Home improvement is becoming increasingly popular in London because of the limited housing stock and the high prices of properties. Many home owners are opting to stay in their existing property and make improvements to it rather than moving. This noticeable trend has seen a large number of extensions, regenerations and modernisation projects taking place in residential properties across the city.

Alongside this boom in home improvements, the high property prices and limited stock have sent investors looking for run down and dilapidated homes that they can invest in improving before returning to the market for a nice return. These opportunities are highly sought after, especially when the properties are located in popular areas.

In 2015 Kensington and Chelsea had the highest number of planning applications for home improvements in the UK based on the number of homes. The borough had 7.3 applications for every 100 homes in the area. To put this into perspective, in Blackpool there were just 0.4.

The statistics show that property owners in Kensington and Chelsea are likely to hold onto homes and seek to improve them. The results are even more interesting when we consider the fact that the investments in home improvements can account for huge sums, especially if the plan involves extending the property, excavating a basement or completely remodelling the interior.

There are many different improvements you can make to a home that will boost its value. One area that is definitely worth looking at is energy efficient lighting and appliances. Buyers and tenants alike are looking for homes that are cost effective when it comes to energy bills. These investments can provide long term value.

At Finefair we are committed to helping investors make the most of their assets. We can offer advice about marketing, sales, letting, improving, managing and maintaining properties across the capital, providing full property and block management in Southwark and beyond. We enjoy working closely with our clients and strive to provide the highest level of service at all times, however large or small your investment may be. If you have any questions please contact us and we will assist you however we can.