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Phil Spencer:  Add Value To Your Home

Phil Spencer: Add Value To Your Home


Posted in Wood Flooring News by Source on May 6th 2011

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The Location, Location, Location presenter and house finder believes in changes that add enjoyment to our homes. In his new book, Adding Value to Your Home, he emphasises the importance of “enhancing your property so it is a place to take pleasure from; it is not about simply turning a fast buck along with some profit on top”. “There is no point improving your home just before you sell. You might as well do the work straightaway if you can and get the benefit out of it yourself,” he says. Above all, be canny about how you add value for the long term.

Good long-life ideas include adding an extension, converting the loft or basement, or knocking down a wall to gain more light and space. “The way I look at it, it is cheaper to build space than it is to buy it,” Phil says. “Square footage equals money.” An extension can add what Phil calls “no-nonsense” space: a proper kitchen, extra bedroom, utility room, home office, garage or a bedroom if your family is bursting at the seams. But Phil also applauds “an extension that simply brings delight to your life”, a bonus room. “We work terribly hard and should remember that our homes are sanctuaries from the outside world.” 

Building yourself a new mini-gym, garden, steam or hobby room will give you pleasure and in many cases can add value later on when you sell. Make better use of your existing space, reorganize rooms and, if practical, knock down some internal walls to create flow. 

Flooring The longevity of solid, hard-wearing wooden floors appeals to Phil, who thinks they can work particularly well for families. If installed in the main living area of a house, it saves worrying about stains from spilt drinks and muddy footprints. “This has to be a lot more relaxing than hovering with a damp cloth and bottle of carpet-stain remover,” Phil says. Wooden flooring is one of those features that appeals to just about everyone when it comes time to sell as well. Before you shell out thousands on expensive oak or black walnut, Phil suggests you take up a bit of the existing carpet and check what is underneath. You might be lucky enough to discover decent wood hidden below nasty carpets and filling in gaps or replacing the odd board won’t cost much.

Solid, hard-wearing wooden floors appeal to Phil who thinks they can be applied to many rooms, particularly family homes. The main living area of the house will benefit from a durable wood floor as Phil explains "This has to be a lot more relaxing than hovering with a damp cloth and bottle of carpet-stain remover.” Also in terms of return for your money Phil reasons that "wooden flooring is one of those features that appeals to just about everyone when it comes time to sell as well."


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