Saturday, July 24, 2010

Top 20 ways of adding value to your home - Phil Spencer

It's easy to knock him but I have a lot to thank Phil Spencer for.

Before he and Kirstie Allsopp became TV stars nobody (other than the super rich) knew that buying agents existed.  Now pretty much everyone knows what we do and people understand that you don't need to have millions for us to be able to save you worry, time and money.

The Daily Telegraph has just run this story where Phil gives his top 20 ways of adding value to your home and it's a pretty sensible list too.

I won't repeat the article here - click the link and read it for yourself, just don't forget to come back - but I would like to highlight one of his "things to avoid":

Outgrowing your street

If houses in your street cost £250,000, don’t build an enormous extension and ask £400,000. People looking for a £400,000 house won’t want to live in a £250,000 street.

The same principle applies in rural France. 

Don't go over the top and spend a fortune doing up a house to the highest specification unless it's for your own long term're unlikely to see a return on your investment when you come to sell.

I have seen a lot of people getting their fingers burnt by putting in top of the range pools and creating executive class gites.....maybe you'd see a return on the Cote D'Azur but in deepest Charente it's best to keep things simple.

1 comment:

Chris said...

Number 1 on the list, building a loft conversion. I started this maybe 3 years ago and have still to complete it, I would recommend that if you are going to do it take time off work to do it or pay someone else.