Since the financial crisis, homeowners have been finding it very difficult indeed to sell their properties due to many factors including drops in house values and loss of growth, which has led to many choosing to remortgage and do home improvements such as conversions and extensions.
More often than not, the reason that people do this is to increase their property value. A remortgage can allow the borrower to borrow more money and the projects can add value to the property making it more of an investment than anything else.
But many people don’t think about how much value they can add by doing up the garden and any outdoor space that they have. This too can increase property values greatly because many people prefer a home with a pleasant garden for the children to play and adults to relax.
There are a wide variety of options available to suit every budget and you can take on as large or small a project as you can handle and/or afford, right from simple ones like adding a decking area to place your outdoor dining furniture.
You can also take on other cost effective projects such as adding garden plants or digging up the old tired lawn and having a new one laid down. Small things like this can make more a difference than you would think as they make the garden look much tidier.
If your garden is on the larger side, you could invest in a larger project such as adding a wooden covered seating area which can give additional dining space. If you have the money, adding heating a lighting to such structures could add even more value as it would be more attractive to buyers.
For those lucky enough to have enough space for a pool, installing a pool is one of the things that can add the most value in terms of outdoor home improvements, however you need to ensure that there is still plenty of garden space left otherwise the property value could drop.
If you don’t have a garden big enough for a swimming pool you could consider another water feature such as a fountain or a pond and this can be very attractive to people. Water sounds are very therapeutic and they are also a good idea if you live near a busy road because it can cut down outside noise.
One of the most important things to do is to always maintain the garden, especially if your property is up for sale and you have regular viewings. Cutting the grass and keeping the borders weed free can make a world of difference to a potential buyer.
Of course, there are lots of other things that you can do too so why not consider looking in home improvements books or on websites for some more creative ideas. Don’t be afraid to go all out and remember it doesn’t have to cost a fortune. Getting a remortgage can help with the cost.
Marcus Selmon writes for Just Commercial Mortgages the UK’s No1 site for the latest commercial mortgage rates and commercial property finance news.
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