Which home improvements add the most value to your property

best home improvements

A conservatory is best home improvement to add value to your home

Adding a conservatory is the most cost-effective way of adding value to your property, research from tradespeople comparison site HaMuch.com has revealed.

Christmas can be a tough time to sell in a quieter market and ensuring your property stands out from the crowd can cost money.

HaMuch.com looked at the percentage value added by a number of home improvements on the average house once you’ve accounted for the cost of the work and found that installing a conservatory costs £6,675 but increases the price by £14,062, or 6.0%.

This means you increase the property value by £7,387 after factoring in the money spent on the installation.

Kitchen and all-over redecoration – good options

Other value-for-money home improvements you can make are installing a kitchen, adding £4,890 of value after taking costs into account.

Meanwhile conducting an all-over redecoration adds £4,765 to the house price after costs.

Loft conversions – a big difference

Converting your loft into a living area increases the property value by 10.8%, or £25,312, but it’s an expensive affair.

It’s estimated to cost £21,000 to carry out and you may need to gain planning permission, while there are practical barriers, as you may have to alter the roof structure, add windows and/or a staircase.

Solar panels – a slow burn

While solar panels may be environmentally friendly, it’s very much a slow burn in terms of getting value from them.

They cost £4,000 to install and only increase a property’s value by £1,172, or 0.5%,

Therefore savings with solar panels are generally limited to lowering your electricity bills.

Landscaped gardens – a negligible difference

Landscaping your garden makes little difference to the value of your home.

It only increases the value by £3,281 but the landscaping costs £3,000 – so you only gain £281.

Founder and CEO of HaMuch.com, Tarquin Purdie, commented:

“Revamping your property is a viable alternative to moving to a bigger home and you don’t have to worry about associated costs above and beyond the price of a job while moving will include other costs such as stamp duty.

Improving your home can also help increase its value in the event that you are looking to sell and adding a conservatory is the most cost-effective way of increasing your property’s value.

However, not every improvement will add value so it’s worth researching first, although if you want to make a guaranteed difference to your home’s value, a loft conversion is the way to go despite the high up-front costs.

Solar panels are the only improvement where you lose money in terms of adding immediate value, but if you aren’t looking to sell, you should be able to profit from lower electricity bills on a longer-term basis, and that’s not to mention the obvious environmental benefits.”

Renovation / improvement Added value (%) Estimated average cost UK Average House Price Added value (£) Difference (Added value – cost)
Conservatory

6.0%

£6,675

£234,370

£14,062

£7,387

Kitchen

5.5%

£8,000

£234,370

£12,890

£4,890

All over re-decoration

3.1%

£2,500

£234,370

£7,265

£4,765

Loft conversion

10.8%

£21,000

£234,370

£25,312

£4,312

Boiler / central heating

1.9%

£2,375

£234,370

£4,453

£2,078

Roof

3.1%

£5,750

£234,370

£7,265

£1,515

Bathroom

2.6%

£4,625

£234,370

£6,094

£1,469

Double glazing

3.0%

£6,250

£234,370

£7,031

£781

Landscaped Garden

1.4%

£3,000

£234,370

£3,281

£281

Fitting solar panels

0.5%

£4,000

£234,370

£1,172

-£2,828

Founder and CEO of HaMuch.com, Tarquin Purdie, commented:
Notes to editors: –

  1. Data source for average costs: HaMuch database and the Land Registry.
  2. HaMuch was founded since 2015.
  3. Tarquin Purdie has over two decades of experience working within the trade sector.
  4. Tarquin has been involved, owned and ran a number of businesses across property ownership, plumbing and heating and continues to do so today.
  5. HaMuch is the tradesperson comparison site that finds the best value trades people – based on price and transparency.