Did you know you can improve house value with various home improvement methods? But what home improvement adds the most value? That is what we will be answering in this article.
However, as well as answering this question, we also want to provide as much value as possible by looking at three of the main home improvement methods, discovering what they are, how much value they can add to a home as a percentage, and showing you some examples of real home improvement projects that added value to a property.
Improve House Value With Home Renovation
Renovating your home can be a great way to fall back in love with your home. Home renovation can make homes bigger, alter the layout of your home, and even create new rooms. It’s for these reasons that home renovation is a popular home improvement method. In addition, a home renovation is also a good way to improve your home value.
Choosing to renovate your home isn’t as simple as it may sound as there are several different ways to do it. First of all, the extent of a home renovation is determined based on the scale of the project. For example, the biggest renovation of a home improvement project is usually an entire home renovation where the whole house, including all rooms, is renovated. Or you can have smaller renovation projects, such as a kitchen renovation or bathroom renovation.
How Much Value Does a Home Renovation Add
How much value a home renovation can provide is dependent on the type of home renovation. As you can imagine, larger and more impressive home renovations will typically yield a higher added value than smaller renovation projects.
Every home improvement project is different, so here are some estimated value percentages based on different home renovations:
- Kitchen Renovation: Up to 10%
- Bathroom Renovation: Up to 5%
- Basement Renovation: Up to 20%
- Creating Open Plan Layout: Up to 15%
- Simple Redecorating: Up to 5%
Case Study: Home Improvement Service Leads to Extra Value Added for Home
At this home, we were engaged to transform this home from the inside out! As an extensive home improvement project, this renovation involved creating a large open plan kitchen, diner and snug room. To do this, we removed internal walls to create the open plan layout and also fitted a new kitchen.
This multi-room renovation would then see a good chunk of added value to the home as a result of our impeccable work completed to the highest standard.
Add Value With a House Extension Home Improvement Project
When considering what home improvement adds the most value, home extensions often top the list. A well-designed and well-built extension can provide a home with the extra space it needs, whether that’s through expanding the kitchen, living area or even adding an extra bedroom.
Beyond simply adding space to a home, a house extension can increase house value significantly, making it an ideal home improvement project in terms of making a home more functional and being a smart investment.
Types of Extensions and How Much Value They Add
Similar to home renovations, the value added by a home extension can vary depending on the scope and design. For example, a small single-storey extension may expand the kitchen area, but a double-storey extension could add an extra bedroom and bathroom, making a drastic difference in added value between the two options.
Here are the estimated added value for both types of extension home improvement projects:
- One-Storey Extension: Up to 10%
- Two-Storey Extension: Up to 20%
The possible value that can be added to a home following an extension is just one of the differences between a single- and double-storey extension.
Case Study: Adding Value With a Stunning Single-Storey Extension
Our team were called in to help transform this former 200-year-old Baptist chapel into an incredible, modern home. After being converted into a habitable living space, extra work was needed to make this property a suitable home. Seeking more space, the client asked us to extend the property with a stunning rear extension.
This single-storey extension in Norwich is a true testament to what can be achieved with a little extra space. As one of our larger single-storey extensions, this home improvement project will see a significant increase in value.
Increase Your Home Value With a Loft Conversion
Another highly effective way to increase house value with home improvement is via a loft conversion. Lofts are often overlooked regarding the available space in your home, which makes loft conversion so sought after. Through a loft conversion, you can turn wasted space into an extra functional living area for your home. Not only does this home improvement project utilise existing space, but it also does so without increasing the house’s footprint.
How Much Value Does a Loft Conversion Add
When asking what home improvement adds the most value, loft conversions are, for some, the go-to answer. It’s clear why this is the case as a loft conversion could add up to 20% value to a home. This means that converting the loft is one of the most lucrative home improvement services available.
Answered: What Home Improvement Adds the Most Value
From this list of what home improvement adds the most value, we can see that a few stand out as the best options. These are basement renovations, double-storey home extensions, and loft conversions. With the possibility of adding up to 20% value (or even more depending on the project), it’s these large-scale home improvement projects that should be on your radar.
As well as sharing the fact that these home improvement projects are complex and require the help of a construction company to pull off, they all have one thing in common, which is their ability to add more rooms to a home. As a good amount of space is what anyone wants from a home, by adding more rooms, you’re fulfilling that desire with these home improvement projects.
This goes without saying, but it’s worth remembering that only well-executed home improvement projects will increase house value. A poorly built home extension or a messy and unprofessional home renovation could have the reverse effect and bring the value of your property down. So if you’re looking for ways to increase house value, be sure to use a professional’s home improvement services to get the job done.
Final Thoughts on Home Improvement and House Value
There is a wide range of ways you can improve your home value through home improvement. Even if you don’t expect to be selling your property anytime soon, it’s nice to know that you’ve raised the value of your home from when you first bought it.
If you’re wondering who to work with on your home improvement project, Bespoke Construction Group are the go-to choice for homeowners in the East of England. Not only do we create high-end living spaces that match our clients’ preferences and styles, but we also know how to improve a home so that it will appreciate in value as time goes on.
To understand how we do this, reach out to our team today.
