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PM announces COVID-19 Winter Plan

23 November 2020

Boris Johnson, today, 23 November, announced in Parliament, a COVID-19 Winter Plan which provides a roadmap out of national lockdown in England from 2 December. Read More...

Help for homeowners caught up in unsafe cladding process

23 November 2020

The External Walls Systems 1 (EWS1) form will no longer be required for owners of flats in buildings without cladding to sell, rent, or re-mortgage a property, as announced on 21 November by the UK Government in an agreement reached with the Royal Institute of Chartered Surveyors (RICS), UK Finance and the Building Societies Associations (BSA). Read More...

Homes moves guidance from the Scottish Government

20 November 2020

From today, 20 November, certain areas in Scotland have moved into Level 3 and Level 4 measures, and whilst home moves and other activities related to the property market can continue, they must be carried out safely, referring to the guidance at all times. Read More...

New Presidential team announced ready to champion members' needs

19 November 2020

Following a rigorous process, NAEA Propertymark is pleased to appoint Liana Loporto as President Elect and Stephen McCarron as Vice President. Two passionate estate agents who have a wealth of experience to share with the organisation, will join Kirsty Finney, NAEA Propertymark President, to form the new Presidential team. Read More...

The future of referral fees - your questions answered

19 November 2020

James Munro, Head of the National Trading Standards Estate and Letting Agency Team (NTSELAT), shed some light on their recent report to Government on referral fees and what the future holds in a Propertymark webinar, highlighting all agents should be following the guidance. Read More...

Consultation announced for improving energy performance for all homes

18 November 2020

Today the UK Government has announced its intention to start a consultation on how regulation can help improve the energy performance of homes in England and Wales. Read More...

'Doer-uppers' spent £48 billion on improvements

Monday 01 April 2019

As National Home Improvement Month begins, NAEA Propertymark reveals UK homeowners have spent a total of £48 billion doing up their homes over the last five years – an average of £8,000 each.

With growing house prices making it difficult for many to move up the ladder, 98 per cent of homeowners have made improvements to their properties over the last five years. The most popular changes are redecorating (72 per cent), adding new flooring (42 per cent), landscaping the garden (40 per cent), and a bathroom refresh (34 per cent).

The cost of home improvements

One in 14 (seven per cent) homeowners who have made improvements did so because the cost of moving was too high. However, home improvements don’t come cheap; a new kitchen costs a fixer upper £5,635 on average, installing a conservatory to open the living space costs £4,957 and building a garage comes with an average price tag of £4,526.

Home improvement motivation

The majority (55 per cent) of those who made home improvements did so to improve the look of their home and a quarter (23 per cent) thought doing up their property would be a good investment and add value. A further one in five (19 per cent) bought a fixer upper on purpose, with the intention of making improvements, whereas one in eight (12 per cent) wanted to create more space.

However, the rising cost of living means not everyone can undertake the improvements they want to make immediately. More than a third (37 per cent) of UK homeowners want to redecorate in the future, and a quarter (27 per cent) hope to add a new kitchen. Some have more zealous aspirations in mind; four per cent want to build a home-gym and three per cent plan to install a swimming pool.

Mark Hayward, Chief Executive, NAEA Propertymark, says: “Homeowners are renovating and improving their properties for various reasons. Our needs are constantly changing and by investing money into our homes, we can really make the most of what we’ve got. Alternatively, improvements can add value and saleability to a home that’s going onto the market.

“If you’re making improvements to add value to your home, it’s important to not over-personalise the décor so it appeals to future buyers; they need to be able to see themselves living in your home. If you’re looking to sell, a Propertymark Protected agent will be able to guide you through the process and help ensure your property ticks all the right boxes for potential buyers.”

NAEA Propertymark’s 10 top home improvement tips to increase the value of your home:

  1. Redecorating and easy upgrades
    Redecorating is the most popular home improvement; for a relatively low cost, you can give your home a lick of paint and do some general upkeep. Fresh paint in modern colours can go a long way to giving your home a new lease of life.

  2. Makeover the kitchen
    Potential buyers often put a lot of their focus on the look and feel of a kitchen, and it may be the first thing they look to replace if they’re not satisfied with what is already installed. Painting units or replacing cupboard handles or doors are a cost-effective way of giving your kitchen a noticeable refresh without spending too much money.

  3. Adding or updating a bathroom
    In the bathroom, replacing tiles and re-grouting, eliminating all lime scale and replacing taps are all options worth considering. Bathrooms need to be fresh and clean, so make sure the walls are a neutral shade, and ideally replace a shower curtain with a new one or a simple glass screen. Pinterest is a great platform to find ideas and inspiration.

  4. Garden appeal
    A tidy and well-designed garden is an attractive selling point for any property. Before any viewings, trim the borders, clear the pathways and cut back any overgrown trees or bushes.

  5. Double glaze the windows
    Double glazing is an essential for many house hunters; it will keep the home warm and keep the noise out, even if it’s near a main road.

  6. Open space
    Open living space is hugely popular, particularly for the kitchen and dining room. Combining the two into one large room creates a great sociable space and is perfect for families. However, it’s important to remember that many homeowners still enjoy the ‘front room philosophy’ that can be used for special occasions or for privacy by the adults. 

  7. Replace doors
    The front of your home can say a lot about the rest of the house to viewers seeing it for the first time. By replacing or sprucing up the front door, you will give potential buyers a great first impression.

  8. Converting the loft
    A loft conversion is a more expensive improvement, yet it offers a great return on investment. Most lofts can be easily converted and expanding the house upwards offers homeowners an extra bedroom for growing families, or space for extra storage.

  9. Create a driveway
    In some areas of the country, the ability to park close to your front door comes at a huge premium and therefore, if you have the room to add off-street parking, you are sure to increase value.

  10. Avoid over-personalisation
    Of course, your house should be decorated to your taste, but if you’re considering selling and want it to appeal to a range of buyers then it’s important to avoid anything over-personal, such as bold or bright colours which might be a turn off.