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 How to Sell Your Home 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 homeowners | Percentage of homeowners | Average spent per improvement |
| Redecoration works | 73% | £889 |
| Garden landscaping | 54% | £794 |
| New flooring | 39% | £1,002 |
| New bathroom | 31% | £2,719 |
| New doors (external & internal) | 28% | £906 |
| New kitchen | 27% | £5,016 |
| New windows | 25% | £2,543 |
| Decking /patio alterations | 18% | £1,001 |
| Driveway/parking space | 15% | £1,873 |
| Building a conservatory | 11% | £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
- A loft conversion could increase the sale price of a typical home by an average of £11,020
- Installing a new bathroom is the most popular home improvement but a loft conversion can have a greater impact upon a property’s value
- 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.
