How to increase building value

[claret_n_Blue]

Hi all,

I'm trying to sell my shop and I have had an offer. I initially wanted to sell it at a fixed price, however the person who wants to buy has proposed we do it this way: He will pay a fixed fee for the shop, and then whatever an independent surveyor says the building bricks and mortar value for the shop is, that's what he pays for that.

Now I know this is the fairest way. But this is business lol. And based on the value of the commercial building that is being sold next to mine, it means I get almost £50k less than what I wanted. My initial valuation came from what I paid for the shop and what the value used to be before the prices of the local area went down.

So I was thinking, is there a way I can increase the building value (without putting too much investment in)?

Some information of about the building would I suppose bet that it is an end of terrace building with a two bedroom flat upstairs. At the moment, the flat is very basic and we have a council tenant living there. Are there any government schemes etc that I could take advantage of to improve the condition of the flat and therefore maybe increase the value?

 

[STDFR33]

There won't be many (if any) aesthetic improvements that you can make that would close a £50k gap.

If the potential buyer is undervaluing by £50k, then any improvements wouldn't make a difference if they are out for a bargain.

 

[DontAsk]

it means I get almost £50k less than what I wanted. My initial valuation came from what I paid for the shop and what the value used to be before the prices of the local area went down.

You wan what it used to be worth. The buyer wants to pay what it's worth now. You need to negotiate.

 

[Gecko001]

You need to get more than one surveyor to value the property. I suggest three is a minimum.

 

[Alan]

Generally if you can increase the size you can increase the value.