This article on The Telegraph's finance blog suggests improvements in the kitchen and bathroom are among the best when it comes to adding value to a property before a sale. However, there's a lot to be said for undertaking these sorts of renovations without thinking about a future sale at all.
Six million homeowners are expected to revamp their homes this bank holiday weekend. According to a survey by supermarket chain Asda, 39% of the nation will stay at home to focus on ‘quick fixes’.
The UK has become a nation of update addicts, adding everything from must-have accessories to a lick of paint. The retailer found that choosing to keep up with the latest colour trends was the primary reason for taking on a DIY project.
- Spring-cleaning was the second biggest reason for a re-vamp.
- Moving house is the main reason for change for 14% of those surveyed.
- Living rooms are the most re-styled room in the house with 45% of those polled voting it the most re-done area in the home, with kitchens second and bedrooms third.
With our homes likely to be our most significant investment we are determined to look after them as well as we can. One in eight of us has spent more than £5,000 on improvements in the last couple of years, with the average amount spent by respondents coming in at £2,706.
Kitchens, bathrooms and conservatories
A recent poll by Anglian Home Improvements,found that we are determined to look after our most significant investment. One in eight of us has spent more than £5000 on improvements in the last couple of years, with the average amount spent coming in at £2706. Half of those surveyed said they would like or are planning to fit a new kitchen or bathroom, while one in four aspire to have a conservatory.
It seems our neighbours’ homes play a big part in this desire to keep our homes looking good, with a third of Brits saying their home improvements are done to make sure they have the most attractive house on the street. Meanwhile, a fifth confess that their main motivation is to make sure they are not outdone by those next door.
