Selling a house is not easy work and homeowners will want to make sure they sell their property quickly and for the best price. Whether you are looking to sell soon or make improvements for the future there are a few things which can be done to increase the value. Making pricey renovations will increase the value of a house but there are some easier changes which will add thousands to the selling price. With people being more conscious of the impact individuals have on the environment, there are now environmentally-friendly features in a house that can make sellers part with up to £29,000 more, a study revealed.
Property is a huge investment for anyone and homeowners will want to ensure their house has the highest possible value.
Before selling a house, most residents will make changes to their property to make it as appealing as possible to buyers.
The good news is there are easy home improvement hacks that will not only save money on bills in the short term, but also add a substantial amount to the overall price of a property.
New research by the loan comparison website, Money.co.uk revealed that giving homes a green refurbishment could add over £29,000 to the value of the property.
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Draft proofing came out as the most lucrative improvement – adding the greatest added value (£3,200) in relation to its actual installation cost (£200).
In addition to that, draft proofing can also help to save money on heating bills in the interim, as it involves blocking areas that let in cold air – so you use less energy to warm the home.
Thermostat installation is second on the list – costing £215 on average to set up, but adding around £2,790 in value.
A smart metre installation – which can be done in under an hour and costs just £50 – came in third place. What’s more, the eco-upgrade could potentially add £2,746 to a home.
The study also shared the eco-improvements with the least financial gain.
It turns out geothermal heat pumps are the least cost-effective in terms of adding value.
Likewise, biomass boilers (which use sustainably-sourced wood pellets instead of gas or oil) are the second-worst eco-upgrade.
They could potentially lose homeowners £4,459 – with the installation cost being around £8,000, but people valuing them at under half that price.
Air source heat pumps, green roofing (partially covering a roof with vegetation) and triple glazing were also among the eco-improvements least valued by homebuyers.
The research also revealed the cheapest eco-improvements homeowners could make.
The improvements included energy star ceiling fans, energy metre installation and low-VOC paint.