When selling a property, homeowners hope to sell their home quickly and for the best possible price.
One way that homeowners can ensure that their property has a high chance of selling is by making use of spare rooms.
By transforming a room into a gym, playroom, extra bedroom or office, homeowners can maximise the value of their property and make prospective buyers more interested in purchasing.
Here, with the above in mind, we outline exactly how homeowners can effectively make use of spare rooms for a better selling outcome.
Utilised spare rooms reap benefits
Since the start of Covid-19, additional space within a home has become a top priority for many homeowners and home movers.
In a recent survey conducted by ConservatoryLand, it was discovered that home movers are willing to spend more money to increase their space.
Around half of the participants who took part in the survey explained that they would move to a larger home if they had the chance. On average, they would be open to spending £10,000 to make their property bigger.
Taking these findings into consideration, it is likely that most people who are on the search for a new property value space within a home.
Creating an at-home office, playroom, or gym is a great way to not only maximise space within a home but also increase your chances of selling.
At-home offices add value
Since the pandemic began in 2020, people’s living situations have drastically changed. Despite mandates to work from home if you can recently being dropped by the government and more people ordered to go back to the office as Omicron figures drop, working from home remains a way of life for many.
According to the Office for National Statistics, the number of people working from home between 2008 and 2018 increased by around 75%. Since these figures were recorded before Covid-19 even existed, this shows that regardless of changing government orders regarding working from home, the trend has been on the up for a number of years, even pre-pandemic.
With the popularity of at-home offices far from declining, transforming a spare room into an office could add significant value and appeal to a seller’s property.
Furniture experts VonHaus suggest that a fitted office is enough to increase the value of a property by between £1,000-£5,000.
Convert your loft into a spare room
Many homeowners often neglect their lofts as they tend to use this as storage space. Instead, this could be converted to a spare bedroom that serves multiple purposes.
In a study conducted by Abbey Lofts, it was revealed that a converted loft can increase the value of a home by up to 24.5%.
Homeowners looking to convert their loft don’t typically need planning permission (it’s considered to be permitted development), but they must ensure that the loft meets size requirements.
Whether a home office space, playroom, gym, games room, or spare bedroom, always remember to set a budget and a clear plan for any work that you would like done.
Spare rooms should never be neglected or ignored, as they can help to improve the value of your home and give it an extra USP over your competition.
Here at Expose Property, we can help you to sell your property, using our experience of selling homes in Beckenham, Penge, Crystal Palace, and other places in South East London.