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
Light and heavy property refurbishment bridging loans are typically used for completing work on residential investment properties such as: Loft conversions, Basement & Rooftop developments or Extensions. It can also be used for: Student Let, HMO, Hotel, Pub & Office refurbs. We can source up to 100% build costs.
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