoid it?
What_s in a name?
Opt for properties on _lanes_ or _hills_ as they are worth 50 per cent more than the national average and even more than the equivalent houses on _streets_ or _terraces_, according to analysis by property portal, Zoopla. _Warrens_ are top of the financial tree when it comes to higher prices, but street names with a royal pedigree also demand better returns with Kings worth up to 20% more than Queens.
Against the odds _ or not
We all know that the number 13 is unlucky for some, but did you know some streets deliberately don_t have a number 13, Downing Street included. According to FindAProperty.com, those that do will find that a property with the number 13 sells for 6,500 less than its superstition-free neighbor. Overall, odd-numbered houses are worth up to 538 more than their even-numbered counterparts. Now that_s what we call getting lucky.
Read more articles like this on the Fixflo blog – https://goo.gl/k45inx
Visit the Fixflo Website – https://goo.gl/XZ5jLD
Follow us on Twitter- https://goo.gl/LDYKmE
Like us on Facebook – https://goo.gl/aJEzCS
You May Also Enjoy
Housing market gets off to its strongest start in three years, with new sales agreed up 12 per cent on 2024
Westminster council must outline how their proposals on property boards will not hinder market
National Federation of Builders View on Chancellor’s Speech
Landlords and Tenants: A Balanced Relationship in the Private Rental Sector (PRS)
Government Correct to Head Off Climate and Nature Bill