The UK is currently experiencing a surprisingly buoyant property market. We say surprisingly as many experts earlier this year predicted the complete opposite! If you’re thinking of selling, which are the best DIY home improvement projects that will help to boost the value of your home?
Brits up and down the country are taking advantage of the very generous stamp duty holiday offered by the government. This has in no small part helped to push house prices to an all-time high with the average home now worth £245,747.
Mortgage lender Halifax said property prices were 5.2% higher than the same month a year earlier and property values were up by 1.6% month on month. While lockdown and furlough have meant many of us have spent more time in our homes than ever before, this has provided Brits with ample time to evaluate our homes.
In light of this, Brits are now looking at which DIY home improvement projects could help add value to their properties.
Powered Now has unveiled national research into the most popular projects the nation has been looking to commence, post the easing of COVID-19 lockdown restrictions, in order to add extra value to properties, in a time of record highs.
The research has suggested that Brits are certainly not allowing the pandemic to get in the way of their home improvement aspirations.
- 18% of Brits are planning to commence DIY home improvements after the COVID-19 lockdown
- 33% of those agreed they were looking to commence a landscaping or gardening refurb, amounting to 3 million renovations
- 20% agreed have employed a plumber to redo their bathrooms, equalling 1.6 million refurbs
- 20% agreed have employed a tradesperson to redo their kitchen, equalling 1.6 million renovations
Ben Dyer, CEO of Powered Now – a mobile-based billing, invoicing and quotation application which specialises in trades – has offered insight from the trades on the top three home improvements that everyone could do to help push house sales over the finishing line.
Landscaping the garden
“From my experience, garden landscaping is the number one home improvement project that has the potential to add up to 20% value to your home. A decent-sized shed can add valuable living space to your garden, and good quality paving is also a desirable factor for prospective buyers.”
Renovating the kitchen
“An inviting kitchen at the heart of the home is essential for increasing value. A new kitchen which makes the most of the space can add up to 10% value to your home. Even small changes such as new tiles or a lick of paint here can make a world of difference.”
Refurbishing the bathrooms
“An outdated bathroom is one of the biggest reasons a prospective home buyer could be put off from a property. Consider neutral fittings and replacing unfashionable tiles to add up to 5% value to your home.”
Read more property-related articles in our dedicated section here.