Homeowners urgently warned over simple mistake which can reduce property value by £46,000

A common DIY mistake can reduce your home’s value by £46,000, according to property experts.

Property owners have been warned that a common mistake can drastically see the cost of their home plummet.

And that is bad news for property owners looking to sell up and move to a new home.

ScS, the sofa retail chain, has partnered up with estate agents up and down the country to find out which DIY projects reduce your market value the most.

According to analysis, converting a bedroom can take £46,000 off (up to 20 per cent of the property value), with Alex Willocks, owner of Burbeck Interiors, warning: “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.

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

Adding certain plants to your garden can see £35,000 taken off (up to 15 per cent of the property value), according to experts.

And building an extension without the correct planning permission can take £35,000 off (up to 15 per cent of the property value).

Converting a garage can take £16,000 off (up to 7 per cent of the property value), while installing lavish garden features, like swimming pools, can see as much as £16,000 taken off (up to 7 per cent of the property value).

Paul Keighley, Residential Partner at Bramleys Estate Agents, says: “Converting a garage feels like it should add value as you are increasing the size and use of your property, but in reality you are removing parking and storage space, which we have found is always high on a buyer’s checklist.”

And Holly Herbert, head of content at   webuyanyhouse.co.uk, agrees, and says: “You will likely narrow down your potential viewers with features like a pool or a hot tub, as most people are unlikely to use them often and they can require a lot of maintenance work.

“They can really put buyers off and lead to a 7 per cent drop in house value.”

Source: Birminghammail.co.uk

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