It’s often overlooked and neglected, but the much unloved spare room can actually be a key part of your property sales pitch. The majority of households have one but it is regularly seen as a room that is just there, an unnecessary add-on, a room with no proper function. This needn’t be the case. Granted, the spare room is often the smallest room in most properties, but by being creative and clever with space it can be converted into anything you want. Below, using our experience as estate agents working across the South of England, we highlight a few possible options… Extra bedroom The most obvious choice but also the one that makes the most sense, even more so since George Osborne announced in his most recent Budget that the tax-free Rent-a-Room limit has been raised from £4,250 to £7,500. It doesn’t take much time, effort or money to turn the spare room into a bedroom – a quick lick of paint, a bed, a chest of drawers, a desk and office chair, etc. These can be sourced second hand, through up-cycling or by asking friends and families if they have any of these items that they don’t need anymore. When the buyer views your home, be sure to mention to them that letting out the spare room as a bedroom could bring them in a useful second income. Home office Probably the most popular use for many spare rooms, transforming it into an office space is a cost-effective and shrewd idea. Office chairs and desks can be purchased for reasonable prices if you shop around a bit, while a shelf for books and files won’t take too much time or money to put up. If you are selling to buyers who are planning to work from home – an increasingly popular choice in this day and age – then a home office will have significant appeal. As well as that, it’s a place for kids to do their homework and students to complete their studies. Creating a relaxed and comfortable working environment won’t cost the earth and it will definitely add to the strength of your sales pitch. Home gym Fitness is big business these days and home gyms are becoming more and more popular. Young professionals, more than any other demographic, are eager to keep trim and might find the prospect of a home gymnasium the most appealing. That’s not to say that you have to fit your spare room out with expensive, state-of-the-art equipment –a bit of research and clever spending can help you to give the room identity without crushing your bank balance. An exercise mat and dumbbells are cheap and easy to get hold of, while second hand exercise bikes and other pieces of gym equipment can be sourced for reasonable price. You don’t even necessarily have to have these things in place; you just have to show would-be buyers how your spare room could quite easily be turned into a home gym. Help them to visualise by giving the room a stripped-back, minimalist vibe. There are other ways to utilise your spare room – a kids playroom, for example – but the key thing is to utilise it. Don’t ignore it, don’t be ashamed of it, don’t hide it away. It might not be your property’s main selling point, but it’s still a selling point. Making the most of every room in your property won’t do your sales pitch any harm. For more information about selling and letting property in Southampton, Portsmouth and Winchester, contact ChimneyPots on 08448 099931. We also provide an instant online valuation tool to give you an accurate idea of how much your property is worth in the current marketplace. https://chimneypotsestateagent.co.uk/why-your-spare-room-could-increase-the-value-of-your-home/
Discussion Title: Why your spare room could increase the value of your home
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