Sunday, Dec 13, 2009
How to make your home even more unaffordable
MSN Money: How to add £70,000 to the value of your home
Despite the recent bounce, house prices are still down more than £25,000 from their peak in October 2007. But with a bit of hard work, you can make most of that back. These eight improvements will add £69,265 to your home's value according to a survey by Halifax, £20,000 of which is profit.
Posted by novice pete @ 04:45 PM (1596 views) Add Comment
15 Comments
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1. paul said...
Oh, hang on! I know this one ... a hallway mirror and a lick magnolia paint, rright ... ?
2. montesquieu said...
they haven't gone away you know ...
3. rumble said...
Cushions, Paul! Don't forget the cushions!
4. novice pete said...
lol
5. tyrellcorporation said...
What about some of that weirdly lurid boutique hotel wallpaper? Just on one wall mind you so it makes a style statement. Oh, and when a hapless buyer comes round and is seduced by your 'makeover' you can whitter on ad-nauseam about 'what a wondeful space' you've created by painting a room white.
Bluddy hell, I almost forgot, put a pile of logs end-on into your disused fireplace. It's a way of feeling at one with nature whilst maintaining your contemporary urban chic-ness. Marie Antoinette would be proud.
6. paul said...
7. markj69 str05 said...
Perhaps someone's invented a candle giving off the odour of 'Freshly backed bread'. It's going to be a great little money earner.
8. markj69 str05 said...
baked - oops.
9. novice pete said...
Ah! The smell of freshly baked bread, who could forget that little number. Maybe adds £1000 or more. Yes more, How's bout £3000
Here is an oldie for you guyzzzzz! (sorry got ztuart lawzzzz thang going there!)
bit jumpy but still great.
http://www.youtube.com/watch?v=oo18D-qHAYE
10. yorkshireman said...
Sounds like a great way to make some easy money to me. Anyone care to give me a loan ?
I'll go 50/50 on the profits, which are of course yet to materialise.
11. markj69 str05 said...
@10...
I'm sure you'll get a bank loan no problem. Let's face it it'll be no risk lending. You default, and the bank will no doubt claim against some gov't guaranteed QE scheme. They probably won't even kick you out.
12. Mick Rupert said...
Can't believe nobody has uttered my personal favourite before viewings: DECLUTTER !!
Er, also known as tidy up and get rid of your ridiculous junk. Tee-hee.
13. a saver said...
I've told my bro he'd be far better paying down his mortgage, as he has less than 20% equity, but would he listen? It's still four holidays a year and lots of extravagant home improvements to 'invest in their home'.
14. ontheotherhand said...
"Does Home Improvement work? It's a simple fact, consistently confirmed across the UK over a very long period of time, that even the most appropriate major improvements are unlikely to return their full cost if a house is sold within two or three years." http://www.whatprice.co.uk/household/home-improvements.html OR see how specific jobs return less than cost http://www.zillow.com/howto/ValueOfHomeImprovements.htm
15. Neil B said...
So after you spend 20k that you cant afford on your house, who can get a mortgage to buy it anyway?