Page 13 - ESPC_Jan25

EXPERT ADVICE

Renovating for resale

Gavin Pearson, Senior Legal Director at Mov8, shares insights into the
renovations that help to increase your home’s value.

elling your home while maximising its value can be a delicate balancing act. You want to make
changes that enhance your property’s appeal but also enjoy the improvements while living
Sthere. Fortunately, many home renovations not only increase resale value but also improve
your day-to-day quality of life. Here’s a breakdown of the top value-adding upgrades to consider.

Loft Conversions Kitchen Remodels Energy Efficiency Upgrades Garden Landscaping
Potential Value Increase: 15-20% Potential Value Increase: 5-10% Potential Value Increase: 5-15% Potential Value Increase: Up to 20%

Transforming an unused attic into a functional As the heart of the home, the kitchen is a With rising utility costs and growing interest Your garden is the first thing buyers see,
space – whether as an extra bedroom, office, or key selling point for buyers. Renovating your in sustainability, energy-efficient upgrades and a well-maintained outdoor space can
hobby room – can significantly enhance your kitchen with modern appliances, updated are increasingly valuable. Options like double significantly boost kerb appeal. Adding
property’s appeal. Loft conversions increase cabinetry, or a fresh layout can revitalise your glazing, better insulation, or a new boiler can features like a patio, seating area, or improved
living space without requiring an extension, often home. Costs range from £5,000 for minor reduce energy bills and attract eco-conscious greenery creates a relaxing environment while
bypassing the need for planning permission. updates to £30,000 for a full remodel. buyers. increasing resale value.

While costs range between £20,000 and £50,000 Not only do these changes enhance While initial costs can be high – £3,000 for Beyond aesthetics, a landscaped garden
depending on complexity, the investment pays functionality, but they also create a more double glazing or a new boiler – long-term provides year-round enjoyment for hosting,
off by adding square footage and improving enjoyable space for cooking, hosting, or savings on bills and potential government relaxing, or outdoor play. Maintenance is
usability. For maximum resale value, consider simply relaxing. While the process can be incentives make these upgrades a smart required, and local weather might limit
turning the space into a bedroom. However, any disruptive and expensive, the return on choice. They also make your home more usage, but the visual and lifestyle benefits are
functional upgrade that aligns with your needs investment and improved day-to-day living comfortable, especially in colder months. undeniable. For cost-effective upgrades, many
will likely add value. make it worthwhile. landscaping tasks can be DIY-friendly.

Adding a Bathroom
Potential Value Increase: 4-6% Balancing Lifestyle and Resale Value
When planning renovations, focus on upgrades that enhance your living experience now
An extra bathroom — particularly an en suite — offers both convenience and increased property while adding long-term value. Whether it’s a loft conversion, kitchen remodel, or energy-
value. In larger households, it eliminates the morning queue for showers, while smaller homes efficient improvements, the benefits of comfort and increased property appeal outweigh
benefit from the added appeal of luxury and practicality. the challenges of cost and disruption.
Costs vary from £3,000 to £15,000, depending on whether you’re repurposing existing space Ultimately, these upgrades ensure your home remains a valuable investment and a
or building an extension. However, additional plumbing work might be required, and space space you’ll love living in for years to come. For personalised advice on the potential
elsewhere in the home may need to be sacrificed. Still, the convenience and resale value make it value of your renovation plans, don’t hesitate to consult experts.
a desirable investment.

For more from Mov8, visit mov8.com or call 0131 253 2982.
12 | espc.com espc.com | 13