With an increase in house prices, more and more people are looking to improve and invest in the home they already own. This can not only improve wellbeing; it can also increase the value of a home which can make moving to a more expensive property easier if they do decide to sell. There are various home improvements that can add value to a home including adding an extra bedroom, renovating a kitchen or bathroom, creating a driveway or adding extra living space with a conservatory or extension.
Does a conservatory add value to a home and what should you avoid?
A conservatory can be a great, cost effective way to add value to your home. A well-built conservatory that costs around £10,000 can add 5% to the value of a property which is at average around £15,000. Although a badly built conservatory can reduce the value of a property. A conservatory needs to be aesthetically pleasing and fit with the rest of the property, a bespoke conservatory will be a larger investment but is likely to add more value. The size of a home’s garden will also impact the value of a home so it’s important to consider how much space the conservatory will use and whether it will reduce value due to the decrease in garden space. A conservatory should connect the inside to the outside and look seamless between the two.
Deterring potential buyers
A cheap looking conservatory can also deter a potential buyer from purchasing a property altogether. If it isn’t aesthetically pleasing it may take away from the whole look of the property, it may also require maintenance more frequently which the buyer will need to consider. A cheap conservatory also may not offer the various benefits a good quality conservatory does such as being able to be used all year round or have as good security features.