Adding Value Tips

homerenovationcompanyValue – Adding Home Improvements

Results from a survey carried out by 100 estate agents across the UK reveal the 10 most common value adding home improvements. This may be a UK survey but these value adders should be considered wherever in the world you live.

1. Loft Conversion – £22,000

2. New Extension – £19,000

3. New Kitchen – £10,000

4. New Conservatory – £9,000

5. New Windows – £6,000 (consider double glazing for extra insulation and sound qualities)

6. Central Heating – £5,000

7. New Bathroom – £5,000

8. Re-decoration – £4,000

9. Resurfaced Driveway – £3,000

10. Garden Decking – £3,000

Home Improvement if focused correctly and completed professionally can be a very successful future investment. Figures above are based on a typical value dependent on the capital invested in your home.

Not only can home improvements add a substantial increase to the value of your property, they also act as a practical enhancement to your property, especially if you have a growing family or do not wish to move home.

In the table above, the fitting / installation costs have been remove to show the real or true equity increase. i.e. a new Loft Conversion could cost £18,000 and could increase your property value by £40,000, so a true equity value increase, after costs, of £22,000.

A new Kitchen could cost £8,000 and could increase your property value by £18,000, so a true equity value increase, after costs, of £10,000.

A new Bathroom could cost £4,000 and could increase your property value by £9,000, so a true equity value increase, after costs, of £5,000.

So If you are considering a home renovation or addition make sure to check out the Directory Here

Happy decorating

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