What’s the best way to add value to your home this spring?

Apr 13, 2024

Fortunately, research by an estate agent comparison website1 has revealed some of the best things it believes you can do to have a good chance of a price boost. Here are four ideas:

Home / garden office

The rise of hybrid working has made home offices increasingly desirable. The research suggests that converting a spare bedroom into a purpose-made office or creating office space in the garden can provide a boost of about £9,500. At around £12,000, this can be a costly improvement, but might add around 7.5% (roughly £21,500 for an average UK house) to your home’s market value.

Deep clean

A good old-fashioned clean is a very cheap way to add value! For less than £1,000, you can make your house sparkle, and with an estimated 2.8% added to the market value of your home, a deep clean can be a great investment. Of course, if you take on the cleaning yourself, you could save even more!

Repaint and redecorate

This isn’t guaranteed to make money since colour schemes and home décor are highly subjective. However, the research claims that a good redecoration, for a cost of about £3,000, can add 3.1%  to the property’s value, which means a profit of around £6,000 for an average priced home. Focus on the rooms most in need of a freshen up to minimise costs and maximise gains.

EPC improvements

Improving a lower-rated home’s Energy Performance Certificate (EPC) to at least a C rating will add about 3% to the market value. This won’t come cheap, though, with an estimated cost just over £6,000, leaving you with a possible profit of around £2,500. So, whether it is worthwhile will depend on your specific improvements and how far you can increase the rating.

1GetAgent.co.uk, 2023

As a mortgage is secured against your home or property, it could be repossessed if you do not keep up mortgage repayments.

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