What adds value to a house?
Discussion
TA14 said:
OTOH I think that that is quite a good answer.
Although from the OP's other threads I think that he's asked the wrong question; I think he means what works can be done that would add at least the value of the works to the value of the house.
That's exactly what I means. Although from the OP's other threads I think that he's asked the wrong question; I think he means what works can be done that would add at least the value of the works to the value of the house.
I thought
Loft conversion up to 150% of what you spend.
2x floor extension double to 2.5x what it cost you.
Or have I got this rather wrong in that TV shows identify people do pretty much all the work themselves and somehow manage to source the materials at a low cost for quality parts IE in the real world simply not likely to replicate.
TA14 said:
Most TV shows work on this sort of formula: buy house for £300K, estimate spend at £50K, actual spend is £80K, sell for £410K so £30K profit and ignor the fact that rising house prices in the time it took to make the show meant that if they had done nothing they could have sold for £400K 
Yep makes sense. Though if your say turning a 3 bed into a 4 bed (by adding additional space not making other rooms smaller and adding additional bathroom/en suite or say walk in wardrobe to the master makes it very appealing.
Well very nice 2floor extension sold for £250k-265k more than ours or same as ours sold for at the time.
Loft conversion "hipped" with en suites seem to sell for £80-100k more rest of property dependant, one has converted to a 5 bed without going into the loft (but is 2x double and 3x single).
We would go for 4x double or 5x double with the loft from a personal choice perspective
Loft conversion "hipped" with en suites seem to sell for £80-100k more rest of property dependant, one has converted to a 5 bed without going into the loft (but is 2x double and 3x single).
We would go for 4x double or 5x double with the loft from a personal choice perspective
eliot said:
Had mine valued by an EA and they just multiplied the sq ft by a value.
I have fairly large log cabin with a shower and toilet, sleeping room and office space and they said it adds nothing to the value.
Out of interest does it have official planning approval for the bedroom - if not then it's simply a log cabin which clearly you can use to sleep in but cannot sell it stating x bedrooms and include this. I have fairly large log cabin with a shower and toilet, sleeping room and office space and they said it adds nothing to the value.
What about Teslas home power generation station? Same size as a dishwasher means your totally off grid and can sell energy back to the grid.
When this comes out can see us seriously looking into it. Ditto next gen PV to go only log cabin roof which faces neighbour so no impact to us
(and offer them power to their shed and garden lights as recompense + beer )
When this comes out can see us seriously looking into it. Ditto next gen PV to go only log cabin roof which faces neighbour so no impact to us
(and offer them power to their shed and garden lights as recompense + beer )guindilias said:
I always look to make sure there is a stream of water running through the basement, Welshbeef - and ideally the house would be owned by an imaginary "odd" uncle, and be virtually derelict.
What are you on about - Uncle Arthur is in rude health thank you very much. I'd recommend you stay off the vin rouge
Busa mav said:
You have not got a hope in hells chance of building for a 1000 / m2 in the Thames valley.
I design a lot of extensions in the area , at present I have 38 projects at various stages so like to think I have a reasonable idea of local costs..
Just the basics no kitchen no bathroom no carpets what is the ball park number?I design a lot of extensions in the area , at present I have 38 projects at various stages so like to think I have a reasonable idea of local costs..
Busa mav said:
1650 / m2 plus whatever vat you get stuck with .
Do I need to add new bigger boiler to that or does this value include an element towards such things. Thinking about it with a kitchen and bathroom carpets good doors etc you could easily be £3-4k per M2 it's crazy really as say Derby you could get a reasonable ground floor for £20-25k all in yet Reading wouldn't be far off £100k - bonkers.
TA14 said:
Welshbeef said:
Looking at house prices in my street doing what they have done seems would easily cover costs and some decent Profit.
Is that working out your costs at £1,000/m2?TA14 said:
Well you can play about with those numbers all day and I agree that in your case you could make a £100,000 'profit' however if the figures turn out to be say: £195,000 increase in value, 143m2 extension at £1,700/m2 then cost = £243,100.
Looking forward to your build thread
Am I right in quoting the ground floor and 1st floor area as a total? Assuming I am. Looking forward to your build thread
I bought the grand designs and home builder monthlies on the weekend. In one a family had bought a bungalow 3 bed very tired for £300k but had then spent a total of £145k on it and turned it into an amazing House 4 bed I think hovering glass staircase (typical top end appearance Grand designs) apparently local agents valued it at well over £800k. I'll try to take a pic of that article and put it in here. God knows how they did it that cheap but there are many examples in it of huge gains so unless they bought it well under market price or somehow the stuff they did to the house then the gain on the value add is impressive and clearly if like to replicate some of that or at least do the right thing.
Agree build thread.
matty g said:
Our new house is not quite south facing but is facing the opposite of where we last lived. We are currently staying with family next door but one and having a garden on that side of the road is light and day. Having the sun on the back garden from morning until early evening means we now use the garden much much more
Totally. Ours is south West facing so pretty much 11am until sunset. Last house was East facing with a short garden 30' so summer time 3pm garden was in total shadow. (House previous to that South West facing and we totally overlooked the issue when viewing and buying).
For us we wouldn't buy a house with a garden facing the opposite or North --- of course if you have multiple acres it's a moot point.
Chrisgr31 said:
I can understand that if you turn a bungalow in to a house then you will add appreciably to the value. After all you have presumably added a whole floor and therefore doubled the space. However I guess you'd have to do all the work yourself do it for only £145k
When I read it that didn't appear to be the case it was all subcontracted out. Also they only increased it from a 3 bed to a 4 bed.
However the other developments were existing houses but added huge £ value many multiples of the cost of the works. So need to understand how that is the case for those yet from this thread it appears sentiment would be at best you'd get your money back but be prepared to lose a fair old whack. I don't get the disconnect.
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