We have a 2 bed terrace in a sought after area in the South East. Properties sell for between £240-290k (I know, ridiculous compared to what we paid over ten years ago but that’s the market) and two beds in this area are still getting snapped up quickly.
Our bathroom is outdated. It’s white, so not offensive, but old. In January we paid the deposit to have it redone, total cost around £8k. However, nothing has started yet and there’s no sign of a start date on the horizon. We were planning on doing the kitchen (90s wood units) after that, at similar cost.
But we really need a bigger house and we’re getting impatient.
Will sticking around and improving the bathroom and kitchen improve the value significantly or should we just get everything clean and uncluttered and market it as is? I can’t make my mind up.