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New flooring helps couple add £25,000 to value of home

During lockdown, Laura Piner and her partner Adam spent £7,000 renovating their home in Preston, Lancashire. Their efforts added £25,000 to the value of their home.

The couple started by painting rooms a neutral magnolia colour. In the garden, they added sandstone flagstones, turf and new garden furniture.

New grey oak laminate flooring was installed in the kitchen, and blinds were bought for the windows. A crushed velvet sofa was purchased for the living room, and a new bed and lighting enhanced the look of the main bedroom. The walls in the bathroom were painted, and a new floor and electric shower were installed. After the project was featured on Instagram, they received gifts of wallpaper and light fittings.

After spending a total of £7,000 on the upgrades, their house, which had previously been valued at £200,000, was, according to a local estate agent, worth £225,000 – an increase of £25,000.

According to the Mirror, Piner said:

“Lockdown was a blessing for us being able to spend the time we never would have usually had to focus on making our house a home.”

Replacing flooring adds value to a home, as well as making it more attractive to buyers. Solid wood flooring in Wirral and Cheshire usually adds the most value to a home – it can increase a property’s worth by as much as 10%. A less expensive option is laminate flooring, which does not increase the home’s value as much as wood, but has the natural look of real wood.

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