More than half of UK home owners choose to improve their home, rather than move to a new one.
A survey by Barclays Mortgages has revealed just how much UK property owners love their home improvements and that on average home improvements add £9,829 to the value of your home.
A designer kitchen and an en-suite bathroom were voted the two most desirable home improvements, followed closely by a swimming pool.
The best home improvements
When we surveyed estate agents earlier this year, our research revealed that the top three home improvements that will add the most value to your home are; adding a bedroom as an extension; adding a reception room as an extension; and adding a garage.
If you have a smaller budget, our research suggests that an open plan kitchen-diner would get you the best return for the smallest investment. On average, creating an open plan kitchen-diner would cost £1,030, and add around 4% to the value of your property according to estate agents.
Despite a new kitchen being the most desired home improvement according Barclays’ research, our own findings suggest that it won’t always bring you the best return on your investment.
Small cosmetic changes which make your kitchen look smarter are often beneficial, but if you’re planning a large-scale, costly revamp, our research found that it would only add on average 4% to the value of your property.
The worst home improvements
Avocado coloured bathroom suites, woodchip wallpaper and stone cladding were rated the biggest turnoffs by UK homeowners, in Barclays’ survey.
And if you are considering doing any exterior painting on your property then make sure you steer clear of lime green, purple, orange, red and yellow as these are the UK’s least favourite exterior house colours.
Home improvements and DIY
Of course adding value to your home isn’t the only reason to make home improvements. Making more space for an extra member of the family or just a desire to improve your quality of life are all common reasons to call in the workmen or get into DIY mode.
At Which? we have guides on everything from home extensions and renovations to DIY home repairs to help you with the difficult decisions you will need to make when thinking about improving your home.