The Best Renovations to Add Value to Your Home

Whether you’re thinking of selling up or want to make long-term improvements to your home, we’ve weighed up the pros and cons of different renovations to see which add the most value to your property.

Whether you’re thinking of selling up or want to make long-term improvements to your home, we’ve weighed up the pros and cons of different renovations to see which add the most value to your property.

While your main motive in renovating your home may be to give you more space or a better garden, many improvement works will also boost the value of your home.

Before embarking on a project to add value to your home, you need to be aware of the ceiling price of your property. This is the maximum price a buyer will spend for a property on your street before they can find a similar property for the same money in a better street. If you’re already at the ceiling price, then don’t expect further renovations to add any significant value.

How much you stand to gain also depends on where in the country you live, as recent research from the Federation of Master Builders (FMB) and the HomeOwners Appliance (HOA) shows. Converting part of the master bedroom into an ensuite could add £10,437 to the average home in Dorset, and £14,525 to the home value in London, but in the North East it would only add around £1,963, which is half the cost of the improvement work.

Loft and garage conversions are two of the most popular ways of extending and adding value to a property. Converting a single garage to additional living space can increase the value of your home by up to 20%, and creating an additional bedroom through a loft conversion could add 15-20%. Basic loft conversions can start from around £15,000, but for the average dormer loft conversion with a double bedroom and ensuite, you’re likely looking in the region of £35,000-£45,000, depending on the size of the project.

Kitchen and bathroom upgrades are also popular for a reason. Removing an internal wall to create an open plan living and dining area is one of the most cost effective ways of boosting the value of your property. It will normally cost around £3,500, but could add an impressive £48,417 to the value of a London property.

It is also worth considering having your garden landscaped – a well maintained garden could add a hefty 20% to the house value and make it more attractive to buyers.

Ultimately though, additional bedrooms add the most value, as the number of family houses is currently in short supply, which is resulting in more homeowners extending instead of moving.

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