London’s home improvement is rising, with local councils saying that they had an increase in planning permission request of 29%. This number has increased in the past 2 years as households came to terms with the global pandemic and working from home, adjusting their lifestyles. Apart from the changing circumstances, there are significant challenges with moving house.
Choosing to create the space you need without moving comes with significant emotional and financial benefits. You can choose to convert your attic, get your home extended, transform your basement, or refurbish your home. Renovating your home is an economical way of adding style and changing your home into the space you have always wanted. Another value-add is the rise in your property’s value.
More and more households in the UK prefer to improve their homes for various reasons, either converting their lofts, extending their homes, remodelling kitchen and bathrooms, but the most common reasons are
Here, we have put together the actual value add of a home improvement project. Bear in mind that this information is to act as a guide and not as an authority.
There are 4 common types of extension in the UK; side return extension, wrap-around extension, single-storey extension, multi-storey extension.
There are 5 types of conversions; mansard, dormer, hip to gable, velux, and gambrel.
Other value-boosting renovations,
Kitchen improvement increases your property’s value by 5.5%.
An Extension with kitchen and diner – 10.8%
New roof – 3.1%
Basement – 6.7%
Central heating system – 1.9%