What renovations add the most value to a home in the UK?

What renovations add the most value to a home in the UK?

Did you know that the average UK homeowner spends £18,000 on home renovations? But, not all renovations are created equal when it comes to increasing property value. If you’re a UK homeowner looking to increase your property value, it’s important to know which renovations will give you the biggest bang for your buck. 

That’s where we come in! In this article, we’ll what renovations add the most value to a home in the UK, as well as other home improvements that can add value. We’ll also discuss some common home improvements that do not add value in the UK, and how much value you can expect to add to your home through various renovations. 

So, whether you’re planning to sell your property soon or simply want to improve your home for your own enjoyment, keep reading to learn more!

What renovations add the most value to a home in the UK

Top Home Renovations That Will Increase Property Value

Investing in the right home renovations can significantly increase your property value. Here are the top 5 home renovations that add the most value to a home in the UK:

1. Kitchen Renovations

The kitchen is often referred to as the heart of the home, and for good reason. A well-designed and functional kitchen can make or break a home sale. Kitchen renovations can include updating countertops, cabinets, appliances, and flooring. On average, a kitchen renovation in the UK costs around £8,000-£15,000, but can add around 4-7% to the value of your home.

2. Bathroom Renovations

Bathroom renovations are another renovation that can add significant value to your home. A modern, clean, and functional bathroom can greatly appeal to potential buyers. Bathroom renovations can include updating the bathtub or shower, toilet, sink, and tiles. On average, a bathroom renovation in the UK costs around £4,500-£9,000, and can add around 2-5% to the value of your home.

3. Loft Conversions

Loft conversions are a popular way to add extra living space to your home, without having to move. A loft conversion can be used as an extra bedroom, home office, or even a playroom. On average, a loft conversion in the UK costs around £50,000-£100,000, but can add around 10-15% to the value of your home.

4. Extension

If you need more living space but don’t want to move, an extension could be a good option. An extension can be used to add an extra bedroom, living room, or even a kitchen. On average, an extension in the UK costs around £50,000-£120,000, but can add around 10-20% to the value of your home.

5. Conservatory

A conservatory is a popular way to add extra living space and bring more natural light into your home. A conservatory can be used as a sunroom, home office, or even a dining area. On average, a conservatory in the UK costs around £5,000-£15,000, and can add around 5-10% to the value of your home.

Before-and-after photos or illustrations can be a great way to showcase the impact of these renovations on a property. Remember, the actual increase in property value will depend on several factors, such as location, size of the property, and current market trends.

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Other Home Improvements That Can Increase Property Value

Apart from the top 5 home renovations that add the most value, there are other home improvements that can increase your property value. Here are some examples:

1. Landscaping

Good landscaping can enhance the curb appeal of your property and make it more attractive to potential buyers. Landscaping can include adding trees, shrubs, flowers, and even water features. On average, landscaping in the UK costs around £10,000-£20,000, and can add around 5-10% to the value of your home.

2. Repainting

A fresh coat of paint can make a big difference to the appearance of your home. Repainting can include painting the interior walls, exterior walls, or even the front door. On average, repainting in the UK costs around £5,000-£8,000, and can add around 2-5% to the value of your home.

3. Updating Fixtures and Fittings

Updating fixtures and fittings, such as light fixtures, door handles, and taps, can give your home a modern and fresh look. This is a relatively inexpensive way to update your home’s appearance. On average, updating fixtures and fittings in the UK costs around £500-£1,500, and can add around 2-3% to the value of your home.

Real-life examples of properties that have benefitted from these improvements can be useful in showcasing the impact of these improvements on a property. It’s important to note that the actual increase in property value will depend on several factors, such as the quality of the improvements, location, and current market trends.

Home Improvements That Do Not Add Value in the UK

Home Improvements That Do Not Add Value in the UK

Not all home improvements add value to your property. Here are some common home improvements that UK homeowners mistakenly believe will add value to their property but actually do not:

1. Swimming Pools

While a swimming pool may seem like a luxurious addition to a property, it actually does not add value to a property in the UK. In fact, it can sometimes deter potential buyers due to the high maintenance costs and safety concerns.

Alternative suggestion: Consider adding a hot tub or Jacuzzi instead. These are smaller and more affordable options that can still provide a similar luxury feel.

2. Over-Personalised Spaces

While it’s great to add your own personal touch to your home, over-personalised spaces can be a turn-off for potential buyers. This can include things like overly bright colours, themed rooms, or overly unique features.

Alternative suggestion: Keep the décor neutral and simple, and focus on making the space feel bright and spacious.

3. Converting Bedrooms

Converting a bedroom into a different type of space, such as a home gym or office, can be convenient for you but can actually decrease the value of your property. Bedrooms are a key feature that potential buyers look for in a property.

