A recent study by Flooring Superstore analysed Rightmove listings and collaborated with property experts to find out which home improvements could add the most value to a property. Their research found that extensions, loft conversions, new kitchens or bathrooms, real wood flooring, and having a designated home-working space are some of the features that add the most value to a property. The research suggested real wood floors and underfloor heating were most likely to have a positive impact on property prices in London, Manchester, Liverpool, Birmingham, and Leeds.
However, during the research, the property experts also found which features could potentially “put off” a buyer.
Having a bath in the main bathroom of a property could add two percent to the value of a home.
But not having a bath could potentially sway a sale depending on the buyers’ personal preferences.
Kev Tilley from online mortgage advice website Mortgageable.co.uk claimed that not having a bath could be a potential “put off” for buyers.
He explained: “In recent years there’s been a trend for wet rooms and shower-only bathrooms and as a result many homeowners have opted to remove their baths completely.
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Home improvements that modernise, improve the condition of a home or add interest also increase the value of a property.
A well-maintained garden, new bathroom, new kitchen, and driveway were all ranked in the top five.
New windows and doors, restoring original features, open-plan living, having a designated home-working space, and underfloor heating also made it into the top 10.
Aspects that added some value included real wood floors, artificial grass in the garden, a balcony, real grass in the garden, approved planning permission, smart home wiring, and having a bath in bathroom as well as a shower.
Loft conversions / extension – 17.5 percent
Well-maintained garden – 12.5 percent
New bathroom – 10 percent
New kitchen – 10 percent
Driveways – 10 percent
New windows and doors – 8.8 percent
Restoring original features – 7.5 percent
Open plan living – 7.5 percent
Designated WFH space – 7.25 percent
Underfloor heating – five percent
Real wood floors – 4.5 percent
Artificial grass in garden – 3.5 percent
Balcony – 3.5 percent
Real grass in garden – 3.5 percent
Approved planning permission – 2.5 percent
Smart home wiring – 2.5 percent
Bath in bathroom (not just shower) – two percent
Working fireplace – zero percent
Outstanding planning permission – zero percent
Solar panels – zero percent