Results from a survey carried out by 100 estate agents across Europe reveal the 10 most common value adding home improvements.
1) Loft Conversion - 22000 E
2) New Extension - 19000 E
3) New Kitchen - 10000 E
4) New Conservatory - 9000 E
5) New Windows - 6000 E
6) Central Heating - 5000 E
7) New Bathroom - 5000 E
8) Re-decoration - 4000 E
9) Resurfaced Driveway - 3000 E
10) Garden Decking - 3000 E
Home Improvements can be a very successful future investment. Figures above are based on typical value and are dependent on the capital invested in your home.
In the table above, the fitting / installation costs have been removed to show the real or true equity increase. i.e. a new Loft Conversion could cost 18000 euros and could increase your property value by 30000 Euros.
A new Extension would cost 30000 euros and could increase your property value by 45000 euros.
A new Kitchen could cost 8000 Euros and could increase your property value by 15000 euros.
Not only can home improvements add a substantial increase to the value of your property, they also act as a very practical enhancement to your property, especially if you have a growing family or are not wishing to actually move away from where you currently live, as it maybe close to family and friends.
Mr ATC for another idea of housing!
ATC for another idea of housing
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