When people are considering making renovations to their home the thought of adding value to the property can be an important factor. However, experts have found that while most improvements will increase the potential asking price, the added value is not always greater than what was spent in the first place. The insurance comparison website, GoCompare, teamed up with property expert Henry Pryor, to identify the upgrades that are really worth the money – and you may find the results surprising.
According to the experts, the most profitable home improvement is installing a new boiler for a cost of less than £2,000, which is estimated to add £8,000 in value, making a profit of £6,000. In contrast, the study found that updating kitchens and bathrooms is unlikely to add more value than the cost involved. For example, at an average cost of £7,000 a new kitchen will add £4,000 in value, while spending £4,250 on a new bathroom will add just £2,000.
Investing in a new boiler is clearly a good investment and homeowners can maximise that investment by choosing a boiler that combines industry-leading efficiency and ease of installation. Here at GRT heating and gas services our experts are on hand to advise the best boiler to suit your homes needs. Our boilers come with a ten year warranty and use the latest in technologies to ensure the maximum savings in energy consumptions are made.
If you require any further information get in touch, we shall be happy to help.