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APD 10 Recommended Value – Adding Home Improvements

Posted on January 6, 2015 by Grace Shelton

Word Count:
289

For the best paving dublin company, call Active Paving Dublin.

Results from a survey carried out by 100 estate agents across the UK reveal the 10 most common value adding home improvements.


Value Adding Home Improvements

To find the best paving dublin company, click here for Active Paving Dublin.
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

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