Which Home Improvement Adds Most Value?

Choosing to renovate your home not only allows homeowners to enjoy living in a property that better suits their needs and style, but it has the added benefit of boosting the value of the residence. So, what home improvement job should you undertake to increase its asking price as much as possible?

According to Rated People, the project that added most value to a property last year was building a self-contained annexe, typically boosting the price by £14,385. The second most profitable home improvement job was a loft conversion, adding £12,951 to the asset. This was followed by a kitchen extension for a large open-plan kitchen-diner, which resulted in a £11,514 hike in value.

It appears that creating more space is the biggest earner for homeowners, perhaps as a result of people spending more time at home during the pandemic.

“Lots of us want to add space to our homes in 2021, and jobs such as building an extension, adding bespoke storage and knocking walls down to create an open-plan, multi-functional space are amongst the top jobs planned,” Rated People’s Home Improvement Trends Report 2021 revealed.  

It also reported that 25 per cent of people in the UK are keen on moving to a bigger home, and are willing to pay £14,000 extra for somewhere with an annexe. 

Something that will also add value to a home is underfloor heating solutions, which not only warms up a room evenly, but is also more energy-efficient, saving homeowners on their fuel bills.