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First-time buyer adds £45,000 to new home’s value by transforming terrace

Edward Kercher, from Southampton, has spent just over £12,000 so far on the transformation, working in the house after work and at weekends

First-time buyer adds thousands to property value with home renovation

A first-time buyer saved thousands of pounds transforming a Victorian house by doing most of the work himself – and added £45,000 to its value.

Following his dad’s footsteps, Edward Kercher bought the terraced house in January this year to take on a project.

The 25-year-old said his dad renovates properties full time, which gave him the confidence to buy a run-down property and then bring it back to life.

The architectural technologist said he has saved tens of thousands by doing as much work as he could himself but, with a full-time job, it has him taken ten months.

Edward, from Southampton, has been working in the house after work and at weekends, having spent just over £12,000 so far on the transformation.




Edward ordered a kitchen from Howden’s for just over £4,000, including all the appliances, and then installed it himself
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Image:

Jam Press/@edshomereno)




He added: “I work on my house renovation project after work and at the weekends.

“Basically any free moment I get out of work I try to use as time to work on my house.

“I’ve saved in the region of tens of thousands. I have lost out in terms of time as it has taken me a lot longer but I have saved a vast amount of money.”

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The kitchen pictured before the transformation
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Image:

Jam Press/@edshomereno)




After moving, he ripped up the flooring and started stripping the walls. He also slowly stripped the paint of the original staircase to restore it.

The first-time buyer ordered a kitchen from Howden’s for just over £4,000, including all the appliances, and then installed it himself.

In the bathroom, he bought and installed the bathroom suite and added modern metro tiles, for a total of £930.

Edward decided to go for classic Herringbone flooring for the entire ground floor, costing £800.




The bathroom pictured while it was being done up
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Image:

Jam Press/@edshomereno)




Upstairs, he sanded the original floorboards and spend £250 on hiring equipment.

Recognising the history of the house, Edward wanted to keep some original features in the modern design and, luckily, he was able to refresh the original doors, staircase and fireplaces.

He said: “I think it is much better to try and do restoration rather than strip out and introduce new features.

“I think the contrast between old and new works well.”




The bathroom once all the work was completed
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Image:

Jam Press/@edshomereno)




However, Edward did have to get some professional help after plastering one bedroom upstairs as, realising how time-consuming it would be to do the whole house, he hired a plasterer to tackle the ground floor and all the artex ceilings.

He also hired a plumber, who moved his boiler into the loft.

In total, he has spent just over £12,000 so far on the transformation.




Edward bought the two up, two down terraced house on January 6 this year
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Image:

Jam Press/@edshomereno)




Now all that is left to finish are some smaller jobs to add the final touches and fill the house with furniture.

“When I was younger he [his dad] was always remodelling the homes that we lived in,” he continued. “I think that is one of the main reasons I have always been interested in doing something myself the same way.

“It gave me the confidence to buy a run-down property and know that I would be able to do all of the work myself to bring it back to life.”




Edward Kercher pictured with his father, who renovates properties full time
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Image:

Jam Press/@edshomereno)




Once he’s finished everything, Edward plans to have the house surveyed and will decide whether to sell it and start a new project or live in it for a while.

Although he doesn’t want to share how much he paid for the house originally, he believes all the work he has done has already helped it go up in value.


Full Kitchen cost including appliances: £4194

Full Bathroom fixtures fitting and tiles: £930

Herringbone flooring for the entire ground floor: £800

Sanding equipment hire for first floor rooms: £250

Rooflight in Kitchen: £255

Tradesman Plastering the ground floor and all the artex ceilings: £1200

Plumber moving my boiler into the loft: £1100

Front door: £328

Furniture so far; sofa, two double beds and mattresses etc: £1100

Miscellaneous items (lots of trips to Wickes): £2000

Total £12,157




Edward believes that, since he bought the house, it has gone up in value by up to £45,000.

He said: “I have kept a close eye on house prices on my road and with the recent capital growth of property and my recent refurbishment I believe, within the nine months I have had the place, I have added around £45,000.”



Edward shows a step-by-step of how he overhauled the stairs
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Image:

Jam Press vid/@edshomereno)






The stairs once completed
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Image:

Jam Press vid/@edshomereno)




For those looking to start their own home renovation, Edward added: “It’s so easy to fall into the trap of feeling overwhelmed and underskilled when it comes to DIY and property in general.

“You just need to take a risk sometimes and you always end up figuring things out.

“I went into this with zero knowledge and experience and now I have people asking me every day how I am so competent in DIY & renovation, if you believe you will enjoy DIY and property, go for it, I promise you won’t regret it.”


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