Tips to do to increase my Property value

jimbog

maydin said:

_Penny_Dreadful said:

maydin said:

I am planning to do some small renovations to increase the value of the property:
I am planning to do the following:
1) I am planning to install a new oak engineered flooring as I have realized that there is a big difference in terms of pricing, with some lower end range cost approx. around 30 GBP per square meter and higher end around 60 GBP+. I have a house of approx. 75 sqm sqm excluding bathroom.
My first question:
Can I do a tongue and groove flooring job DIY or I have to seek for a professional fitter? If I seek for a professional fitter, how much is he going to charge me, provided that the flooring is already oiled?
Do you think that this investment would be worth it and do you think that this will have a positive impact on the valuation of the property? Can you Please advice?
What are the advantages of putting solid oak engineered flooring?

It's going to make SFA difference to the value of your property.  To increase the value over and above regular HPI you need to increase the size e.g. add an extension or make the unmortgageable mortgageable. 

But how much will the SFA change, i.e. will the change in terms of the SFA be higher than the cost of material + labor?

Will i be able to DIY this project? If not how much are the fitting costs?

My understanding of ‘SFA’ is different from yours

maisie_cat

jimbog said:

maydin said:

_Penny_Dreadful said:

It's going to make SFA difference to the value of your property.  To increase the value over and above regular HPI you need to increase the size e.g. add an extension or make the unmortgageable mortgageable. 

But how much will the SFA change, i.e. will the change in terms of the SFA be higher than the cost of material + labor?

Will i be able to DIY this project? If not how much are the fitting costs?

My understanding of ‘SFA’ is different from yours

I thought the same, google gives several but none I can attribute to property renovation

TheJP

SFA = Sweet Financial Allocation

I would go with the most expensive flooring to maximise your SFA return... This time next year Rodney we'll be millionaires!

UnderOffer

• If you fit the flooring and it looks poorly done - any potential buyer could offer lower due to replacement flooring required
• If you pay for it to be professionally fitted - any potential buyer could offer lower due to replacement flooring required as it’s not to their taste

Improve your home for marketing and listing but prepare that anything you spend may not be recovered if offers are made. Spend sensibly.  

YoungBlueEyes

I’ll be the nice person. @maydin “SFA difference” means Sweet F**k All difference, as in no difference at all. 

People buy houses because they’re in the right area or in the catchment to a good school or the right number of bedrooms or have off street parking. An oak floor would undoubtedly be lovely to a lot of people, but that isn’t the kind of thing people decide to buy a house for. 

Stick with what you have, and give it a really good clean. It’ll be fine 🙂

sheramber

maydin said:

_Penny_Dreadful said:

maydin said:

I am planning to do some small renovations to increase the value of the property:
I am planning to do the following:
1) I am planning to install a new oak engineered flooring as I have realized that there is a big difference in terms of pricing, with some lower end range cost approx. around 30 GBP per square meter and higher end around 60 GBP+. I have a house of approx. 75 sqm sqm excluding bathroom.
My first question:
Can I do a tongue and groove flooring job DIY or I have to seek for a professional fitter? If I seek for a professional fitter, how much is he going to charge me, provided that the flooring is already oiled?
Do you think that this investment would be worth it and do you think that this will have a positive impact on the valuation of the property? Can you Please advice?
What are the advantages of putting solid oak engineered flooring?

It's going to make SFA difference to the value of your property.  To increase the value over and above regular HPI you need to increase the size e.g. add an extension or make the unmortgageable mortgageable. 

But how much will the SFA change, i.e. will the change in terms of the SFA be higher than the cost of material + labor?

Will i be able to DIY this project? If not how much are the fitting costs?

You do not appear to know what SFA stands for   ( Sweet Fanny Adams   - which means none)

trailingspouse

Having had solid wood flooring for 8 years, it would actively put me off. It's cold compared to carpet, less forgiving than carpet if you drop something breakable, shrinks even if you follow all the instructions before laying it, shows the dust more than carpet and I could go on.

The best thing to do to maximise your house's saleability is to fix the stuff that needs fixing, and keep it clean and tidy.

lincroft1710

sheramber said:

maydin said:

_Penny_Dreadful said:

maydin said:

I am planning to do some small renovations to increase the value of the property:
I am planning to do the following:
1) I am planning to install a new oak engineered flooring as I have realized that there is a big difference in terms of pricing, with some lower end range cost approx. around 30 GBP per square meter and higher end around 60 GBP+. I have a house of approx. 75 sqm sqm excluding bathroom.
My first question:
Can I do a tongue and groove flooring job DIY or I have to seek for a professional fitter? If I seek for a professional fitter, how much is he going to charge me, provided that the flooring is already oiled?
Do you think that this investment would be worth it and do you think that this will have a positive impact on the valuation of the property? Can you Please advice?
What are the advantages of putting solid oak engineered flooring?

It's going to make SFA difference to the value of your property.  To increase the value over and above regular HPI you need to increase the size e.g. add an extension or make the unmortgageable mortgageable. 

But how much will the SFA change, i.e. will the change in terms of the SFA be higher than the cost of material + labor?

Will i be able to DIY this project? If not how much are the fitting costs?

You do not appear to know what SFA stands for   ( Sweet Fanny Adams   - which means none)

I think you will find that "Sweet Fanny Adams" is a euphemism for the definition by @YoungBlueEyes.

Robin9

If you were looking at marketability then I would go for the kerb appeal   -   well maintained garden and access, outside decoration , roof in good condition -  inside, general decoration, nothing broken... Cost SFA !

MultiFuelBurner

It could make a difference if what you are replacing is a reason to put buyers off but adding value not sure it might just get more people in the door for a viewing and attract more offers (might). If you were updating something not touched in decades etc.

On this board a lot of people seem to be of the opinion that what potential purchases see with their eyes does not affect values. Unless we are so detracted from our American cousins where the practice of house staging can lead to higher than expected prices for sellers then there probably is something in this practice. What the eyes see the mind wants etc.

Having read the thread the TLA (three letter acronym) used was crass and unfriendly.