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True cost of Phil and Kirsty’s ‘love it’ TV property advice: £54,000

Research by interiors firm reveals how much it costs home owners to do up their properties rather than than sell it and move to a better home.

Sheila Manchester

Phil and Kirsty are so enshrined in TV property mania they don’t even need surnames, but do estate agents make enough use of the dynamic duo’s advice? If not, perhaps they should – even if it’s ‘just a refresher’.

With, hopefully, a less anxious, more lively property sales market – 2020 should be a great year – if you have the vision…

So here’s some food for thought, inspired by ‘Love it or list it?’ and kindly supplied by www.insulationexpress.co.uk. After watching series 1-4 of the TV show, they uncovered that the average Love It or List It home renovation costs £54,111.

And the programme has also proved that many potential buyers see a home and immediately ‘see’ the potential problems. However, the smart agent has suggestions for a solution to practically anything, but this is a launchpad for your own list of potential issues and solutions.

Problem Solution Notes
A lack of space Add a loft conversion or an extension to the house. Or if you’re on more of a budget, changing the layout of your home i.e. switching the kitchen and the living room. 64% of ‘participants claimed a ‘lack of space’ was their main reason for wanting to move.
Not making use of the dining room Knocking through the wall of the kitchen that connects to the dining room, and transforming it into a large open kitchen and diner space. The dining room was the least used room of the house, so it’s no surprise that 86% of participants chose to create an open plan kitchen.
Using the kitchen for numerous purposes Adding a utility room for washing and ironing, freeing up space in the kitchen. 32% of ‘Love It or List It’ participants added a utility room.
Wanting to renovate but having a smaller budget Consider repainting your home and buying new kitchen doors. One household added £20,000 to the value of their home by making these small changes.
The bathroom being too high maintenance  Updating the current bathroom so that it’s more modern, functional and easier to clean.  64% of properties refurbished their bathroom or added an additional bathroom.

They also delve into the:

  • Top reasons Brits want to move house
  • UK’s most-loved and despised rooms
  • Average cost of renovating your home
  • Number of Brits that choose to renovate rather than move house
  • Most profitable house renovations to consider

Read more about Phil & Kirstie.

January 17, 2020

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