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Top 10 most unusual ways to add value to your home

Top 10 most unusual ways to add value to your home It’s a vital question for most homeowners at some point: “how do I add value to my home?” Some people will buy a home with a long-term view for capital appreciation. They might renovate or refurbish over time. They might add a loft conversion, a conservatory or live in the catchment area of a good school. All smart ways to stay ahead of the game. But there are plenty of less obvious things that can justify putting a slightly higher value on a property.

Top 10 most unusual ways to add value to your home

It’s a vital question for most homeowners at some point: “how do I add value to my home?” Some people will buy a home with a long-term view for capital appreciation. They might renovate or refurbish over time. They might add a loft conversion, a conservatory or live in the catchment area of a good school. All smart ways to stay ahead of the game. But there are plenty of less obvious things that can justify putting a slightly higher value on a property.

Here are just ten of them, along with an estimate of how much value they might add to a property. Some figures are from experience, while others are based on recent research. 

 

  1. Fishing rights. Riverside properties always sell well, but those which come with fishing rights do even better for obvious reasons. On prestigious fishing rivers such as the Test or Itchen, they could catapult a property into an altogether higher price bracket.
    Estimated added value: 10-15 per cent.
     
  2. Upmarket high street brands in your area. Everyone knows about the Waitrose effect, but there are plenty of other upmarket brands which add a touch of class to a high street and have a knock-on effect on house prices. Recent research in Hertfordshire put the ‘M&S effect’ at 9 per cent, with other brands such as Carluccios doing even better.
    Estimated added value: 8-12 per cent.
     
  3. Proximity to a well-known sporting venue. Who would not want to live in Wimbledon, Twickenham, St Andrews or other places revered by sports fans? The great sporting venues are globally renowned brands, with all the associated cachet: Estimated added value: 10 per cent.
     
  4. Proximity to a good pub. Research in 2015 showed that proximity to a good pub was an important factor for 23 per cent of buyers. If you are lucky enough to have one in your area, you should reap the benefit when you sell your property.
    Estimated added value: 7-10 per cent.
     
  5. Living on a hill. A Zoopla survey found that, curiously, properties with ‘hill’ in the address were worth more than twice as much, on average, as ones on mere streets. The British love heights, it would seem. So if you live on a hill.
    Estimated added value: 7-10 per cent.
     
  6. Wisteria. A rambling wisteria is so much easier on the eye than a bare wall. So, if you are lucky enough to live in a wisteria-covered property, you are justified in marking up its price.
    Estimated added value: 5 per cent.
     
  7. Regular farmers’ markets in your area. Everyone loves a farmers’ market and, if you are lucky enough to live in an old market town, where you can buy fresh produce in the town square, you are probably quids in.
    Estimated added value: 5 per cent.
     
  8. House names, not numbers. It really should not matter whether you live at the Chestnuts or at No. 35 Sandy Lane. But research by the Cheltenham and Gloucester Building Society has shown that 88 per cent of people prefer houses with names, to ones with mere numbers.
    Estimated added value: 5 per cent.
     
  9. An arthouse cinema on your doorstep. Like galleries and museums, arthouse cinemas are the outward sign of cultured, sophisticated communities – with property prices to match.
    Estimated added value 3-5 per cent.
     
  10. The celebrity factor. Never underestimate the value of a blue plaque, on the front of your home, signalling it was once the home of an artist, musician or actor. It will make such a positive impression on anyone viewing the property. Anything quirky that might appeal to a niche market can potentially add value.
    Estimated added value: 3-5 per cent.

 

Some of these add-ons may seem trivial. But selling property is such a competitive business that anything that gives your house even a tiny advantage over similar ones, will help your home standout in the market and potentially add pounds to the price.

Are you looking to sell, buy, let or rent? Contact your local Winkworth office, visit www.winkworth.co.uk/branches.

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