Archive for the ‘reasons to refurbish’ Category

How to make money on your property

Thursday, January 28th, 2016

With TV property programs becoming more and more popular and the cost of moving high, many homeowners are tempted to improve, not move, and add another bedroom. Loft conversions are often considered the easiest and cheapest way of adding that all-important extra bedroom, a recent survey by Direct Line Home insurance found that 36 per cent of British builders and tradesmen said they are the most problematic home improvements.

This means it is important to choose an experience company who know how to deal with any problems that may occur during the project. This means they will be able to work within their budgets rather than some cheaper companies who will have rising costs due to difficulties or problems with the build.

Loft conversions were followed then changing bathrooms, where 26 per cent of projects go wrong, and fitting a new kitchen, where 19 per cent cause problems. 47 per cent of builders and tradesmen said extensions are currently the most popular home improvement. It has been proven with the recent sore in house prices that loft conversions and extensions can have a massive rise in the value of your property.

While the average cost of an extension is approximately £35,000, the average difference between a two and three-bedroom property in London is around £157,202. In Scotland, where the gap is narrowest, the difference between a two and three-bed home is £45,949. Those considering work should remember that the cost would vary substantially depending on where in the country they are – it could prove much trickier to get a £35,000 extension in London than in Scotland.

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A number of builders said kitchen refits or extensions frequently go wrong, as homeowners often want to have lots of input, without necessarily understanding the feasibility or implications of their demands. It is important to make sure your builder knows exactly what they are doing, maybe check online or ask another builder about your ideas. Only an experienced building company such as Four Corners Properties would be able to incorporate the customer’s ideas while making sure everything is done property with no problems.

Greater access to light is the most popular reason for homes to get a refit, with 15 per cent of builders surveyed reporting this as the latest trend. Popular light-enhancing home improvements include installing large bi-folding doors, exterior brickwork replacement and fitting new skylights.

Extending homes or converting rooms to add light and space can add real value to a property so can be worth the investment. With the constant rising cost of house prices making it expensive to move, home improvements are a popular way to improve your living situation without breaking the bank.

Carrying out any form of home improvements requires proper planning, realistic budgeting and knowledge of any applicable planning permission requirements. Agreeing a quote with builders before any work starts and setting a viable timeframe upfront can also help prevent future problems.

These are all important aspects of any building work and with Four Corners Properties you will get a detailed break down of your quote so you know where your money is going. We will do everything for you from design and planning, getting all necessary permits and permissions before we complete the whole build ourselves with our experienced tradesmen.

Below we have our tips for home Improvements

  • Agree a quote beforehand – set aside a strict budget but allow a contingency in case of overspend to mitigate financial strain
  • Agree on a realistic timeframe upfront and remember to allow for contingencies, ie, weather
  • Make sure you understand what the project involves and be honest about previous work done to the house so builders can be prepared
  • Keep in regular contact with your builders throughout the project
  • Have a contract in place to cover both parties and never hand over payment upfront
  • Use the same builders or tradesmen from start to finish to ensure consistency
  • Make sure the builders are only working on your job and commit to working on it every day
  • Check your builder has the right insurance in place before work begins

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Reasons to Refurbish

Tuesday, May 5th, 2015

How this could affect your home

Whether you have just bought a property or looking to sell, you might find it worthwhile to look at refurbishments. When buying a property, a key thing everyone looks for is that they will be able to feel comfortable and get that homely feel to it. You don’t want to be living in a house where you are unhappy and don’t want to be otherwise, why buy it in the first place?

There are two main types of buyers; ones who buy to what they want and ones who buy to make it what they want. Either way, most people will normally change something in their home over time to really add that feeling of home. We would recommend this as we understand what it’s like to have a place that really feels like yours. The benefits of this are more than making it yours, but it will also add property value when you come to sell while also making it more attractive to new buyers.

If you are selling a home you might think why you should refurbish a home, but most properties that are refurbished and fully furnished sell much quicker. People looking to buy properties usually want a property they can move straight into and has all the essentials. They don’t want to have to do too much work straight away, this is normally done once they have money together later down the line. When selling a house you don’t want it on the market for ages as the agents will often lower the price to try and persuade someone to buy it. You want it to stand out and appeal to the buyers so as soon as they see it they want it. The fact that refurbished homes sell for more is an even greater incentive as you might make more than you thought. When selling a home you need to remember that it is a competition between houses and that buyers want the best house for their money so you want yours to be that house. This is becoming even more so now that there are fewer buyers on the market.

House refurbishments have become as business for many people as they have realised if you buy a cheap house that needs lots of work, you will get it for a good price and by the time you have paid someone to get it looking fashionable again and sell it, you have made huge financial gains. This has become big business, but while we like to help people generate income through these businesses, we also like to help the average person who just wants to improve their current living conditions or update the property. We know not everyone is looking to make lots of money from the property which is where we will give you the property you want, while increasing the resale value of the property if it comes to it.

Whether you are looking to fully refurbish a house or just do a single room Four Corners Properties are happy to help. With helpful, friendly advice and offering competitive prices for any household work that needs doing you will find we can help you. If you have any rooms that you think need to be refurbished don’t hesitate to get in touch.

