What improvements add value to your home?

Are you thinking about improving your home? What developments add the most value? Read our latest article – you will be surprised!

Less than a year ago, we announced that we had joined forces with Rightmove to market properties for sale in Sheffield.

We have already helped Home Owners, Property Developers & Buy-to-Let investors sell their properties. Word is getting around town that Nicholas Humphreys (Sheffield – Broomhill & Crookes) is selling houses in Sheffield.

To help people prepare to sell their house, we have already written articles on How to Find an Estate Agent to Sell Your Home and 7 Awesome Things You Can Lean to Sell Your House Quickly so it stands to reason, we should share some interesting facts & figures on what improvements add the most value to your home.

WHICH IMPROVEMENTS CAN ADD THE MOST VALUE TO YOUR HOME?

Most people believe that a new bathroom adds the most value to a house but in fact, a recent article published in Zoopla reveals that a loft conversion can increase a typical home by an average of £11,020.

Less expensive improvements can increase the value of your home as well such as, installing bi-folding doors can add value in excess of £5,000 or even a garage conversion adding almost an extra £5,000 in value. By comparison, a typical home extension can only increase a house value by little more than just £4,000.

SO, WHAT ARE THE MOST POPULAR HOME IMPROVEMENTS IN THE UK?

Since 2013, British home owners have spent in excess of £40 billion on property improvements. According to the estate agency association NAEA Propertymark, the top 10 projects in the UK are:

Most popular home improvements for homeownersPercentage of homeownersAverage spent per improvement
Redecoration works73%£889
Garden landscaping54%£794
New flooring39%£1,002
New bathroom31%£2,719
New doors (external & internal)28%£906
New kitchen27%£5,016
New windows25%£2,543
Decking /patio alterations18%£1,001
Driveway/parking space15%£1,873
Building a conservatory11%£4,310

WHICH IMPROVEMENTS CAN ADD THE MOST VALUE TO A HOME?

  • Creating an open-plan living space: adds an average of £46,504
  • Loft conversion: adds an average of £24,255
  • Extension: adds an average of £6,456
  • New kitchen: adds an average of £3,509
  • Conservatory: adds an average of £3,155

IN SUMMARY

  1. loft conversion could increase the sale price of a typical home by an average of £11,020 
  2. Installing a new bathroom is the most popular home improvement but a loft conversion can have a greater impact upon a property’s value
  3. Smaller improvements such as installingbi-folding doors or carrying out a garage conversion could be viable alternatives to enhancing your property’s value

Would you like to find out the value of your home? Call Nicholas Humphreys (Sheffield – Broomhill & Crookes) on 0114 470 4715 or e-mail sheffieldwest@nicholashumphreys.com for a free market appraisal.

Be sure to check out our website for properties currently on the market For Sale and Houses We Have Sold.