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Housing Market Recovery Equals Ideal Time to Renovate and Sell

Posted on by optioffice

After a few years of stunted growth, it seems that the housing market in the United Kingdom is finally starting to recover. According to the latest data released by the Office for National Statistics, UK house prices experienced growth levels of 8% between March 2013 and March 2014. This percentage is an average figure, as growth levels varied from region to region. For example, the report shows that house prices in London went up by a staggering 17%, whereas the East and South East of the country saw growth levels of 6.6 and 6.1% respectively. Price rises in Scotland and Northern Ireland were less evident, but they still increased by 0.3 and 0.8% in each case.

So what do these figures mean for homeowners in the UK? Looking at the upward price trend recently experienced by the housing market, it seems safe to say that now is one of the best times in years to renovate your existing property with the objective of selling it in the near future and making some profit out of it. No matter where in the United Kingdom your home is located, investing in some well-planned renovation projects can be the key to adding value to your home.

There are several ways in which you can make your property more appealing to potential buyers, but it is also true that buyers tend to look for specific features when it comes to making the final decision. Kitchen and bathroom renovations are some common ways of adding value to a property.

In particular, kitchen extensions can add up to 4.6% to the total value of a property. Likewise, a recently renovated bathroom can increase the sale price of your home by 2.88%. Garden redesigns (such as adding a decked patio) can add another 2% to the house value and, whilst creating additional floor space (in the form of conservatories and loft or garage conversions) are often complex projects, your efforts will surely be rewarded as they can bring in an extra 7% to the final sale price of your home.

To minimise the disruptions created by home renovation projects, arrange skip hire with B & J Skips and we’ll provide you with an affordable and convenient solution no matter what the scale of the renovation might be. Our skips have a capacity that ranges between 2 and 16 cubic yards, so you can be sure that we have something that will suit your needs. We have been approved by local authorities to operate in both commercial and domestic settings, and all our skip hire services come with full insurance. Call us today to enquire about our services or to make a booking.

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