Prevent your home from losing value

In the current financial climate, property doesn’t seem to be such a certain investment as it used to be and a recent prediction suggests house prices may drop by a massive 11% over the next 5 years.

Such a large drop in the value of their home would mean some homeowners are in danger of facing negative equity. With many homeowners unable to move up the property ladder, and less mortgages available for first time buyers, there is less competition for your property and buyers feel a little freer to pick and choose. However, people will continue to need to move and there are steps you can take to make your home more attractive to buyers.

Renovations can help make your house stand out in the crowd; otherwise they can be an attractive alternative to moving.

While older homes can be a very attractive proposition as they have a character of their own that you don’t find in new builds, no one wants to move into a tired property that suggests a large amount of work might be needed to bring it up to scratch. After basic repairs, choose from a few star upgrades to help your home keep its value.

Replacing your kitchen or bathroom can really improve value, as can the installation of underfloor heating. This is because it helps keep energy costs down, meaning it can be affordable to install underfloor heating. This can mean added value in these cash-strapped times whilst also giving your home a luxury edge over the competition.

Ask your installer which system is right for your floor.