Our research tells us that many properties have outdated interiors and could do with work to spruce it up. A big question that people often ask us is how much would you have to spend to see a healthy financial return? The answer is that this does depend on a few things. The main things to consider before doing any work are how much is the property worth and what condition is it in? Speaking in generality the more expensive your house is the more you are to gain. For example if you had a £200,000 house and spent 20 per cent of the value you might make 5 or 10 per cent on top, but if you had a property value of £1 million and spent 20 per cent you would expect 10 to 20 per cent on top. These are examples and many things such as the area and the type of work carried out will influence the price. These are all individual to the house so it is always worth seeking advice before any work to make sure you are not just wasting money.

Balancing a property is also something to remember when refurbishing a property. For instance, converting one bedroom of three to an en-suit may cause imbalance, but in a four bedroom house it might enhance it. Bathrooms are seen to be one of the biggest let downs in most properties. This is due to them been overlooked when people want to improve a home and it is estimated that 41 per cent of bathrooms are over 25 years old. This is why even a simple shower upgrade or re-plumbing can make a big difference to a property.

It is always worth remembering that if you are hiring any professional to carry out work that they have got all the relevant qualifications and health and insurance to cover any accidents that may occur. You also need to get an exact price for the job you want doing so there are no added fees later on as this is something no one wants when doing any work on a home. Below we have a table that gives a rough idea of the returns you could expect from any refurbishment work. It is worth remembering these are all averages and might not reflect your home so check with an expert before if you are looking to make financial gains. We are here to help you and answer any questions you may have.

 

London

% increase

Rest of UK

% increase

Loft conversion

10-20

10-15

Side return

10-20

Same in cities such as Oxford/Cambridge

Extension

10-20

15-20

New kitchen

10-20

5-7

New bathroom

8-10

up to 5

Conservatory

10-12

3-10

Complete redecoration

10-12

5

Garden room

15-20

5-15

 

Sourcing the right materials

Friday, May 1st, 2015

If you’re thinking of doing any building work, whether it is yourself or through a contractor, it is important to know what you’re getting yourself into. This does not mean to turn your head and necessarily hire some to do it all for you but instead to advise and guide you to a successful building experience. There are many things you need to consider for example; you need to plan ahead of what you will be doing, what materials you need and how long each stage will take so you know when you need the materials. This article will take you step by step to give you a detailed understanding for your own projects.

The materials

When looking for materials you need to know exactly what materials you need as even something slightly different will make a big difference to the project. Sometime it is also worth knowing that just because it is cheaper that does not mean that it is the same, this also applies to things that are more expensive. It is important you check exactly what it is you are buying and that it is the material you need for the best price available as no one wants to spend more than they have too. Sometimes big suppliers can be difficult and might overcharge for small jobs so it is always worth checking online for smaller business such as KIKBUILD depending on what it is you are buying. If you plan ahead and get all the materials you need in advance it will make the job a lot easier and by buying in bulk you might also save yourself some money. You also need to take into consideration that material requirements quite often change during a building project so you may need to adapt your materials to fit.

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General construction materials and groundwork’s

One thing to consider when sourcing construction materials should be local merchants, especially if the construction method will involve traditional masonry. Both national chains and independent local outlets can offer advice about materials for a project and useful tips for the job. Concrete is used in almost all building projects so it is important you have more than enough and that you have safe conditions to mix (hand mixing area or cement mixer) away from the rest of materials. It is also necessary to make sure you have the right type of concrete suitable for the job that you are using it for.

Primary structure

The primary structure of any building is usually made of timber, walls and roofing. This means sourcing the best materials for your job. When looking at timber it is important that any externals materials are treated to make them last longer. If you are willing to spend the extra money treated timber is recommended. It is also important that you take the consideration of what it is being used for. For example if it is for support of a roof then you need to have a fairly thick piece of timber so to ensure it has more than enough strength. If in any doubt seek advice from a structural engineer, architect, building control, local builder or supplier, but it would be better to go too thick than too thin as the last thing anyone would want is for the structure to not be safe otherwise you will be back to square one.

For bigger items such as bricks, concrete and tiles it would be best to work out exactly how much you need before you order. This way you might get a better price on the materials and then when it comes to the job you have everything you need to get it done. You may also need to contact some suppliers directly. If you have chosen one of the modern or alternative construction methods that emphasise ‘off-site’ construction, most of the structural materials will be coming from a specialist manufacturer.

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Where to look

Once you know exactly what you want we advise looking around to find the right materials and see where you can get the best price. At this point it is important to remember that you want to use the highest quality materials if you want it to last as some of the cheaper options will deteriorate after just a couple of years and you will notice the difference. This is why it is important to check the quality of the materials and even compare to other sources that sell the same materials to make sure you are getting the best materials for your money. You can still get high quality materials for low competitive prices if you know where to look. Big businesses like ourselves will have our own places to seek materials due to the amount we buy but because we are a friendly local business we like to help our customers to get the best for less. We would advise checking with the main big suppliers of materials and see what the best prices they can offer you but if not we can recommend a company we know who use high quality materials for a competitive price for all.

Whether you are a trader or just your average person who fancies a little project KIKBUILD will be able to help. They offer friendly advice, quick delivery and use the highest quality materials. Even if you are looking to save money you might find buying through them will be cheaper than buying cheap poor quality materials. It is always worth checking but this is a website we can recommend that look after their customers and offer very competitive prices. We hope this article has helped you understand what is needed when trying to source materials and what is required when taking on any building work. If you have any questions about anything in this article then get in touch and we would be happy to help.