10 January 2011

Selling your home? Adding an extra bedroom adds nearly £15,000 to your home!

If you are looking to sell your home quickly, then you want to achieve the best price possible. In the current market it is important to make your home stand out from the crowd, and we have researched into the home improvements that buyers look for. We have also looked at how much you could potentially earn through selling your home with added improvements.

Although these tips seem fairly obvious, these have been found to be the most beneficial when it comes to adding value to your home and selling your home quickly. We asked the estate agents that we work with for their opinions, and their answers showed that the following were the best ways to add value:

1. Add an extra bedroom
2. Convert your loft
3. Create an extra bathroom
4. Fit a new kitchen
5. Install central heating

Check out the table below to see the full list of additions to your home, and the value they can add to a property when selling your home, on average.

Most valuable additions to a property:

Rank  Addition  Typical average value added  Added value
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

(based on the Land Registry’s average house price of £165,596)

If you are selling your home, consider whether the amount you could potentially achieve outweighs the initial outlay for the improvement. We recommend that you consult an accredited estate agent, who will be able to give you a full valuation and opinion on your property.

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