Which Major Home Improvements Have the Biggest Impact on Home Value?

Home Improvement Report 

 

We have had a look at a variety of home improvements, including major renovations and smaller upgrades to determine the impact they could have on the value of your home. Pulling data from sites like Zoopla, we have determined which improvements may be worth your time, and which may not be worth the time or money.  

Which Major Home Improvements Have the Biggest Impact on Home Value? 

Of all the major home improvements, a loft conversion (£35,000 cost) has the highest estimated impact on the property value of a whopping 20%. In second place is a landscape upgrade (£12,000 cost), which will give a 16% estimated impact on the value of the property. 

 

Getting an extension (£40,000 cost) and changing to open-plan living (£25,000 cost) both have a 15% estimated impact on property value. After that, creating a home office (£3,000 cost), getting new windows and doors (£12,000 cost), installing solar panels (£7,000 cost), and getting a driveway (£4,000 cost) have an estimated 8% property value impact.

 

Sitting in the middle of the pool, we have a kitchen renovation (£10,550 cost) and a conservatory (£15,000 cost) having an estimated improvement of just 7%. Both a bathroom renovation (£5,000 cost) and smart house wiring (£6,000 cost) only have a 4% estimated impact on the value of the average £300,000 property.

 

Major Home Improvements With the Lowest Home Value Impact

The major home improvement with the lowest home value impact is getting a new roof. This has just a 1% estimated impact on the value of the property despite it costing an average of £5,500. In second place is underfloor heating, with a small 2% estimated impact on property value and a cost of £5,000. 

 

HVAC installation has just a 3% impact, and installing a CCTV system (£3,500 cost), a downstairs toilet (£1,750 cost), and an en suite (£3,000 cost) all have a minor 4% estimated impact. 

 

Which Major Home Improvements Have the Best and Worst Return on Investment (ROI)?

The ROI for these major home improvements may surprise you. Landscape upgrades can have an ROI of £36,000, a loft conversion of £25,000, and a home office an impressive £21,000. Open-plan living and a driveway can have an ROI of £20,000, and solar panel installation £17,000. 

 

The worst ROI major home improvements you could opt for based on the average £300,000 house include adding a swimming pool (-£4,000), and a new roof (-£2,500). Underfloor heating only gets an ROI of £1,000, and an extension of just £5,000. 

 

Which Major Home Improvements Are the Most Popular?

In order from most to least popular, here are the most popular MAJOR home improvements and their respective scores, where 10 is popular, and 1 is unpopular:

• Home Office – 9
• New Windows and Doors – 9
• Kitchen Renovation – 8
• Bathroom Renovation – 8
• Extension – 6
• HVAC Installation – 6
• En Suite – 6
• Smart Home Wiring – 5
• Downstairs Toilet – 5
• Landscape Upgrade – 4
• Solar Panel Installation – 4
• Open-Plan Living – 4
• CCTV System – 4
• New Roof – 3
• Conservatory – 3
• Loft Conversion – 3
• Driveway – 2
• Underfloor Heating – 2
• Swimming Pool – 1
  

Small Home Improvements With the Biggest Impact on Home Value

Painting & decorating (£2,000 cost), a new kitchen worktop (£1,250 cost), new internal doors (£2,000 cost), and Bluetooth speaker installation (£1,500 cost) will all boost your home value by 1%. Changing the plug sockets for USB chargers (£100 cost) has the smallest impact on the estimated impact on property value, at just 0.10%. 

 

Both installing a smart thermostat (£250 cost) and a bathroom vent fan (£450 cost) will increase the estimated property price by just 0.20%. Similarly, small home improvements such as changing the kitchen splashback (£500 cost), adding wall panelling (£500 cost), and installing a water filter under the sink (£400 cost) only have a 0.25% estimated property value increase. 

 

Getting a new front door (£1,000 cost) will increase the estimated property value by 0.50% while adding a skylight (£1,000 cost) will have an estimated increase in property value of 0.75%. 

 

The single small home improvement with the best ROI is installing a new kitchen workshop (£1,750), and Bluetooth speaker installation is in close second place (£1,500). The improvements with the worst ROI include installing a bathroom vent fan (£150), changing the plug sockets for USB chargers (£200), and wall panelling (£250).

 

Which Small Home Improvements Are the Most Popular?

In order from most to least popular, here are the most popular small home improvements and their respective scores, where 10 is popular, and 1 is unpopular:

• New Kitchen Worktop – 8
• Change Plug Sockets for USB Chargers – 8
• Painting & Decorating – 7
• Change Kitchen Splashback – 7
• Install a Smart Thermostat – 7
• Skylight Installation – 5
• New Internal Doors – 5
• Wall Panelling – 5
• Under Sink Water Filter – 5
• New Front Door – 4
• Bluetooth Speaker Installation – 4
• Install a Bathroom Vent Fan – 3
  

Which Interior Design Styles Are Valued the Highest?

Based on data gathered from Zoopla, the average price of houses varies greatly depending on the interior design style. Each interior design trend was searched on Zoopla, and we found that the average house prices based on the design keyword are as follows:

• Shabby chic – £480,000
• Scandinavian – £425,000
• Mid-Century Modern – £385,000
• Art Moderne – £320,000
• Bohemian – £300,000
• Contemporary – £290,000
• Rustic – £285,000
• Minimalist – £277,000
• Vintage – £263,000
• Industrial – £250,000
• Eclectic – £242,000

Summary

If any of the above-mentioned home improvements appeal to you, why not stop by TradeBase and get started on planning one? These home improvements could impact the value of your property massively but always bear in mind the costs and estimated ROI based on the average £300,000 property. 

 

Not only that but remember that interior design trends can also play a huge role in the value of your home. So, if you are planning on selling your house, make sure that you get everything up to snuff, and you could be looking at some big money! 

Sources

https://loftera.co.uk/kitchen/new-kitchen-cost/ 

https://www.zoopla.co.uk/