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Luxurious living room interior design with fireplace and white kitchen

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How to add value to your luxury property

Strategic improvements can significantly elevate the appeal and value of a property. Read our recommendations from James Hilton, a mortgage adviser at Arbuthnot Latham.

Enhancing high-net worth residences: Adding value and luxury to your property

Individuals often seek to enhance the value and luxury of their high-end residences. Whether it is for personal enjoyment or investment purposes, making strategic improvements can significantly elevate the appeal and value of a property.

In this article, James Hilton, Regulated Mortgage Adviser, explores how to add value to your luxury property:

Architectural renovations:

One of the most effective ways to increase the value of any residence is through architectural renovations. This can involve expanding the living space, adding unique architectural features, a guest house or self-contained apartment. Modernising property to your tastes and preferences is essential for a truly luxurious experience.
 

High-end interior design:

Thoughtful interior design can transform a house into a sophisticated and stylish home. Selecting premium materials, such as marble, granite and exotic woods for floors, countertops and fixtures can create a lavish atmosphere. Custom furniture and artwork can further emphasise the property’s exclusivity.
 

Smart home integration:

Incorporating the latest in smart home technology can significantly enhance the functionality and convenience of a high-net-worth residence. Features like automated lighting, security systems, climate control and entertainment systems not only increase the property’s value but improve daily life.
 

Landscaping and outdoor amenities:

The exterior of a residence is just as important as the interior. Landscaping can add substantial value by creating a lush, inviting environment. Consider adding amenities such as a swimming pool, an outdoor kitchen, and a well-maintained garden to elevate the property’s appeal.
 

Sustainable and eco-friendly features:

In today’s world, eco credentials are sought after, catering to an increasing environmentally conscious market. Even luxury properties can benefit– not only by reducing their environmental impact but also cut operating costs. Installing energy efficient appliances, solar panels, and advanced insulation can reduce utility costs while increasing the value of the property.

Security and privacy enhancements:

High-net worth individuals often prioritise security and privacy. Implementing state of the art security systems, surveillance cameras, and secure entry gates can make a residence more appealing whilst maintaining privacy with landscaping, high walls and smart access control can further enhance the property’s value.
 

High-end kitchens and bathrooms:

Kitchens and bathrooms are focal points in any home and a major selling point. Investing in top-of-the-line appliances, custom cabinetry, and quality counter tops can make these areas stand out. Features such as a spa-like bathroom with a jacuzzi, steam shower, and heated floors can add tremendous value to your property.
 

Entertainment and recitation areas:

Creating entertainment and recreation areas can make a residence more desirable. Consider adding a home theatre, wine cellar, or a dedicated games room. These spaces can be customised to suit the owners’ interests making the property a personal oasis.
 

Home gym and wellness facilities:

Health and wellness have become a central focus for many individuals. Incorporating a well-equipped home gym, yoga studio, or even a wellness spa can set the residence apart and increase its value.
 

Unique features:

Lastly, consider adding unique features that set the property apart from others. This could be a private rooftop garden, an underground wine cellar, an elevator in multi-storey homes adds convenience and a touch of extravagance. These distinctive elements can significantly increase the residences allure and value.

Enhancing the value or luxury of your property requires careful planning, a keen eye for detail, and a willingness to invest in premium materials and technologies. Collaboration with experienced architects, designers, and contractors who specialise in high-end projects is crucial to achieving the desired results.

There are a number of options to create a remarkable and valuable home. Ultimately, a luxurious and well-improved home not only provides an opulent living experience but can also be a wise investment for the future making your home a unique and highly sought after piece of real estate.

 

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Further reading

 

 

Is it time to say goodbye to fixed rate mortgages?

Are you coming to the end of a fixed rate mortgage deal? Navigate the UK mortgage landscape with insights on fixed vs tracker rates, interest rate predictions, and strategic decisions.

 

Five ways to lock-in a mortgage quickly

Did you know that the most common reason for a mortgage application being delayed is that the supporting documents are not provided promptly?

 

Is now the right time to reduce your mortgage?

Given the changing financial landscape, many homeowners are asking an important question: Should I reduce my mortgage? In this article, we provide some thoughts on ways to reduce your mortgage and highlight what this might mean for you.

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Author -

James Hilton

James Hilton

Regulated Mortgage Adviser

James Hilton is a Regulated Mortgage Adviser and has been at Arbuthnot Latham for five years. He has thirty-five years’ experience in finance and specialises in advising clients on purchasing their residential properties.

DISCLAIMER

This communication should be considered a marketing communication. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research. It is for information purposes only and does not constitute advice, a solicitation, recommendation or an offer to buy or sell any security or other investment or banking product or service. You should seek professional advice before making any investment decision. The value of investments, and the income from them can fall as well as rise, and may be affected by exchange rate fluctuations. Investors could get back less than they invest. Past performance is not a reliable indicator of future results. The tax treatment of investments depends upon individual circumstances and may be subject to change.

The contents of this communication are based on opinions or conditions as at the date of writing and may change without notice. To the extent permitted by law or regulation, no warranty of accuracy or completeness of this information is given and no liability is accepted for its use or reliance on it.