For many homeowners, investing in home extensions, property renovations and other development projects is the ideal way to enjoy a better quality of life for many years to come. Others, however, commit to such projects because they know it will add a significant amount to the market value of a property that isn’t a ‘forever home.’
The builders at CJ Construction (Surrey) Ltd cover everything from reactive maintenance and full property refurbishments to loft conversions and summer houses. If you’re a homeowner in Cheam or the surrounding areas looking to increase your property's resale value, we can help find the perfect solution for your needs and budget. We specialise in everything from carpentry and joinery to single- and double-storey extensions, home renovations and more.
Below, we have looked at which of our building services could make the ideal choice for you. Please note, this isn’t a comprehensive list. We have tried to cover as many needs, tastes and budgets as possible.
As such, we have focused on home extensions, property renovations and property refurbishments. Contact us to learn more.
Numerous variables affect the overall value of your home. These include its location, original size, the extension design, and the new room(s) our builders create. The condition of your original house is also important. If you’ve neglected planned and reactive maintenance work over the years, your new extension will have less impact.
However, statistics from industry research provide an insight into what you can expect. Nationally published survey results show that a new en suite double bedroom can raise the market value of an average 3-bedroom house by up to 23%. Home extensions, such as adding a standard double bedroom, raised the value by as much as 12%, while an additional bathroom brought about an approximate 6% increase.
As with property renovations and property refurbishments, the key to maximising the value of your Cheam home is to use experienced builders with a proven track record of stunning extensions.
Much like home extensions, the value added by renovation depends on certain initial factors. For example, if the property you buy is in truly terrible condition (think minimal reactive maintenance, a case of damp and subsidence), the potential returns may not appeal so much. The location will also provide a ceiling on potential profits.
However, research from the HomeOwners Alliance and the Federation of Master Builders shows how successful a relatively simple renovation can be. Key aspects include:
If your property renovations in Cheam also include an extension, this could take the resale value to another level.
The home you plan to sell may already be in great condition. It could already have an extension. You might have invested in a planned and reactive maintenance programme for years. In these cases, refurbishments by reputable builders deliver fast, cost-effective results with near-universal appeal. Refurbishing is also popular with Cheam-based landlords looking to increase rental yields.
Unlike property renovations, property refurbishments focus on the aesthetic touches rather than structural elements. According to Towergate Insurance, painting and decorating can increase a home’s value by an estimated 5%. Cleaned or upgraded flooring can add up to 3%, while new garden decking can increase value by around 2%.
The final figure for your Cheam property’s resale value depends on the scale and scope of the refurbishments you want to carry out. When compared with home extensions and renovations, however, this is the most budget-friendly approach.
Contact us today to find out more about our building services, including home renovations, carpentry and joinery, single- and double-storey extensions, and more.
