How to find a property you can add value to

In today’s market, most buyers are unenthusiastic about taking on the cost and extended timescales of a large renovation project. But many of the clients we work with are still looking for properties that offer good value through potential for improvement. Smaller, strategic projects that create significant impact are particularly attractive.

Improving a property’s layout can be a more cost-effective alternative to increasing its size and in some cases can deliver nearly as much value, without the high costs of extensions or rebuilds. These are some of the best ways to improve a property and add value without breaking the bank.

Rethink the space

Older homes often have poor layouts which don’t work for modern living, but there are several ways you can maximise the functionality and flow of the space without major structural work.

  • Create a large open-plan kitchen/living space
  • Add a downstairs cloakroom or utility room if one doesn’t already exist
  • Add a bathroom or en-suite if space allows
  • Open the kitchen/dining area to the outdoors, introducing more light
  • Consider loft conversions, which are particularly popular with young families, offering extra space without major cost.

Enhance visual appearance

Buying a less attractive property can be an excellent way to add value. These homes are often significantly cheaper than more visually appealing ones and improving their kerb appeal can be relatively inexpensive.

  • Soften exteriors by planting climbers such as wisteria
  • Replace hard landscaping with flowerbeds and softer planting schemes
  • Clean or repoint brickwork to instantly lift the exterior of the property
  • Upgrade the front door and windows for a fresh, cohesive look

Always remember…

Before you buy, it’s important to always check whether a property is listed or located in a conservation area, as this will potentially restrict the changes you can make. Investigate any existing covenants too. Some older ones may no longer be enforceable, depending on changes over time.

For help and advice on finding a property you can add value to in West Sussex and the Surrey and Hampshire borders, please contact Jennie Hancock on jh@propertyacquisitions.co.uk or call 07776 452128.