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10 Recommended Value - Adding Home Improvements

By Expert Author: Arthor Pens
Word Count: 342 words | Views: 273 view(s)
Results from a survey carried out by 100 estate agents across the UK reveal the 10 most common value adding home improvements.

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
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 Improvements can be a very successful future investment. Figures above are based on typical value and are dependant 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 very practical enhancement to your property, especially if you have a growing family or are not wishing to actually move away from where you currently live, as it maybe close to family and friends.

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

and similarly,

A new Extension could cost •£30,000 and could increase your property value by •£49,000, so a true equity value increase, after costs, of •£19,000

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 Conservatory could cost •£8,000 and could increase your property value by •£17,000, so a true equity value increase, after costs, of •£9,000

New Windows could cost •£8,000 and could increase your property value by •£16,000, so a true equity value increase, after costs, of •£8,000

New Central Heating could cost •£7,000 and could increase your property value by •£12,000, so a true equity value increase, after costs, of •£5,000

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
Arthor Pens

About the Author:

Loans4 provide home improvement and homeowner loans for UK homeowners. Please visit Loans4 for more finance related news.

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Article Tags: value adding home improvements
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