Since probably a decade ago when property prices really started to rise. And in the last few years, especially around and in London prices went crazy. Especially, in the London travel zones where people live and then commute to London, in “suburbia” and of course slightly outside of London too (say about an hour each way commute away from Waterloo and the city). We live in zone 6 in South West London and prices have doubled in the last 5 years (when we bought our place).
But thinking about the difference between how much our parents had to fork out for their house to own and how much we had to – it’s a jaw dropping number. Imagine if someone bought a house in South West London in the 80s or even earlier for a few tens of thousands and now it could well worth over a million pound! (At least that’s what happened to my husband’s mum.) In fact if you want to find out how much your property’s value increased over the years, there is a great online tool called How much my house made me
Whilst also some new properties are being built, a lot of owners are looking to improve their homes, not only because it will then provide a better and more tailored living space they can enjoy more, but also to increase the value of the property for when they have to move on. Thinking about moving to a different area for a new job, for a new school, to help their children, downsizing after the children have moved out, or simply just changing lifestyle.
Turn your garage into living space
As long as you can park your car on the front porch or on the street, go for it! Most of the time the garage is a wasted space: just get rid of all the unused items you store in there. It can be transformed to an office, a guest room, conservatory – they would all add value to your house.
Transform dead space as storage space
It’s good to have lots of storage place, but don’t hoard useless old stuff in your garage as I pointed out before. Instead, use the dead spaces like the ceiling voids or under the stairs.
Make it more energy efficient
Even nowadays, but in the near future the energy efficiency of the building will add to the value of the home as on a longer term it will save you money. (And the environment.) And you probably need to start this in the kitchen!
Look after your garden
If you have a garden, maintain it either by yourself or by hiring professional garden service. Not only for you to enjoy your beautiful garden, but when you want to sell it this will mean a good selling point. No one wants to deal with an unmaintained garden as it means a bit of an upfront cost for the buyer to sort it out when moving in.
Update your bathroom
Nothing more disappointing than an old and in need of renovation bathroom. Luckily small updates don’t even cost more like a shower panel, and changing the cracked tiles. But it would give you a beautiful new bathroom feeling to live with.
This is a collaborative post.