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3 clusters · 16 sources · 12 days · First seen · Last updated

UK home renovation and property value trends

Overview

UK homeowners continue to focus on property renovations to enhance market value, with research indicating that 24% of individuals are sacrificing holidays to fund these improvements.

Specific interior updates, such as strategic bathroom styling, can impact marketability. Experts suggest that omitting certain features like bathtubs can reduce a home’s selling price by up to £11,000 and extend time on the market by approximately two months. Recent insights from Samantha Lawson, a senior bathroom designer at Drench, note that 45% of British buyers consider the absence of a bath a dealbreaker due to growing demand for wellness spaces. Conversely, Katie Cromwell, founder of No. 86 Estate Agency, suggests that full bathroom renovations using high-quality, neutral aesthetics can increase a property's value by between 3% and 5%.

Larger structural changes may offer higher returns on investment. For example, adding a bedroom through a loft conversion or extension can potentially increase a three-bedroom home’s value by up to 24%. Beyond interior work, exterior upgrades like durable fencing and improved curb appeal are noted for providing a strong return on investment.

Specialists advise addressing structural issues like damp, roofing, or plumbing defects before undertaking cosmetic work. Even smaller-scale improvements, such as installing decorative hooks or cabinet hardware for under $35, can refresh interiors. For those managing construction-specific risks, the use of specialist insurance is recommended to cover issues that standard policies may not address.

Entities

Drench · UK property market · Liv Conlon · Benjamin Moore · No. 86 Estate Agency

Timeline

  1. 27 days ago

    [BUSINESS] 3 sources
    Bathroom renovations can increase property value

    Experts suggest that high-quality bathroom renovations can add 3% to 5% to a home's value, noting that retaining a bathtub is particularly important for many buyers.

  2. 29 days ago

    [CULTURE] 13 sources
    Home renovation trends focus on property value and restoration

    Homeowners are increasingly investing in renovations to boost property value, from minor hardware upgrades to major structural changes like loft conversions and rural architectural restorations.

  3. about 1 month ago

    [CULTURE] 4 sources
    Luxury Bathroom Trends Reduce UK Property Values

    Drench research says missing bathroom features can cut UK home values by £11,000; styling tips from Liv Conlon and dark paint ideas offer affordable ways to boost appeal.

Sources

amazon.nl · blog.renovationfind.com · bustle.com · evere.co · filmdaily.co · homesandgardens.com · housetohome.co.uk · internimagazine.com · luxurylondon.co.uk · mcvayplumbing.com · momlifehappylife.com · openwater247.com · sociallifemagazine.com · thepinnaclelist.com · therockfather.com · urbanasian.com

This summary has been updated 2 times: see revision history