New research by Rightmove has found that over 90% of home hunters would consider buying a property that needed renovating.
To help those ready to start their next project, we asked two property experts with decades of experience in the housing industry to share their guidebooks for creating the perfect renovation home, and we’ve found some renovation properties all around the UK.
Martin Tucker has run his own architectural consultancy firm for 25 years and has been working in the industry since he was 16-years-old. He explains how to be pragmatic throughout the process and common pitfalls to avoid.
Rightmove’s property expert Miles Shipside, a qualified Chartered Surveyor and Rightmove’s Commercial Director, reveals how to do your research.
1 Sensible budgeting:
“For an extension or renovation, on average, you’re looking at £1850 per square metre. Then with upgrades, decorating and modifications, it’s £1,000 per square metre.
“But kitchens can cost anywhere between £10,000 and £100,000 so costs are largely dependent on the specification of the job in hand. Basements are becoming a trend, but they’re expensive. They’re about £3,000 per metre squared.
2 Thorough research:
3 Understanding planning:
“Basically, an imaginary line is drawn at 45 degrees from the mid-point of your neighbour’s nearest windows across the boundary and no part of your proposed extension should cross this line. However, this rule, dependent on the site, can be flexible and is not applied in all cases. Being aware of existing planning is, again, vitally important. Can it be renewed? Has it been extended before? Has it already been extended to its maximum? Is it in the greenbelt? Is it in a conservation area?”
4 Know what can be done:
5 Modifying the interior:
6 Don’t cut corners on the building work:
7 Making the most of the process:
8 Thinking about the end result:
“Once inside, they want to see plenty of natural light and a well-considered internal layout with plenty of storage to put clutter out of sight. A renovation that delivers sparkling clean kitchens and bathrooms with a hint of luxury will be a winner.
“And do not forget the outside, as gardens that are suitable for entertaining family and friends sell a relaxing lifestyle that many aspire to. Patios, suntraps, privacy and BBQ areas all tick the boxes to complete that successful renovation.”
Survey carried out on Rightmove.co.uk in February 2019, with 7014 respondents.
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