Are you thinking of extending your kitchen or building into the loft? If so, it is worth checking how much such initiatives will add to the value of your property. This could affect how much budget you set aside for the project.
A new survey of independent estate agents by
Move with Us reveals that a new kitchen or an extra bathroom can add five per cent to the worth of a home, while a loft conversion adds ten per cent. Traditional home improvement/value added % is as follows:
Solar panels 1%
Extra bathroom 5%
Extra parking space 5%
Conservatory 5%
New kitchen 5%
Swimming pool 5%
En-suite 5%
Extra bedroom 10%
Parking space 10%
Loft conversion 10%
With the rising popularity of more unusual home improvements or small space projects, advocated in shows such as George Clarke's
Amazing Spaces, home owners are becoming increasingly inventive with DIY projects, making the most of available space.
Better lifestyle
Whilst it’s not all about the money, it’s nice to know how much value these labours of love contribute compared to more traditional projects. However the value added is much more modest when it comes to unusual or eccentric home improvements. Home improvement/value added %:
Man cave 1%
Tree house 1%
Sauna 1%
Hot tub 1%
Garden folly 1%
Cobb outhouse 1%
Outhouse office 5%
Cinema room 5%
And finally, creating a garden where there wasn’t one before e.g. a roof garden, can add around 10%. Unusual home improvements are increasing in popularity. Homeowners are ingeniously creating new spaces within the boundaries of their existing homes where they can live out their dreams. These include garden offices for working from home, garden workshops, hot tubs and roof gardens. It’s an inspiring trend.
