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: BPS

OMB Section: Blogger Blogger Category: Real Estate Post Author: BPSs' BLOG ( 9 articles!)

Article Title: How to Add Value Article views: (2903 ) Last Modified, 2020-07-30

 

How to Add Value

Ever wondered how much money you should spend on that Kitchen Refurbishment? Are you confident that Property Location is Really More Important than Getting the Right Property? What about Loft Conversions, will they really add value to your home? Space versus rooms, Open Plan Lounge versus poky sitting room and separate Kitchen, one large or two small bedrooms...

Key Factors Affecting Property Valuation

Timing

House prices move in cycles, the credit market market being the most important factor that drives the property cycle, if banks are not lending money, values will be depressed, and so will I..

Location

Look for areas where there is rapid economic development and regeneration, local governments often offer incentives to developers and investors will generally flood in. This will create demand induced price inflation.

Convenience

Transports links, shopping and parks are all important to the value of any property. Schools and child care availability are a big one.

Style and age of Property

Period versus new build, large houses versus apartments or flats. Typically demand for certain lifestyles will play into the style that people aspire to own and thus value.

Demographics and Macro Economic Trends

Social trends in population size and average ages of people will effect value.

Finding Your Buyers

First Time Buyers

How To Add Value

Take Warning

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