home improvement
10 Recommended Value - Adding Home Improvements
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
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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