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How to add value to your home through D-I-Y.
Posted By Damian On 14/10/2007 @ 08:44 pm In Tips | No Comments
But what are the most value-adding home improvements?
Less2sell estate agents believe that increasing the square footage of your property is likely to add the most value:
Top 3 Home Improvements Most Likely To Improve The Value Of A Home according to Halifax’s valuers
|
Rank |
Room |
Rank out of ten |
| 1. |
Loft conversion |
10 |
| 2= |
New kitchen |
8 |
| 2= |
Painting and decorating |
8 |
| 4= |
Extension/extra rooms |
7 |
| 4= |
New bathroom |
7 |
A similar survey from GE Money breaks down approximately how much money different types of home improvement could potentially add to the price of a property:
Estate Agents’ Top 10 DIY Projects, according to GE Money
|
Recommended Top 10 DIY projects |
Average £s Added
|
| 1) Loft conversion |
£22,300 |
| 2) Add an extension |
£19,27 1 |
| 3) Build a conservatory |
£11,90 4 |
| 4) New kitchen |
£8,250 |
| 5) Add central heating |
£6,147 |
| 6) New windows |
£5,239 |
| 7) New bathroom |
£5,155 |
| |
£4,576 |
| 9) Resurface the driveway |
£3,928 |
| 10) Add decking to the garden |
£3,617 |
Of course, to some extent, the most value-adding improvements will depend on the property. Perhaps, rather than trying to say what is the most value-adding project, it can be just as helpful to look which home improvements can seriously detract from the desirability of
a property:
What Detracts Value From A Property, according to [2] Less2sell Online Estate Agent.
|
Alteration
|
| - Obviously home-made cupboards or kitchen fittings |
| - Non-neutral external decoration |
| - Polystyrene tiles on the ceiling |
| - All period features removed |
| - Patterned carpets |
| - Cheap and poorly-fitted laminated floor |
| - Poorly executed tiling on walls/floors |
| - Non-neutral/brightly coloured internal decoration |
| - Woodchip wallpaper on the walls |
| - Garden paved over |
If you’re planning a home improvement project this autumn, it’s a good idea to take professional advice. Check out [3] homeimprovementadvice.co.uk for some top tips on how to plan small and big projects. And if you’re planning an extension, visit [4] growyourhome.com to calculate an estimate of the costs.
Article printed from Less2sell Online Estate Agents Blog: http://less2sellblog.co.uk
URL to article: http://less2sellblog.co.uk/2007/10/14/how-to-add-value-to-your-home-through-d-i-y/
URLs in this post:
[1] Image: http://less2sellblog.co.uk/__oneclick_uploads/2007/10/diy.JPG
[2] Less2sell: http://www.less2sell.co.uk
[3] homeimprovementadvice.co.uk: http://less2sellblog.co.ukwww.homeimprovementadvice.co.uk
[4] growyourhome.com: http://less2sellblog.co.ukwww.growyourhome.com
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