How much does renovation increase property values?
With more and more people renovating properties in the UK, there is growing data on how much value a particular type of renovation can add. We've uncovered some of the most popular refurbishments in the UK and also identified how much value they can add to your property.
A simple renovation, such as a full re-decoration, can increase the value of a property by 3.1%. A heavy refurbishment such as an extension build can add up to 11.2%. On an average priced house in the UK of £256,000, a re-decoration could add £7,936, while an extension could add up to £28,672.
With refurbishment loans quickly unlocking short-term finance, there are options available to allow you to quickly add value to your property.
References
housebeautiful @ bit.ly/3ANfZqu
hiscox @ bit.ly/3aFsZ7e
bridgingandcommercial @ bit.ly/3DKNr2K
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Property Refurbishment Loans
Property Refurbishment Bridging Loans finance both light and heavy property refurbishment projects, including: Loft conversions, Airspace/Rooftop development, Extensions or Basement digs on residential investment properties such as Student Let, HMO refurbishments and renovations. This finance is also suitable for commercial renovation projects such as Hotels, Offices, Pubs, Retail and Warehouses.
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