Not only can home improvements make our houses nicer places to live, they can also add value to your home, up to 15% for certain projects! Here are just some of the ways in which you can increase the value of your property through home improvements.
1. The bathroom is a room in your home where you should be able to relax. Don’t let cracked tiles or outdated colour schemes cause discontent. A new bathroom could have a potential price tag of £5,000 but it can add a potential added value of 3% to the value of your home.
2. New double glazing can cost between £5,000 to £7,000 but it can add a potential added value of 5% to your home. Not only this, replacing your single glazed windows with double glazing can help you save money on your heating bill – a win win!
3. Adding more useable space to your home can also help increase its value. Consider turning your loft space into an additional bedroom. Loft conversions can be expensive but can add up to 12% to the value of your home. Converting your garage can add up to 15% - how about a new office or gym?
4. Spring has officially begun and a conservatory can be a great space to relax and socialise with friends. Conservatories are the ideal way to extend your home and add an additional room. Building a conservatory costs somewhere between £5,000 - £30,000 but can add 7%-15% to the value of your home which soon makes it value for money.
Research carried out by Saga Equity Release found that home improvements such as installing a new kitchen or building an extension are one of the most popular reasons that people choose to release equity from their property. With a conservatory potentially adding a whopping 15% on to the value of your home it perhaps isn’t so surprising.