Improve...Don't' Move!!

A recent Daily Mail article discussed the benefits of "Improving...Not Moving" and the monetary benefits of improving your home instead of moving to another.

The article stated:

"More people are looking to improve their home rather than move. But before embarking on any improvements, it pays to know which ones will add the most value to your property".

The favourite project is the loft conversion, which can create an extra bedroom and perhaps a bathroom.

It typically adds 12.5% to a selling price.

For an owner with a property around the national average of £183,630, this equates to nearly £23,000.

The Top Ten Projects

Project:

Loft Conversion

Extension to create extra room

Conservatory

New Kitchen

Installing central heating

New windows

New bathroom

Re-decorating bedrooms/living room

New driveway

Decking garden/installing patio

Value added to your home:

12.5%

10.8%

6.7%

4.6%

3.4%

2.9%

2.88%

2.6%

2.2%

2%