Top three home improvements to boost your property’s value
As well as creating additional space and nurturing aesthetical appeal, home improvements add pound signs to a property. You might not be thinking about selling your home any time soon but that doesn’t mean to say you won’t in the future.
Craft a more practical, stylish and appealing interior whilst giving your property’s value a significant boost, with the following top three home improvements.
A loft conversion
Recent research by the financial services company Zopa shows that a loft conversion is the single renovation that increases the price of a property the most. According to Zopa, the average cost of a loft conversion is £23,700 and adds 13% to the asking price of the property, making an average 70% return on investment.
Converting the loft into a liveable room can be the ideal way to create more space in a home without having to move. Lofts can be used as a number of rooms, such as an additional bedroom, a home office, or a cosy snug for the children.
Homeowners can even convert a loft to rent out the room to a lodger or foreign student and benefit from the attractive tax breaks of etting out a spare room.
Modernise the kitchen and bathroom
They say kitchens and bathrooms are what sell a property, and there is a lot of truth in this statement. These two vital rooms are used daily and need to be functional as well as appealing to be in.
Updating a kitchen or bathroom that has more than passed its sell-by-date will have a huge impact on the aesthetical appeal and practicality of your home.
According to the Zopa study, the average cost of a new kitchen is £17,600. which will bring added value of 10% to a property. The cost to renovate a bathroom is, on average, £13,460 and adds an average 7% to the value of a home.
Having a conservatory installed on a property is one of the most valuable investments a homeowner can make. A conservatory is a cost-effective way to extend a home and create another room. Being made from glass, a conservatory lets in swathes of natural daylight, making it a great space for reading, socialising and working.
Typically overlooking the garden, this highly desirable feature of a property will be reflected in the asking price.
Installing a conservatory on a property is said to add approximately 9% to the asking price.
If you are thinking about improving your home through a loft conversion, conservatory or a new kitchen or bathroom and are unsure where to start, get in touch with Arti Construction. We have years of experience carrying home refurbishment solutions for property owners across London.
Let Arti Construction’s designers and architects help turn your dreams into a reality and give your home’s value a boost in the process with our quality and cost-effective property renovation services.
25 September, 2017
When do you require planning permission?
Carrying out extensive alterations to existing buildings often requires planning permission. Whilst other less prominent changes are typically considered as Permitted Development, meaning you don’t require official planning permission.