10 top home improvements to add value to your property
Brits have spent more than £40 billion updating their houses since 2013. Here are the projects they focused on, plus top tips to update – and add value – to your home.
Homeowners across the UK have splurged £41bn sprucing up their properties over the last five years – an average of £1,875 each – according to a survey for estate agent association NAEA Propertymark.
Nearly three in four (73%) homeowners have updated their home since 2013, with one in ten admitting they have done so because of the high cost of moving.
Those surveyed were keen to carry out more work to transform homes in the future, with 28% wanting to add a new kitchen, while 6% intend installing home gyms and cinemas. Just 4% hope to add a swimming pool.
The association's research revealed the top 10 projects in the UK:
|Most popular home improvements for homeowners||Percentage of homeowners||Average spent per improvement|
|New doors (internal and external)||28%||£906|
|Building a conservatory||11%||£4,310|
NAEA Propertymark's top 10 improvement tips, to increase the value of your home, are:
Why? Giving your home a lick of paint and doing some general maintenance can be done at a very low cost. Fresh paint in modern colours goes a long way to give your home a new lease of life.
2. Kitchen makeover
Why? Kitchens are usually the focus of a house for many buyers. Painting units or replacing cupboard handles or doors are a cheaper way of refreshing a kitchen.
3. Adding/updating a bathroom
Why? A bathroom which looks fresh and clean is always an appealing feature. Options include re-grouting, eliminating limescale and replacing taps. Walls can be painted a neutral shade, and ideally replace a shower curtain with a new one, or a simple glass screen.
4. Garden appeal
Why? An attractive, tidy and well-designed garden can add a great deal of value to a home. To help it feel like an extra space for entertaining and relaxing, it is essential to trim borders, clear pathways and prune any overgrown trees or bushes.
5. Double glazed windows
Why? Noisy roads can impact the value of a property. Double glazing will keep the home warm, while diminishing traffic noise, even if a home is near a main road.
6. Opening up space
Why? Combining the kitchen and dining areas into one large room helps create a sociable space, for the family and visitors to enjoy. NAEA Propertymark warns, however, that some buyers still prefer a separate 'front room' that can be used for special occasions, or privacy for adults.
7. Replace doors
Why? Put simply, first impressions count, and the front door of your home can tell potential buyers much about the remainder of the property. If you cannot afford to replace the front door, make sure it looks new by giving it a power wash, or a fresh coat of paint.
8. Convert the loft
Why? Although a more expensive improvement to carry out, a loft conversion "probably gives the best value for money", says NAEA Propertymark. Expanding the house upwards offers homeowners an extra bedroom for growing families, or a space for extra storage. But remember to seek planning permission first.
9. Be energy efficient
Why? Fitting your home with energy efficient appliances can add value to your home by promising to knock down the cost of bills.
10. Create a driveway
Why? In some parts of the country, the ability to park vehicles close to your front door comes at a huge premium and, therefore, if you have space to include this practical feature, you are sure to increase value.
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