Loft conversions tend to add the most value to a house, as it’s an easy place to add an extra bedroom. A loft conversion isn’t the most desirable though, a new designer kitchen or adding an en-suite bathroom are sought after when owners are looking for a new home.
| Home Improvement | Regional Growth |
| Loft conversion | 10-15% |
| Side return/rear extension | 5-10% |
| New kitchen | 5% |
| New bathroom | 3-5% |
| En-suite bathroom | 1-4% |
| Garden room | 5-10% |
| Total cosmetic re-decoration | 5-10% |
*Figures sourced from This is Money. Taken September 2021.
2. Five home improvements that add value on your home;
- Upgrading your ktichen
- Updating your bathroom
- Adding new flooring
- Painting & decorating
- Adding built-in storage space
It’s a good idea to check your credit report on a regular basis, CheckMyFile can be great for this. Your credit score and credit history are amongst the factors that determine what credit you can obtain, including the interest rates. It’s important to ensure the information is accurate and complete in full.
3. Three home improvements that won’t add value to your home;
- Expensive wallpaer or paint
- Losing a bedroom
- Losing a room or garage
4. How can I complete my home improvements?
If you are a homeowner, a home improvement loan can be the perfect way to complete home improvements on your property. Unlike a personal loan, using the benefit of the equity in your property, you can raise a higher amount of borrowing which also tends to be on a lower rate of interest.
For more information, contact us to discuss your options.
