Property values in the UK are in decline, with values having dropped by 0.8 per cent between December 2018 and January 2019.
According to the latest House Price Index from the Land Registry, the average property value in the UK stood at £228,147 earlier this year.
In England, it was £244,567, which is just over £3,000 more than it was in January 2018. This marginal 1.5 per cent annual growth rate is low compared with previous years’ and could be enough to motivate homeowners to make changes to their property.
Those who want to move into a bigger house in the future might find themselves priced out of the market if they are not able to make a large enough return on the sale of their current residence.
Therefore, many people are choosing to make home improvements before they put their property on the market. This not only helps to boost the value of the house, helping them to achieve a higher asking offer, but it also extends the length of time they can live in their abode, meaning they are in less of a rush to sell.
One of the best ways to get the most out of your property is by looking at Liverpool conservatories for your home.
Conservatories are great at adding extra space to a house, as they give you an extra reception room. This could be used as a playroom, a study, a games room, a more formal place to socialise, or somewhere you can relax at the end of the day.
What’s more, it can add considerable value to your home. Fastsalehomes estimates that a conservatory can boost the asking price by between five and 15 per cent, depending the quality of the extension. For a home currently valued at £200,000, this could mean an additional £30,000.
Share this post: