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Property renovation

Property renovation

How to add value to your home when considering selling

18/04/2017

The year started off with uncertainty in the housing market. With the Brexit looming over everyone's thought, the property market took a tumble on the scale. However, there's still demand for high-value properties in and across the United Kingdom. Here are a few tips on how to add value to your home if you decide on selling it in the near future. With proper adjustments, the value of your home can increase more that you anticipate.

Home improvements when done right can give a home a sense of affluence and opulence. This richness gives buyer satisfaction and comfort who will not be afraid to invest a little more in acquiring the house. Here are some well-researched methods on how to add value to your home.

Create more space

Spacious living always provides a sense of comfort and flow in the home. New buyers are often strictly looking for spacious rooms they can decorate to their liking. So as a probable seller, you will have to look into creating a spacious look of your home. If you have the budget, you could spend on creating an extension. Extending the living space with a well-made extension that fits perfectly to the aesthetics of the house adds 7-10 percent to the property value.

Fix Structural Flaws

Before you begin to make improvements to the interiors, you may want to inspect some structural flaws that might be apparent to the new buyer. This flaw will likely disappoint the buyer or even hamper valuation of the property. Things like sagging roof, leakage, insect infestation, unstable stairs are something no one prefers while buying homes. Fixing them will not cost you much but does add quality and value to the house.

Update services in your home

Features like electricity, plumbing and heating add lots of convenience to the owner. Having modern appliances replace old, and rusty installations add features buyers look for while buying a new house. A proper wiring, socket placement relieves buyer from doing the additional modification. Moreover, use of modern appliances, wiring and plumbing prevents from accidental fires and leaks adding benefit to the purchaser and value to the house.

Add a green space

An attractive garden will add a hefty amount to the value of the property. If you have an unused backyard, consider turning it into a garden with trees and plush plants. If you can, you can think of creating a conservatory for the garden. A garden should provide feeling a seclusion, and the perceived value of the home is increased.

Kitchen makeover

Kitchens are a vital part of the home, and buyers reluctantly analyse the quality of the kitchen of a new home. Kitchen appliances, water supply, drainage, the layout should all be reconsidered to increase the value of the house.

Internal decoration

When all things considered, the first thing you can do to impress the buyer is the interior decoration of the house. This can mean repainting the walls, replacing carpets, doors, and other equipment in the house. Add mirrors or paintings in the hall, plants in the living room and lamps in the bedrooms. All this might need some professional help, but when done right, it increases the character of the home, thus increasing the value of the home.

Finishing touches adds uniformity to the whole house without being bland or distasteful. Presenting is one of the key aspects of selling so you have to get it right to expect a good return.

Rename your home

A recent study by the Telegraph revealed that replacing old street numbers to regal names can raise the price of the property up to 40%. It also found that people like a proper name to the house than a street number to represent its location. Something like “The White Cottage” definitely sounds more appealing than “Blvd St 312”. Although this is not for everybody, some prefer to have unique and lavish names of their home. Moreover, all this just costs £49 at the local council.

Often people settle for minor superficial adjustments overlaying serious problems. They might fool a regular guy, but they probably can't fool an experienced surveyor. So it is worth noting that offering value will help your gain more value in return. So it is up to you to confirm how much value you want to add to your home if you want to resell.

Why should you check building regulations when buying a house?

17/04/2017

The buyers often think that a property with subtle design and work is a great investment. Once the conveyancing is done, and the land registration completes they are out of the furnace. However if you aren’t stringent in checking every aspect of the house properly, it would be a fool’s paradise. A seller must understand and fulfil building regulations but it’s buyers responsibility to verify the regulations are met. The conveyancing solicitor should make it easier to confirm if the house confirms to proper building regulations. Do you wonder why you need to know the regulations? Here are the reasons.

Building regulations control proper housing standards

The very first thing is to understand the rules. The local authority has the responsibility to oversee the building regulations. Most of the repairs don’t need building regulations approval, you can check Gov.uk site to check what does require approval. So, anyone who is renovating or working at the house by changing the specific elements must seek approval from the authorities. Some of the changes that require building regulations approval are:

  • replacing fuse boxes
  • bathroom with plumbing
  • replace, install or add additional heating system
  • add fixed air-conditioning machine
  • electric appliance around bath and shower

Modifications that do not need building regulations approval are:

  • Maintenance work for most small repairs
  • addition of lighting points to existing circuits

It always helps to check with your local authority to verify that the changes made by the seller are authorized by the local authority. The local authority must verify the plan and ensures that the plan complies with the permissible law. However, people often do not seek permission for the minor changes like plumbing or shower installation. However, these changes have an impact on the drainage, and that comes under the local authority.

Now, as per the Section 36, Building Act 1984, the local authority can stall the work if no approval is sought or serve a notice to put back the design as the original. This can be done within 12 months of the completion of the job. The most significant part is that the local authority does not bother whether the current owner changes the design. So, if a buyer purchases a property from a seller who did not seek approval, they should pay the price when local authority serves the notice.

What to do?

The buyer and the solicitor of the buyer must ensure that all prior approvals were sought from the authorities by the seller. However, if not, then the seller must pay the cost if the authorities ask for any change. It is not always possible to catch hold of the seller, so the buyers often transfer the risk to the insurance party. The insurance premium is quite low for this and can become very helpful for the purchaser if this situation happens. A solicitor is an expert on the building regulations, and he or she must ensure that the rules are followed.

This is not always a conveyancing cost, but the cost may hamper the planning of the buyer dearly. This is the reason; building regulations when buying a house must be verified. A good solicitor or conveyancer from the established law firms like NBM Law Firm should be contacted for better result and smoother experience. It is also good to do some research on the building regulations before purchasing.