For many homeowners, the primary concern when you’re carrying out work on your property is getting it to a state that you’re happy with. However, it never hurts to think about how the improvements you’re making could add value too.
An article for the Yorkshire Post recently shared advice from the experts responsible for the Build It Live home renovation and self-build show about what projects are likely to provide the biggest boost to a home’s value.
Bathrooms and kitchens are two areas that are worth concentrating on. Where bathrooms are concerned, adding a second bathroom to a home can add between five and nine per cent to your property’s value, Build It Live revealed.
For kitchens, it’s all about having a “modern and attractive fitted kitchen”. This can add anywhere from four to ten per cent to the value of your home, the news provider noted.
However, these kinds of major revamps can be costly, and if you’re planning to move in the near future you may want a less expensive option. If your bathroom suite is looking a little tired or your kitchen work surface has seen better days, you may prefer to pick up surface repair supplies and repair the damage rather than going all in on a new bathroom or kitchen.
But it seems that many of us can be quite lazy in this respect too. Last year, a survey by NFU Mutual found that 16 per cent of people in the UK would rather live with damage than spend money having it repaired.