Alternative suggestion: Consider adding an extension or converting an unused space, such as a loft or garage, into the extra space you need.

By avoiding these common mistakes, you can ensure that the improvements you make to your home actually add value. Remember, potential buyers will look for a property that is practical, functional, and well-maintained.

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Tips for Choosing the Right Renovations for Your Home

Choosing the right home renovations can be tricky, but here are some tips to help you make the right decision:

1. Consider Your Location

Different renovations will have different levels of demand depending on the location of your property. For example, a garden may be more important to potential buyers in a suburban area, while a parking space may be more important in a city centre. Research the demand for different features in your area to help you choose the right renovation.

2. Look at Current Market Trends

Keep up-to-date with current market trends to help you make informed decisions about your home renovations. For example, if more people are working from home, a home office or extra living space may be in higher demand.

3. Consider Your Personal Preferences

While it’s important to consider potential buyers when choosing renovations, it’s also important to consider your own preferences. After all, you want to enjoy your home while you’re living in it. Consider what would make your home more comfortable and functional for you and your family.

4. Use a Checklist or Questionnaire

A checklist or questionnaire can be a helpful tool to help you determine which renovations are best for your property. Consider factors such as your budget, desired outcome, and timeline. This will help you make a more informed decision about which renovations to pursue.

By considering these factors, you can choose the right renovations that will add the most value to your property. Remember, a home renovation can be a big investment, so it’s important to make informed decisions to ensure that you get the best return on your investment.

Conclusion

In summary, home renovations can add significant value to your property, but it’s important to choose the right renovations to ensure that you get the best return on your investment. The top 5 home renovations that add the most value in the UK are a kitchen renovation, bathroom renovation, loft conversion, extension, and conservatory. Other home improvements that can add value include landscaping, repainting, and updating fixtures and fittings.

It’s important to avoid common home improvements that do not add value, such as swimming pools and over-personalised spaces. By considering your location, current market trends, and personal preferences, you can choose the right renovations that will add the most value to your property.

We encourage UK homeowners to take action and invest in home renovations that will increase their property value. Whether you’re looking to sell your property in the near future or simply want to improve your living space, home renovations can provide a great return on investment.

If you’re not sure where to start, consider contacting a professional renovation company or booking a consultation. With the right guidance and expertise, you can transform your home into a valuable asset that you can enjoy for years to come.

Useful Resources

1. HomeOwners Alliance

The HomeOwners Alliance is a non-profit organisation that provides advice and support to UK homeowners. Their website includes a wealth of information on home improvements, including how to add value to your property.

2. Planning Portal

The Planning Portal is the UK government’s online resource for planning and building control information. Their website includes guidance on planning permission for home improvements and renovation projects.

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3. The Royal Institute of British Architects (RIBA)

The Royal Institute of British Architects (RIBA) is a professional body for architects in the UK. Their website includes a section for homeowners that provides information on home renovations, including how to choose the right architect for your project.

4. TrustMark

TrustMark is a government-backed quality scheme that helps homeowners find reputable tradespeople for home renovation projects. Their website includes a search tool to help you find a TrustMark-accredited tradesperson in your area.

5. Energy Saving Trust

The Energy Saving Trust is a non-profit organisation that provides advice and support on energy efficiency and sustainability. Their website includes information on home renovations that can improve energy efficiency and reduce your energy bills.

These resources can provide additional information and guidance to help UK homeowners make informed decisions about their home renovation projects.

On average, a kitchen renovation in the UK can add around 4-7% to the value of your home.

On average, a bathroom renovation in the UK can add around 2-5% to the value of your home.

On average, a loft conversion in the UK can add around 10-15% to the value of your home.

On average, an extension in the UK can add around 10-20% to the value of your home.

Yes, on average, a conservatory in the UK can add around 5-10% to the value of your home.

Yes, on average, landscaping in the UK can add around 5-10% to the value of your home.

On average, repainting in the UK can add around 2-5% to the value of your home.

Updating fixtures and fittings can make your property look more modern and attractive, which can increase its appeal to potential buyers.

Swimming pools are considered high maintenance and can be a safety concern, which can deter potential buyers.

Bedrooms are a key feature that potential buyers look for in a property, and converting a bedroom into a different type of space can decrease its appeal.

Keeping the décor neutral and simple can make the space feel more spacious and appealing to potential buyers.

On average, a kitchen renovation in the UK costs around £8,000-£15,000.

On average, a loft conversion in the UK costs around £20,000-£40,000.

On average, landscaping in the UK can add around 5-10% to the value of your home.

Consider your location, current market trends, personal preferences, and use a checklist or questionnaire to help determine which renovations are best for your property.

Research the expected return on investment for different home renovations and consider factors such as location and current market trends to ensure that you make informed decisions.