Thursday 26th June 2008
Figures, from GE Money research and the Land Registry, show that adding a loft conversion can add as much as 12.47 per cent, or £22,898 to the value of a property.
Meanwhile an extension to accommodate an extra room can bump up the price by £19,794.88 (10.78 per cent).
GE Money Home Lending heard of mortgage marketing Gerry bell said that home owners should be sensible when selecting which type of improvement to carry out.
"Before embarking on any improvements, it pays to know which ones will add the most value to your property," he said.
"Region, type of property and location are all factors which will determine which improvement is best for a particular property, with the creation of extra living space continuing to be the best value improvement."
Other improvements that can boost the price include the addition of a new conservatory, kitchen or windows.
©
Request FREE brochures from leading Real Estate Agents on properties abroad.
Enter your details once and we'll search over 15 online insurers.
Compare the Buy to Let Mortgage market with one simple quote form.
Powered by The Money Centre
Read the Know Your Money First Time Buyer guide to help you make the right choice for your new home.
Speak to an FSA regulated impartial mortgage advisor to discuss your mortgage options.
Read the Know Your Money Buy to Let guide to help you make the right choice for your new investment.
