Conservatories top extension list for boosting property price
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Conservatories topped a survey of the most financially worthwhile home improvements over the past year.
The HSBC research found that a conservatory boosted a property price by £8,233 on average a year ago, whereas now it adds about £9,420 – this represents a 14 per cent rise, reported The Telegraph.
For those who have added a glass extension with conservatory blinds this figure becomes all the more positive when they take into account that a conservatory was the only home improvement to experience an increase over the past 12 months.
Paul Dockar, head of mortgages at HSBC, said: “Home owners should think carefully about the type and extent of any home improvement works they are planning. Those which enhance the quality of life while retaining broad appeal should be favoured over more individually styled alterations.”
The company’s annual home improvement survey recorded how options such as new kitchens, bathrooms and loft conversions all saw their added-value figure drop.
Mail Online pointed out that keen DIY enthusiasts should also take note of the report, since it found that many home improvements carried out by property owners do not actually add much value to a property, due to the subdued housing market and high cost of materials.
