Capitalise on London House Price Increases With Some Home Improvements

LONDON - June 17, 2014 - PRLog -- It seems the credit crunch of 2008 is well and truly behind us. Every day we hear news flashes on how the property market is booming and the average house price is rising at a very fast rate, particularly in South East England and London where the average house price is more than £450,000 according to the latest figures from the Office of National Statistics.

This rather large average price compares to the UK average of £271,000 and represents a near 19% increase on last years prices.

With such a rapid price increase it could be a great time to sell if you were thinking of leaving the capital. In order to capitalise on the house price increase in London, it may be a good idea to think about making some improvements to get the top price for your home. This will also make it attractive to busy Londoners who don’t want to do any improvements themselves and are therefore prepared to pay a premium.

Mike Harmer, Director of London high end building firm said:

“You can add serious extra value to your home by making some improvements. Whether they are minor cosmetic changes or larger schemes such as a loft conversion, making that change in a rapidly rising market can see the house price soar. It is definitely worth discussing it with some builders or architects before you put your house on the Market.”

Space is at a premium in London which gives rise to a variety of ingenious ways to increase the size of the home, from basement conversions, loft conversions and garden rooms. This can also give a smaller home more appeal and therefore result in higher asking prices.

The prices have risen partly due to the lack of enough housing in London being built and overseas investors paying a premium to have a property in our capital. So why not make the most of this trend and maximise what you can get for your property.

Find out more about Mills Build based in Richmond, London - http://millsbuild.co.uk/