Could Renovations up the Value of Your Property?
According to the Federation of Master Builders and the HomeOwners Alliance, the creation of an open-plan kitchen can add around £50,000 to the value of a London home while the addition of en-suite bathroom could increase its listing price by £14,000. Does this mean that you’re sitting on a gold-mine and it’s time for a kitchen or bathroom redesign? We’ve got the perfect tiles if you’ve got the ideas…
There’s so much to consider when it comes to renovations: How much will it cost? Will the output justify the outcome? What floor and wall tiles should I choose? Should I get an expert involved to do the building work and tile installation? So news from industry experts that a few choice modifications to properties in key UK locations could up their market value significantly is fantastic news. It’s time for property developers to take note that large-format tiles could be lucrative and marble flooring could be a money-spinner!
New research by the Federation of Master Builders (FMB) and the HomeOwners Alliance (HOA) suggests that everything from the type of kitchen you choose to the floor tiles you select to the worktops you decide on, are not just interior design and lifestyle choices but shrewd business decisions too.
For example, while adding a spacious kitchen-diner to a London property could up its worth by £50,000 renovating a master bedroom to include an en-suite bathroom could bring in an extra £14,000 come hammer time. Transforming an under-stairs cupboard into a toilet could add over £26,000 to the price tag of a property in nearby Surrey. There’s also good news for property developers based further west with the likes of new kitchen worktops raking in around £26,000 for Dorset homes.
We realise that the value added to your home is relative to what you spend on your revamp but when you’re looking at figures like those mentioned by FMB CEO Brian Berry, there’s no denying that reaching for tiles and tools could be the best decision you make this year: “By investing less than £3,500 on the creation of an open-plan kitchen and diner, home owners in London can add a whopping £50,000 to the value of their home in just one week”.
The best news is that Porcel-Thin has everything you need to make your renovations a first-rate investment. We offer an excellent range of antibacterial tiles that will add value as well as the peace of mind of health and safety to hygiene-sensitive spaces like your new kitchen-diner. Our stunning larger than life stone-effect tiles will make fantastic looking worktops that impress buyers and last the distance. The water-resistance and hard-wearing nature of our porcelain tiles also make them ideal for any bathrooms or wetrooms that are part of your redesign as well as outside spaces such as patios and extensions.
Get in touch for advice on the best porcelain tiles to use for your property renovations to create style, functionality and an excellent return on your investment.
24th April 2018