Property Development Add Value To Your Development

Date Published:

18/06/2009

In most of the world properties are described in terms of floor area (square metres), but in the UK it is the norm to describe a home as a ‘three-bedroom semi’.

Adding An Extra Bedroom

'This often means that adding an extra bedroom can be a really great way to add value to a property,' says Tugman. He points out that turning a three-bedroom into a four-bedroom house by means of a loft extension, can cost £30,000 to £40,000 but can add double that in market value depending on the location.

'But if your four-bedroom property is in a street of two and three-bedroom houses, extending it to make it five or even six-bedroom could make it difficult to get the return,' he says.

Tugman says to also avoid making the house ‘top heavy’: 'Don’t add more than two bedrooms to a two-bedroom house. It will look out of scale and you’ll have problems selling it on.'

Add An En Suite Bathroom

An en suite can boost your property development’s value. 'If two identical four-bedroom houses were on the market, the one with the en suite bathroom to the master bedroom would be likely to fetch £10,000 to £20,000 more,' says Tugman.

'An ensuite doesn’t need to be large but it’s vital it’s pristine and brightly lit,' he says. 'If the only space available doesn’t allow a window, make sure you have good lighting and ventilation. Keep the space simple with a walk-in shower, WC and basin. Forget baths and bidets. Use polished stone and keep the tiles light and shiny.' He advises budgeting £8,000 to £10,000.

For More Information

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