Property news: The DIY jobs that could knock tens of thousands off your house value

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A well-thought out conversion or makeover can make all the difference to your home, whether you’re doing it for your own benefit or hoping to attract buyers. But could your next home DIY project actually cost you more money than you’d think? Experts have revealed that some common revamps could take thousands of pounds off the value of your home. 

The property market has made an impressive recovery in recent months following the initial coronavirus lockdown. 

Fears over house prices as well as the incentive of a new stamp duty holiday means there has been a surge in demand as Britons look to move. 

The lockdown has also made many reconsider their living situation, with the pandemic causing a change in priorities. 

But if you’re thinking of making changes to your home to make more space or appeal to buyers looking to move, you may want to think twice before you do anything too drastic.  

READ MORE: House prices: The floorplan scandal that’s costing buyers billions 

New research from sofa and carpet specialist ScS has revealed that some common DIY projects can slash your house’s value by up to £70,000. 

Here’s how your property plans could end up costing you more money in the long run – and put off potential buyers. 

Going open plan

While open plan designs are very on trend and can give the illusion of more space, experts have warned that it needs careful planning. 

Holly Herbert, Head of Content at Webuyanyhouse.co.uk, commented: “If you’re considering an open-plan layout, you need to make sure you do the proper research and have several professionals assess the plans and the property before you take any action. 

“You could cause irreparable structural damage and leave your house unlivable.”

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According to Alex Willocks, owner of Burbeck Interiors, this kind of damage could take up to 30 percent off your house value. 

With the average UK home costing £232,000, this means that it could cost you nearly £70,000 if you get it wrong.

Converting a bedroom 

While you may have big ideas for your spare bedroom, turning it into something else could lower your chances of achieving the sale price you want when you eventually move. 

“The value of a home comes from the number of rooms, so merging two small bedrooms, or swapping a bedroom for a bathroom, can actually decrease its worth,” warned Alex. 

“Bedrooms are valuable commodities and private space is a lot more desirable than open space.”

Holly revealed that the error could knock up to 20 percent off a property’s value – an average loss of £46,000.

Planting trees in your garden

Gardens have become even more valuable than before thanks to the coronavirus pandemic, with Britons realising the importance of having some outdoor space. 

However, while you may have been green-fingered over the last few months and planting new additions to your garden, it’s worth considering a buyer’s perspective if you’re planning to sell up in the future. 

Paul Keighley, Residential Partner at Bramleys Estate Agents, explained: “Always take advice about tree planting. 

“While certain species have a small root base, others can stretch further than the height of the tree. 

“These roots can crack drains, break driveways and ultimately affect the foundations of the house and become a costly fix.”

Holly noted that the Japanese Knotweed is the worst offender, warning that it can be “catastrophic to homeowners” and could reduce a house’s value by up to 15 percent depending on the damage.

Dale Gillespie, Head of Acquisition at ScS, added: “Many Brits love doing DIY, but it’s so important to consider how projects could affect your property’s value. 

“While some will definitely make your home more attractive to buyers, others can have the reverse effect, so make sure you do your homework before you start. 

“Remember that people like to put their own stamp on their homes, so a new owner may just change what you have done anyway.”

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