Extensions Are The Successful Key To Enhance Property Value

There are many ways in which Britons can enhance the value of their home.

Such is the assertion of the National Association of Estate Agents (NAEA), which in a recently released survey of its members reveals that there are various home renovation projects which could boost the cost of an overall property. According to the firm, 92 per cent of estate agents believe that an addition on to a house could be one way to enhance its value.

Those homeowners, who are particularly determined to enhance the value of their property, may desire to consider building extension as some 41 per cent of NAEA members questioned believe this is the single most useful way to increase the worth on to a home. Meanwhile, 17 per cent claim kitchen can increase property prices the most. About 15 per cent state that adding off-road parking will help to boost up house prices.

With the housing sector in a current state of decline, consumers looking for an effective way to enhance the value of their property may wish to consider applying for a homeowner loan. These loans provide financial assistance to the borrowers to cope with the expenses of materials and expert professionals. The borrowers can repay the loan amount in affordable monthly installments.

The study also revealed that four per cent of respondents think building a conservatory or glass extension will increase the price of a home, with the same proportion of estate agents also believing improvement in the exterior of a house can have such an effect. Meanwhile, a loft conversion and installing an en-suite bathroom was lauded by eight and five per cent of those investigated respectively.

Commenting on the figures, Peter Bolton King, chief executive of the NAEA - which is the residential sales arm of the National Federation of Property Professionals revealed that “In the current market homeowners are keen to attempt anything to enhance the value of their home. For this reason, a well planned and built extension, that creates an additional open living space, could potentially increase the value of a property.”

However, the homeowners must take care of the average price of properties in the local area. It helps them to achieve the maximum price of their property.

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