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THINK TWICE BEFORE DITCHING THE BATHTUB
Experts warn that home buyers can be put off properties that have no bath. A recent study by Flooring Superstore analysed Rightmove listings and collaborated with property experts to find out which home improvements could add the most value to a property.
Their research found that extensions, loft conversions, new kitchens or bathrooms, real wood flooring, and having a designated home-working space are some of the features that add the most value to a property.
The research suggested real wood floors and underfloor heating were most likely to have a positive impact on property prices in London, Manchester, Liverpool, Birmingham, and Leeds.
However, during the research, the property experts also found which features could potentially “put off” a buyer.
Having a bath in the main bathroom of a property could add two percent to the value of a home.
But not having a bath could potentially sway a sale depending on the buyers’ personal preferences.
Kev Tilley from online mortgage advice website Mortgageable.co.uk claimed that not having a bath could be a potential “put off” for buyers.
He explained: “In recent years there’s been a trend for wet rooms and shower-only bathrooms and as a result many homeowners have opted to remove their baths completely.”
“While you may like this new look, many prospective buyers may be put off your property as a result.”
A new bathroom adds significant value to a property with an estimated percentage increase of 10 percent.
The experts suggested that homeowners should invest in improvements that add to the square footage of a property.
An extension or loft conversion, for example, can add an estimated 17.5 percent to the value of a home, and was named the most likely improvement that significantly adds value.
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