Exterior Home Improvements Will Bring Best Return

A new report has recently revealed that those home improvements targeted towards the outside of the home will see the maximum return on investments.

The survey is an annual one, undertaken by the US National Association of Realtors (NAR) who say that eight of the top ten projects whose costs were recouped include exterior jobs that were worth less than around £8,500.

Upgrades, including replacing old windows and doors, or adding decking to the property, were seen to return over 80 percent of their costs when the property was then sold.

However, it is also important to realise that the survey showed that interior projects would offer the best return on investment overall – including by adding extra living space through an extension such as a conservatory (especially when double glazing was used to make the home more comfortable).

President of the NAR, Vicki Cox Golder, said of the survey that improving the external appearance of your home can give it ‘curb appeal’ which plays an important role when it comes time to sell.

It is the ‘first impression’ of your home that buyers will see – and having neat windows, doors and exterior features can greatly increase its value.

In a poll taken by Sainsbury’s Home Insurance earlier in the year, it was discovered that loft conversions were the most commonly planned upgrade in UK homes, with over 850,000 households planning to convert their roof space into extra living space within the next 12 months.