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The best ways to increase the value of your home

PUBLISHED: 11:39 12 July 2010 | UPDATED: 17:31 20 February 2013

The best ways to increase the value of your home

The best ways to increase the value of your home

New Survey reveals how Home Owners can add over £100,000 to the value of their home.

NEW SURVEY REVEALS HOW HOME OWNERS CAN ADD OVER 100,000 TO THEIR HOME


A recent survey of over 200 of the UKs 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 Registrys average house price of 165,596



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




The best way to add value for under 100:


























OPTION



ranked



Clean it



1st



Hide all the clutter



2nd



Freshen up the paintwork



3rd



Tidy the garden



4th



In contrast, the survey also revealed the top things that would devalue a house:


The most common factors that devalue a house:


































OPTION



ranked



Structural damage



1st



Extreme mess



2nd



Damp



3rd



Poor or personalised decoration



4th



Strong and unpleasant odours



5th



Overgrown garden



6th



Source: movewithus.co.uk


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