The Property Podcast ASK479: How do I prove I've added value? PLUS: Can I get a Stamp Duty refund?
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Jun 3, 2025 Rob and Rob tackle some pressing property questions. One listener seeks tips on renovations to boost mortgage value, stressing the need for substantial improvements. Another shares concern about stamp duty while buying a home, complicated by her existing buy-to-let equity. The conversation highlights the key differences between perceived and actual property value, along with practical advice on navigating tax regulations. Tune in for insights that could save you money and maximize your investment potential!
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Value Beyond Monetary Gains
- Remember that cosmetic changes like painting add little monetary value but can improve your home enjoyment.
- Prioritize comfort and enjoyment for your primary residence, not just financial return.
Ensure Value Addition Counts
- Spend money on improvements that truly add measurable value, like adding bedrooms or extending the property.
- Get a valuation before renovating to know if your spend will be recognized by lenders.
Stamp Duty Surcharge Rules
- When buying a new main residence, you won't avoid the additional stamp duty if you still own another property.
- Removing your name from a mortgage doesn't remove ownership status for stamp duty purposes.