The best investments homeowners in Scotland can make

04/06/2020 09:25:33

In this article, we look at some of the most lucrative things people have ploughed their money into and how you can add thousands to the value of your property. A fast Thursday 90-second read.

In 1903 John Gray invested $10,500 (approx. $264,000 in today’s money) into a small car company.

Fast forward 16 years and Gray’s family sold their share back to the Ford Motor Company for more than $26.25m (around $1.8 billion today).

The film star Ashton Kutcher invested a cool £364,000 in a start-up taxi service called Uber several years ago. You’ve probably heard of it. His stake is now worth more than ten million pounds.

But you don’t have to be a canny entrepreneur or heart-throb film star to spend your dosh wisely.

Below are five ways homeowners and landlords can add value to their properties.*

• A new bathroom can add up to 3% to a home’s value.
• Converting a garage to a home office or extra room can potentially create a 10-12% uplift.
• A loft conversion can help your property’s price rise by around 10-15%.
• A new kitchen can add 5% to a property’s value.
• A side or rear extension will add more space, and that will create a higher value for your property, potentially up to 15% depending on the size and quality.

*These estimates come from a Zoopla report from 2018 but are still relevant today.

We’ve experience in helping people work out what home improvements will also boost a property’s value.

So, whether you’re thinking of improving then selling, refurbishing then renting out or simply curious about what your home’s value on the Scottish property market is right now, give us a call.

We’re here to help.

What’s the best investment you’ve made when it comes to your property?

We’d love to hear from you.

Thanks for reading.