Home improvements that add the most and least value to your home

During the past year, many homeowners have spent time making improvements to their home, although not all of these improvements will have necessarily added value they have certainly helped us through the stresses of being locked down.

We are a nation of DIY enthusiasts but before you plan your next project consider what will add value to your home. These top three improvements could add an extra 16% value to your home and other changes may not add the value that you thought.

Adding an annexe

Forget about the term ‘granny annexe’, creating a separate area in your home has become increasingly more popular and are being used in a number of different ways. Whether you’re adding a space for a relative to live, an office to work from or a playroom for the children an annexe can actually add up to £15,000 or 5% to the average house price. If you really want to impress potential buyers consider creating a fully self-contained space, this could even bypass the 5% value increase.

Converting the attic

When extending is not possible many homeowners choose to convert their attic for an extra bedroom or even to raise the roof for a whole new floor of living space. This home improvement can add £13,000 or 5% to the average house price. Converting your attic space is often less expensive than an extension and can add that extra space that potential buyers are looking for. If you’re thinking of going bigger than just a bedroom in your attic then research shows that adding a double bedroom and a bathroom could add more than 20% value to your home.

Improving the kitchen

If you’ve always wanted a bigger kitchen then here’s your excuse to go for it! A kitchen extension could add an extra £11,500 or 4% to the average house price. Kitchen/diners are always popular with potential buyers and can improve your current home life allowing you and your family to cook, eat and entertain in a bigger space which is often known as the heart of the home.

Not all home improvement add value but can appeal to potential buyers whilst bringing you joy during your time at home.

Garden accessories, open plan living and garage renovations add the least value so keep that in mind if adding value to your home is your aim for your next DIY project.

Obviously, some home improvements are made for you and your lifestyle however if you are looking to add value then these are the changes to make. If you are curious to see how much your home is currently worth then call our team to arrange a free market-led valuation.