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 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 homeimprovementadvice.co.uk for some top tips on how to plan small and big projects. And if you’re planning an extension, visit growyourhome.com to calculate an estimate of the costs.
You must be logged in to post a comment.