How to add value to your property in Marylebone

Increasing the value of your property in Marylebone could be a great option before you come to sell your property, to maximise of the full value of your property.
Here are a list with some percentages on potential added value.
 

1. Convert your cellar

Potential Value Added: Up to 30%

Transforming an existing cellar into a living or storage space can boost a property’s value by up to 30 per cent – so long as the build cost per square foot is less than the price per square foot of the area.

2. Split a house into flats

Potential Value Added: 30%

Converting a house into flats is popular in London, where flats are in high demand and often easier to rent out. Splitting a property into separate units can therefore maximise rental income in the short term and profit on sale in the long term.

3. Convert your garage to living space

Potential Value Added: 15%

If your garage isn’t being used to house a car, it could make sense to convert it into a living space – especially if you have parking space outside.

4. Extend the kitchen with a side-return extension

Potential Value Added: 15%

A side return is a narrow alley that runs adjacent to the kitchen in a typical terraced or semi-detached house. Extending the kitchen into the side return and to the full width of the rest of the house means you gain valuable space and can also improve the layout.

5. Loft conversion to add a bedroom

Potential Value Added: 15%

An extra bedroom can add up to 15 per cent to the value of your home, especially if it’s a loft conversion with an en suite bathroom. Most lofts can be converted, but it’s worth getting an architect or builder to double check before you start.

6. Increase living space with a conservatory

Potential Value Added: up to 10%

If you want to feel closer to nature, a fully glazed conservatory will merge indoors with outdoors. To get started, think how you want to use the space and whether a modern or traditional style will be best for your home and lifestyle.

7. Apply for planning permission

Potential Value Added: up to 10%

If you’re thinking of buying a property and adding to its value through extensions or major improvements, check whether you’re likely to get planning permission. After all, yield calculations based on a bigger square footage are worthless if you can’t get it.

8. Kerb and garden appeal

Potential Value Added: up to 10%

Garden space is limited in London, so if you’ve got it, make sure you’re making the most of it, especially when you’re planning to sell. A deck or patio can transform a garden into an entertaining space, and when designed as an additional room, a summer house can also add to the property value.

9. Get a new bathroom

Potential Value Added: 3-5%

A new bathroom will certainly increase the value of your property – but it can be an expensive investment. Fortunately, it’s possible to make updates on a budget.

10. Make the living area open-plan

Potential Value Added: 3 to 5%

You can transform your home and save on the cost of an extension by knocking down the wall that separates your kitchen and living room.