Not All High-End Luxuries Increase The Saleability Of A Property, According to Ratedpeople.com

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Over-elaborate additions may deter potential buyers

One person's luxury always has the potential to be another's annoyance. Indeed, some people think luxuries such as a swimming pools or even wine cellars can increase a property's saleability, but to others these additions may be perceived as impractical or a waste of space. In the end they have the potential to deter as many prospective buyers as they attract.

Although the large majority of home improvements have the potential to add to the saleability of a property, homeowners should be aware that in some cases investment may even have an adverse effect according to Ratedpeople.com, the UK's largest match making service for home improvers and recommended tradesmen.

Home improvements take many shapes and forms and in the case of adding an extra room, bathroom or fitting a new kitchen, the work can add considerable value to a property and subsequently increase its saleability. However, there are certain additions, initially added as a luxury, which could be considered as a poor investment.

At the extravagant end of the home improvement spectrum, swimming pools are often perceived as a luxury too far and unless the potential buyer is a keen swimmer and doesn't mind the time and cost of maintaining a pool, it can in fact deter buyers and potentially delay the sale.

Ottokar Rosenberger, Sales and Marketing Director of Ratedpeople.com, commented: "One person's luxury always has the potential to be another's annoyance. Indeed, some people think luxuries such as a swimming pools or even wine cellars can increase a property's saleability, but to others these additions may be perceived as impractical or a waste of space. In the end they have the potential to deter as many prospective buyers as they attract."

Slightly less extravagant but also having the potential to be seen as too much of a luxury are features such as saunas and steam rooms. They might make a property stand out, but if a buyer doesn't share those tastes, it can be a negative strike against the property and could hinder a future sale.

If a homeowner is set to stay in a property for years to come, then adding high-end luxuries is simply a matter of taste. However, should the property be a shorter term project then these luxuries don't necessarily increase its saleability - or the value.

Whether seeking anything from garden designers though to a registered electrician and recommended carpenters, Ratedpeople.com can find interested tradesmen from 25 different trades for homeowners who are looking to improve their properties.

Every month, Ratedpeople.com manages over £30m in home improvement projects with more than 1,000 tradesmen signing up, making it the UK's largest match making service for home improvers and recommended tradesmen. The site has more than 55,000 ratings to date and its system ensures that tradesmen are only rated by the customers who find them through the site. The result is one of the fairest and most robust rating systems on the net.

For further information on how to source a recommended tradesman in your area, visit Ratedpeople.com.

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Pete Goold
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