Every property owner’s dream is to maximise the value of their property.
One often-overlooked strategy to achieve this is by reevaluating and strategically changing your property’s layout. In fact, making thoughtful layout changes can increase your property’s value. In previous projects, we have seen an increase of 19% to 25% in value.
Here are some tips on how to significantly boost property value through layout changes:
Enhancing Livability and Functionality
One of the primary reasons for changing your property’s layout is to enhance the quality of life for those living there. Most properties have untapped potential when it comes to space utilisation. By carefully reviewing how each area is used and who uses it, you can identify opportunities to improve functionality and appeal.
Maximising Natural Light and Views
Natural light and stunning views can significantly enhance the appeal of any property.
When reconsidering your layout, closely examine windows and their placement. Consider whether there are scenic views that could be enjoyed from key living spaces, such as the lounge or master bedroom. Relocating rooms to capture views and moving windows strategically can transform the atmosphere of a room.
Addressing Wish List Items
Think about your end users wish list for your property. Perhaps it’s a decent storage space or an ensuite bathroom?
Sometimes, reconfiguring your layout can allow you to incorporate these desired features. You can gain additional rooms, like a home office or a guest bedroom.
Start with a Blank Canvas
To start reimagining your property’s layout, use a 2D floor plan as your blank canvas. Ignore the existing internal walls and room designations.
This approach allows you to think creatively and without constraints.
Walk Through Your Vision
Imagine yourself entering your property through the front door. As you walk through each room, consider its size and shape.
Is it too big, too small, or oddly proportioned?
How could you improve the flow and functionality of the space?
Optimise Room Relationships
Evaluate how rooms relate to one another. For example, having a dining room adjacent to the kitchen can enhance convenience. Also, explore the possibility of open-plan living to create a seamless flow between spaces.
Efficient Utility Placement
Efficiency extends beyond aesthetics. When reconfiguring your layout, try to cluster rooms with similar utility needs.
For instance, placing the kitchen and bathrooms together can simplify plumbing and electrical work. It can also reduce costs and make maintenance more straightforward.
In conclusion, please don’t underestimate the power of thoughtful layout changes when boosting your property’s value. With creativity and planning, you can transform your property into a more functional, appealing, and valuable space.
Whether you’re looking to improve the living situation of your tenants or prepare your property for sale, the potential return on investment for strategic layout changes is substantial.
Please contact us today if you need help with your property layout needs.
With over 30 years experience working across properties of all ages and sizes, appealing to all demographics of end users, whether for rent, sale, HMO or serviced accommodation. To contact us email for more information.