The nation's most wanted home improvements

Home Improvements 2019-5-23
The nation's most wanted home improvements.jpg

5 of the most popular home improvements for Brits

According to our research, many of the top status symbols admired and sought after by Brits are related to our homes, so we take an in-depth look at the 5 most popular.

5. Wine cellar

Wine cellar

How much does it cost?
That really depends on your home. If you already have a cellar or basement, it shouldn’t be too difficult or costly, but you will need to ensure the temperature and humidity are suitable. Plus there’s the cost of turning it into a room you want to visit, if it’s not already. If you don’t have the space, you can turn any room into a wine ‘cellar’, but it will cost you more to get and maintain the right conditions.

Of course, none of this takes into account the cost of stocking the cellar, which could be very costly.

Will it add value to my home?
According to Spiral Cellars prices range from £14,320 to £68,750, so they’re not cheap to install, and although the right person might be quite willing to pay more for their dream wine cellar, it’s still a rather niche market. Make sure it’s something you’re really going to make use of.

4. Double garage

How much does it cost?
According to Rated People, a double garage can cost anywhere between £7,000 and £13,000 depending on size and style. Obviously costs will vary if you’re extending a current single garage or if you already have a building and are simply transforming it into a functional garage.

Will it add value to my home?
It has been reported that a single garage could add 11% to your property price, and a double garage 20%.

3. Real wood flooring

Wood flooring

How much does it cost?
Entirely depends on the area you’re planning to do. Is can be more costly than alternatives such as vinyl or laminate, but experts say it also lasts longer.

Will it add value to my home?
According to the experts, hardwood floor will add value to your home over alternatives such as laminate or carpet. It is believed to last longer as it can be treated and usually can be sanded to restore when it starts to look tired. Plus, it's very 'in' right now, so if you're planning to move on soon it could be a real selling point.

2. Log burner

How much does it cost?
According to Which, the average cost for installing a log burning stove is almost £1,900, but as with everything, is depends on your home and your style.

Will it add value to my home?
Somewhat surprisingly, it’s unlikely to really add value unless it starts a bidding war that hikes up the price due to the current popularity of wood burners. The real value here could be with savings made on heating bills, with the recent Which study showing 36% of owners claiming it saves them money.

1. Walk-in wardrobe

How much does it cost?
There’s a lot more to achieving a walk-in wardrobe than finding some space. Even if you have a spare room that is perfectly suited, it can take a great deal of design to turn it into somewhere suitable for storing everything from clothes to shoes and accessories. Cupboards, shelving and racks are essential, and if you really want to make the most of the space you could need to get a professional involved.

Will it add value to my home?
Everyone needs more space in their home, so it could go down really well with prospective buyers. Just keep in mind that giving up a bedroom in order to create a walk-in closet space could actually do more harm than good. It could be wise to get some advice from a property expert before you make the switch.

If this article has inspired you to update your abode, spread the cost with our dedicated Home Improvement Loan. Our low cost loans are available from just 3.3% APR Representative between £7,500 and £25,000. 

Sources:
www.spiralcellars.co.uk/price-lists/
www.ratedpeople.com/budgets/costs-renovation/costs-renovation-new-build/double-garage-two-cars
addictedtoproperty.co.uk/add-value-with-concrete-garage/
www.express.co.uk/life-style/property/782401/selling-your-house-type-of-flooring
www.express.co.uk/life-style/property/840473/wood-burning-stove-fitted-kitchen-property
www.which.co.uk/news/2017/12/is-buying-a-log-burner-or-multi-fuel-stove-worth-the-cost/

Hitachi Hints and Tips is intended to be informative and interesting. It does not constitute financial advice, and you should always do further research when making any financial decisions. All information was correct at date of publication.

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