Home improvements can add extra property value by breathing new life into your home, but while there are a range of DIY adjustments you can make, some are more impactful than others.
According to the National Association of Estate Agents (NAEA), if your budget can only stretch to renovating one room, that room should be the kitchen. The kitchen is the heart of a home, so it stands to reason that this is the room most buyers focus on. It’s estimated that a new kitchen will improve the value of your property by around 6%. Buyers may also be willing to pay more to save themselves the hassle of buying a new kitchen.
It’s important that the price bracket of your kitchen matches the price bracket of your home. There’s no point investing £20,000 in a new kitchen if your property is worth £200,000 – you just won’t get your money back. Equally, if your house is worth £700,000 or more, but you scrimp on the cost of renovations, you risk dragging the price of your property down. An estimated guideline is between 7.5% and 15% of your property’s value should be the sum you should look to invest in a new kitchen.
In the case of a home renovation project where extension work is involved, it should be the percentage of the expected value that the property will reach having increased the footprint of your home…
Vita Nova Interiors have been specialising in home renovation projects for over 3 decades. From initial consultation to project completion, we are with you every step of the way, offering a very unique & personal level of service. Our client projects are not only finished to specification but to an extremely high standard.
Call us on 01932 558822 or email us at inspire@vitanovainteriors.co.uk to book your initial complimentary consultation in the showroom or if you would simply like to browse our kitchen displays and find out a bit more about us first!
