By When it comes to selling a home in Clifton, Southville or Long Ashton Bristol, it can be tempting for vendors to go ‘all out' to make their house stand out. But not every home improvement will add value.
New research from a popular property portal has revealed the top three home improvements which could add significantly more value to an asking price, than the cost incurred to do the work.*
Garden offices take the top spot
Not surprisingly, the surge in post-pandemic remote workers has placed a garden office in the top spot when it comes to adding value.
Research shows the average garden office costs almost £9,000 to install and will typically add 8.4% to the value of a home. Based on an average UK house price, a garden office could potentially add nearly £23,000 to the asking price, leaving a healthy profit just shy of £14,000.
Good news for garage conversions in Bristol
A garage conversion follows in second place when looking at the most profitable improvements.
A standard garage conversion would set you back approximately £14,500. The research suggests that with the potential to add just over £27,000 to the asking price of an average home, converting your garage could provide an easy £12,500 profit when you sell.
A new kitchen is the third most profitable project in Bristol properties.
In recent years, our kitchens have transformed from a place to prepare a meal, to somewhere we host, socialise and come together as a family. Research has shown that updating a tired kitchen before you sell your home is the third most profitable thing you could do. On average, the cost of a new kitchen comes in at £8,500, with the potential to add nearly £15,000 to the value of a typical UK home.
Contact our team today for more expert advice on increasing the value of your home.
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*Property Reporter
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