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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

[1] Less2sell Online Estate AgentA recent survey of estate agents by GE Money highlights that the right DIY project can add as much as £22,300 to the price tag of an average property.

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

8) Redecorate

 

£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

What’s the solution?

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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