Can Home Improvements Increase your Home’s Value?

Home improvements can be a costly job to get done; especially with interior and exterior trends coming and going. After all, data from the Office for National Statistics has predicted that those in the UK collectively spend almost £30 billion on home improvements annually, from getting their air conditioning repaired or replaced by someone like Barnett Electrical (barnettelectrical.com/oklahoma-city-ac-repair/) to refitting kitchen units and getting new bathrooms, extensions, and all manner of other projects. That works out at £43 million each week.

Does a fitted kitchen add value?

“If you are only going to improve one room, make it the kitchen. This has now become the showpiece area of the home. We don’t just cook in it, we do homework in it, we watch television in it and hold dinner parties there” commented Phil Spencer from Location, Location, Location.

You’ll have to look at the value of your home and how much a new kitchen will cost beforehand. There’s not going to be very much value added to a house that’s valued at £170,000 if it’s fitted with a £25,000 kitchen.

If you strike the right balance between your fitted kitchen and your home, you could see improvements add up to 4.6% to the value of your home. The Royal Institution of Chartered Surveyors (RICS) echoes this statement, acknowledging that a new kitchen will make a property more appealing and can add up to four percent to its overall value.

Does a fitted bathroom add value?

Everyone loves a luxuriously fitted bathroom in their home and the Nationwide Building Society say that renovating this room (or an en-suite) or the creation of a new one can add up to 5% to the homes entire value.

However, simplicity is key when it comes to redesigning your bathroom. Phil Spencer points out: “You don’t need to do a lot with the room, it’s all about the features that you put in, such as a set of new taps, a heated chrome towel rail, a big new shower head, a power shower, and a glass screen or glass door instead of a shower curtain.”

A newly fitted bathroom can increase the value of your home by 2.88%.

How much will a loft conversion add to your home?

If your loft has a maximum headroom of 2.3 meters or was constructed before 1975 — a loft conversion could be on the horizon. The Nationwide Building Society estimates that a loft conversion may be able to add up to 21% onto the overall value of a home, while Nationwide indicates that adding a double bedroom to your property — to which the loft can be transformed into this suitable space — can add over 10% to the property’s value.

If you’re planning a loft conversion, it’s crucial that begin speaking to a professional as there are a lot of regulations that must be followed.

How much will a garage conversion add to your home?

If a loft conversion doesn’t work for your property, or you are looking for another room to convert, consider transforming a garage.

According to Phil Spencer, 90% of garages in Britain are not occupied by a car; so it could be the perfect opportunity to expand the home. In general, the British media personality and television presenter says that the value added can be calculated by multiplying the square footage gained by local price per square foot.

How much will a conservatory add to your home?

Mark Hayward commented: “Conservatories will add value to a home, but they need to be made with quality materials and provide a lot of light in order for the value to be significant.”

You also need to fit a conservatory with glass and not uPVC. A high-quality conservatory can add as much as five percent to the home’s overall value, according to property valuation providers Yopa, though Phil Spencer is confident that 11 percent will be added to the value if the conservatory is part of a full-blown extension. With this in mind, you might want to get in touch with a team of conservatory experts to turn your dreams into a reality. Once you have decided to try it now you can find some fantastic conservatory building specialists online to give you all the support you will need

Investing some time in your garden

Although you may have found love with the idea of getting a conservatory; you don’t want it to take too much green space. This is because a property’s outdoor space can also add substantial value.

With any changes to the garden, you want to make sure that it is accessible for everyone. For this, consider fitting glass doors that open out into the garden and install high-quality outdoor lighting throughout the garden. Solar-powered post lights can fit on deck posts and enhance the beauty of your garden while improving the security of your property at night. 

If you’re looking to install decking, this can add 2% to the home’s value.

home improvement, kitchen remodel, home value, interior design
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Comments

  • Alaine Michaels

    August 8, 2018 at 3:02 am
    Reply

    This is really important to know especially if you're planning to flip houses for income. Its a great guide on what to prioritize when improving […] Read MoreThis is really important to know especially if you're planning to flip houses for income. Its a great guide on what to prioritize when improving your home. Thanks for this! Read Less

  • Carolyn

    October 15, 2018 at 2:56 pm
    Reply

    All of the above improvements can add value to your home, when done professionally and correctly. I am not sure about 90% of garages not […] Read MoreAll of the above improvements can add value to your home, when done professionally and correctly. I am not sure about 90% of garages not being used for cars though. I certainly use mine and would always want a garage if I was moving house. Read Less

  • Rob Fernandis

    November 21, 2018 at 7:42 am
    Reply

    Great post, thanks for sharing! You made me clear about the home valuation after home and bath renovation.

  • Yoshiko Flora

    April 2, 2019 at 8:56 pm
    Reply

    I find it interesting that you suggested replacing one's shower doors with glass ones could help a home increase its value by 5%. Learning about […] Read MoreI find it interesting that you suggested replacing one's shower doors with glass ones could help a home increase its value by 5%. Learning about this convinced me to find a local contractor to replace the one in my bathroom tomorrow. Doing this will help me price my home competitively so that I can sell it at a higher price this weekend to get enough money to pay for my new mansion's downpayment next week. Read Less

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