Home owners can add thousands in value to their home

A recent survey of over 200 of the UK’s leading estate agents across the UK, carried out by leading property specialists movewithus, has revealed the top 14 ways in which home owners can add value to their property ahead of a sale.

Based on the average house price, as reported by the Land Registry*, adding an extra bedroom could increase the value of the average property by just over £14,500. Less expensive options include a simple installation of an alarm system and new conservative decor, which could increase the value of a property by £2,650 and £6,127 respectively.

Most valuable additions to a property:

Rank Addition Typical average value added Added value based on the Land Registry’s average house price
1st Extra bedroom 8.8% £14,572
2nd Loft conversion 7.1% £11,757
3rd Extra bathroom 6.1% £10,101
4th New kitchen 5.8% £9,605
5th Central heating 5.4% £8,942
6th Off street parking 5.2% £8,611
7th New bathroom 5.1% £8,445
8th Conservatory 5.0% £8,280
9th Double glazing 4.2% £6,955
10th New conservative decoration 3.7% £6,127
11th Improve/ landscape garden 3.6% £5,961
12th Insulation 2.3% £3,809
13th Wooden flooring 2.0% £3,312
14th Alarm system 1.6% £2,650

Source: movewithus.co.uk

Robin King, movewithus director, commented: “There are a number of affordable home improvements that can be made to add value to a property, which often results in thousands of pounds more being achieved at the point of sale. Our survey revealed that sellers on a budget can add value to their home with a few low-cost improvements, such as improving the garden or having an alarm system.”

* Average house price of £165,314 – according to the Land Registry, May 2010

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