Hot off the press!

The property improvements that add value, and the ones that don’t.

August 22, 2018

Research by GoCompare Home Insurance has shed some light on the improvements that add value to a property, and those that could leave you out of pocket..

Some of the most profitable projects for homeowners seeking to increase the value of their property include installing a new boiler or central heating system, improving energy or home security improvements, or creating off street parking. Redecorating, laying new flooring, and updating a bathroom may *slightly* increase the value of a property, however the costs of doing so generally outweigh any potential profit.

The research found that 26% of home improvements are undertaken specifically to add value to a property with popular renovations including: interior redecoration (53%), fitting a new kitchen (42%), replacing flooring (38%), installing a new bathroom (36%), a garden makeover (36%), installing new double glazing (29%), installing new central heating or boiler (28%). Other works undertaken were: improving insulation (16%), knocking through rooms to create an open-plan space (16%), fitting solar panels (9%) and adding a conservatory (8%).

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