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Not all home improvements will
necessarily add value to your home and some may decrease the price
of a property. So, what are the building and DIY projects which are
more likely to be worth doing?
At the top of the list of improvements, compiled by the
Royal
Institute of Chartered Surveyors, which increase a home’s value
are conservatories, off-road parking, kitchen extensions and, where
there is none, the installation of central heating.
Close behind comes fitting a new kitchen and installing
double-glazing. But owners of older properties with sash windows may
sometimes be better off refurbishing them rather than replacing them
with plastic.
Reinstating period features will increase value to the same amount
as re-doing the roof, adding an extra bathroom or landscaping the
garden.
But sometimes owners can go over the top and spend too much money
when making alterations. A good example of this would be building an
extension which is too large so is out of keeping with the property.
Opening up a fireplace or installing wood floors may add to the
comfort and enjoyment of your home but will usually make little
difference to value when it comes to selling your home.
To be worthwhile home improvements should be in keeping with both
the style of the property and the location which it is in. After
all, no one expects to walk through the front door of a
terraced house and be confronted with the Palace of Versailles.
9th October 2007
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