Results from a survey carried out by 100 estate agents across the UK reveal the 10 most common value adding home improvements.
1) Loft Conversion – £22,000
2) New Extension – £19,000
3) New Kitchen – £10,000
4) New Conservatory – £9,000
5) New Windows – £6,000
6) Central Heating – £5,000
7) New Bathroom – £5,000
8) Re-decoration – £4,000
9) Resurfaced Driveway – £3,000
10) Garden Decking – £3,000
Home Improvements can be a very successful future investment. Figures above are based on typical value and are dependant on the capital invested in your home.
Not only can home improvements add a substantial increase to the value of your property, they also act as a very practical enhancement to your property, especially if you have a growing family or are not wishing to actually move away from where you currently live, as it maybe close to family and friends.
In the table above, the fitting / installation costs have been remove to show the real or true equity increase. i.e. a new Loft Conversion could cost £18,000 and could increase your property value by £40,000, so a true equity value increase, after costs, of £22,000
and similarly,
A new Extension could cost £30,000 and could increase your property value by £49,000, so a true equity value increase, after costs, of £19,000
A new Kitchen could cost £8,000 and could increase your property value by £18,000, so a true equity value increase, after costs, of £10,000
A new Conservatory could cost £8,000 and could increase your property value by £17,000, so a true equity value increase, after costs, of £9,000
New Windows could cost £8,000 and could increase your property value by £16,000, so a true equity value increase, after costs, of £8,000
New Central Heating could cost £7,000 and could increase your property value by £12,000, so a true equity value increase, after costs, of £5,000
A new Bathroom could cost £4,000 and could increase your property value by £9,000, so a true equity value increase, after costs, of £5,000
Thank you for spending a little of your valuable time with me.
Sincerely,
Don Fenton
(AKA) Mr. Done Right
For more information on handyman or contractor work in the greater Austin area (or beyond), please contact your premiere handyman, Don Fenton, AKA Mr. Done Right Handyman of Austin, because Mr. Done Right ensures any repairs and/or remodels get Done Right the first time! Call us now for a free estimate! 512-659-8931
www.Handyman-Austin.com
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