HSBC believed that a loft conversion was likely to add the most value to a home – providing an average boost of £20,876. Re-carpeting your property was thought to add just £2,153 to a property’s value, the lowest boost of all the home improvements. In fact, 38% of the valuers said that fitting new carpets would add no value at all to a property’s price.
Here are the full figures...
Home improvement |
Average increase in property value |
Percentage of property valuers who stated no increase in value |
Loft conversion |
£20,876 |
1% |
Room extension |
£16,069 |
0% |
Conservatory |
£8,233 |
5% |
New kitchen |
£5,617 |
10% |
New windows |
£5,265 |
8% |
New bathroom |
£3,351 |
15% |
Redecorate house |
£3,229 |
35% |
Re-surface driveway |
£2,876 |
23% |
Re-carpet house |
£2,153 |
38% |
Source: HSBC