Some home improvements can add value to your property, but not all, according to Halifax.
The lender has identified which features of a home are considered to add value and create good, first impressions and those that are considered to be undesirable and potentially detract from the monetary value of a property.
Halifax’s valuers have provided details about which home improvements actually add the most monetary value to a property. Key findings of the Halifax research are that limescale or mould build-up is the most undesirable feature of a property according to over 1 in 10 people (11%).
A modern, fitted kitchen adds the most value to a property, according to nearly one third of respondents (29%). A kitchen was also ranked in second place by Halifax’s valuers, who put a loft conversion top in terms of best value for money home improvement.
A well-kept, presented garden forms a good, first impression amongst almost half of people (43%), while over one third (36%) say that if they were to move in the future, it is the sitting room that would appeal to them the most, if it was designed and decorated in a way they liked.