Top 10 Ways to Add to Your Home’s Value
Tags: Home Loan Advice, Secured LoansContemplating an addition to your home? What improvement will add the most to your value?
According to estate agents, the most profitable improvements are:
1)Loft Conversion – £22,000
2) New Extension – £19,000
3) New Kitchen – £10,000
4) New Conservatory – £9,000
5) New Windows – £8,000
6) Central Heating – £5,000
7) New/Remodelled Bathroom – £5,000
Re-decoration – £4,000
9) Resurfaced Driveway – £3,000
10 ) Garden Decking – £3,000
Here’s how the improvements were calculated: a loft conversion usually costs around £18,000 and would improve a home’s value by £40,000, so it adds £22,000 to your home’s value. Here are the similar values for the other improvements:
Extension- could cost £30,000 –increase by £49,000, increase, after costs, of £19,000
Kitchen- could cost £8,000 – increase by £18,000, increase, after costs, of £10,000
Conservatory-could cost £8,000 – increase by £17,000, increase, after costs, of £9,000
Windows-could cost £8,000 – increase by £16,000, increase, after costs, of £8,000
Central Heating-could cost £7,000 – increase by £12,000, increase, after costs, of £5,000
Bathroom- could cost £4,000 – increase by £9,000, increase, after costs, of £5,000
Rather than search for a new place to live, adding room to your home can save you money and the hassles of moving by allowing you room for your family to grow and adding to your memories at your current house. Why not take a secured loan from us at Spot Loans to add to your home’s value today?