best ways to add value to your home, if and when you do decide to sell..
More of us are spending time at home, and rather than moving, renovating or making improvements to their homes , especially during lockdown this year.
The are plenty of options , but some renovations reap bigger profit & return on your investment . – and it’s not always about how much you spend, either.
Related: The cheapest times of year to make home improvements – from garden clearing to fitting a bathroom
Using this calculator by Towergate Insurance, We’ve entered the current average house price in Hastings of £283,255 according to Zoopla ( as of January 2021 ) with a budget of less than £5,000 for each project
Open Plan Living
An updated kitchen alone won’t bring you nearly as much profit as creating an open-plan kitchen and dining space. It’s an easier and more affordable job if you have non-load bearing walls that you can knock down – which is what this profit estimate is based on.
Estimated profit £14,895 – based on an average cost of £2,100 and estimated value increase of £16,995 (6 per cent)
A modern system will be a must for most homeowners, and cut down on energy bills too.. If your boiler is more than 15 years old, consider replacing it.
Estimated profit £12,071 – based on an average cost of £3,225 and estimated value increase of £15,296 (5.4 per cent)
Paint and Decorate
Applying a fresh coat of paint or papering the walls is one of the most cost-effective ways to add value, and makes a lot of impact - even if you freshen up your existing colour. Standard advice is neutral palettes will have the broadest appeal to buyers.
Estimated profit £11,313 – based on an average cost of £2,850 and estimated value increase of £14,163 (5 per cent )
Renovate your fireplaces
Adding a wood-burning stove could make your home more saleable ,however burning wood is not CO2 free; it releases carbon, stored over the previous decades, in one quick burst.
For an equal amount of heat or electricity, it releases more CO2 than burning gas, oil and even coal, so straight away we have more CO2 in the air from burning wood. This should be reabsorbed as trees regrow. It could take more than 100 years before the atmospheric CO2 is less than the alternative scenario of burning a fossil fuel and leaving the trees in the forest.
Estimated profit £10,663 – based on an average cost of £3,500 and estimated value increase of £14,163 (5 per cent )
Add a bathroom
Most buyers with families expect a second bathroom - if you can fit in an en suite, the better
Estimated profit £9,913 – based on an average cost of £4,250 and estimated value increase of £14,163 (5 per cent)
Update your flooring
Bringing original floorboards back to life in an older period property is a great way to add value without spending a fortune , especially if you employ a professional to sand for you and natural stone is the only type of flooring that gets better as it ages. Avoid cheap laminate or vinyl as it can put off buyers , spend as much as you can on the areas you use daily.
Estimated profit £4,498 – based on an average cost of £4,000 and estimated value increase of £8,498 (3 per cent)
If nothing else, you need to ensure there is adequate insulation as this will improve your energy rating and reduce heating costs. If you have old concrete roof tiles, changing them to slate will add value and enhance the appearance of your house exterior design. Roofs last a long time – a new one is a great selling point, as potential buyers won’t need to worry about replacing the roof in the near future.
Estimated profit £4,348 – based on an average cost of £4,150and estimated value increase of £8,498 (3 per cent)
Outside Space & Decking
Homeowners leaving London hit a 4 year high as 74,000 left during the pandemic last year and is set to continue through this year too.
An estimated 73,950 homes were bought outside London by people moving out of the capital in 2020, marking the highest total in four years
Hastings is more often a choice for freelancers or remote workers, or those choosing a total lifestyle overhaul rather than looking to maintain their London connections & more living space including outdoor areas is top of the list.
Estimated profit £3,490 – based on an average cost of £2,175 and estimated value increase of £5,665 (2 per cent)
Whether you're on the move or decide to renovate , or even have an old fashioned declutter during furlough - whatever waste you have we can dispose of it for you.
We supply Skip Hire from 2yd - 16yd for Domestic & Trade customers across East Sussex and the Hastings, Bexhill & Eastbourne areas.
We're locally owned & operated with lots of expert knowledge & advice on hand.
Call the team on 01424 732643 or visit the rest of our site for lots of handy info & advice.