Hello World! Welcome Friends! If you’re looking to invest in some home improvements this winter, then follow these tips to ensure that all goes smoothly and without disappointment.
The property market is booming in Manchester, as latest figures reveal that the northern city is now considered to be the third most valuable in the country behind London and Birmingham. According to Hometrack, houses in Manchester are worth a combined £133 billion, but there has been a marked increase in property sale prices in this region over the past twelve months. Values have risen by 6.92% in Manchester compared with a year ago, and the average house price is now worth £162,000. The rest of the UK rose by a lower average of 5.14% proving that Manchester has truly been a place of property competition in 2017.
Renovations are widespread as owners are investing in their homes either to avoid the associated costs of moving, or are doing their places up in order to attract a higher sales price.
If you’re looking to renovate your house in Manchester this winter, then check out these tips to ensure that the process goes as smoothly as possible.
Work To A Budget
We’ve all seen the home make-over shows where the homeowners run out of money halfway through their project, spelling utter disaster. To avoid this happening, it’s essential that you work out your budget in advance, adding extra in for any emergencies that might arise, and stick to it. Obtain detailed quotes that account for every eventuality and be sure to get a firm timeline drawn up. Find out in advance what will happen if the project runs over – will you be expected to fork out extra money for each day’s labor, or is it covered in the upfront cost? Never accept a verbal promise, but instead ensure that you have a fully written quote so that you have firm proof of what has been agreed. A reliable tradesman will have absolutely no problem in providing you with this.
One of the most important considerations when beginning your home renovation project is deciding which teams of professionals to work with. For instance, if you’re looking for plumbers in Manchester, then ask friends, family and fellow professionals for recommendations of tradesmen that they’ve previously worked with. Request to see photos of past projects and feedback or testimonials from previous happy customers.
Which Renovations Will Add Most Value?
If you’re hoping to sell your home at any point in the future, then it’s important to carry out renovations that will add value to your home rather than decreasing its sales potential. At the very least, you’ll want to make sure that you break even on the money that you’re investing into the upgrade.
Recent research conducted by Nationwide suggests that an attic conversion which includes a double bedroom and ensuite bathroom might cost between £35-45k but add an estimated 21% to the value of your home. However, if it’s additional ground floor space that you’re looking for, then a conservatory extension costs roughly £30,000 and adds between 5-12% to your property price.
A cosmetic upgrade of your existing kitchen or bathrooms can also add around 4 or 5%, so long as the amount of money spent is sensible in comparison to the overall cost of your house. If you choose an expensive bespoke kitchen in a small terraced house, then you might unfortunately lose money overall.
The most sensible way to begin renovations in your Manchester home is with a ton of ground work. Spend some time meeting with contractors and conducting your own research about what you’d like to do with your home and how it will benefit you in the long run.
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