4 home improvements that will return the most value

If you’re in the process of planning and budgeting for significant home improvements, it’s worth considering the projects that will also add the most value to your property.  The HomeOwners Alliance share the top 4 projects that will give you the biggest bang for your buck.

Convert your loft

It won’t come as a surprise that converting your loft has the potential to add the most value to your property, not to mention the most obvious place to turn to for more space. But did you know that by spending just £20,000 on converting your loft space could add £40,000 to your property value?

Create an open plan space

Knocking down a wall and creating an open living space is a highly effective way to create more space in the home. But for as little as £3,500 it could return you up to £48,000 on an average London property and £27,000 to the average home in Dorset. While you may need the help of a structural engineer, it’s a relatively simply project and their research shows that the project can be completed in just over a week.

Build a downstairs toilet

It’s not the most glamorous home improvement project but building a downstairs toilet could boost your home’s value by £26,000 for a relatively small cost. It’s also a great idea for big families and those that like to entertain.

Create a garden room

When you run out of space within the walls of your house, what better way to create more rooms by turning to the exterior space? Garden rooms are useful for home offices or in more recent years, gyms but there’s many options on how you use the space. A typical London home could add £10,000 to the property’s value. Most garden rooms should fall under permitted development rights which means there shouldn’t be need for planning permission unless you plan to turn it into a liveable space i.e. as a bedroom with a toilet.