13
Jul
Energy saving solutions 'may add more to the value of a home'
Research conducted by Halifax has revealed how much a person could
add to the value of their home by making a few well-considered
improvements.
It was discovered the fuel efficiency and energy saving measures
were the most profitable improvements as they added up to
two-and-a-half times their initial inlay cost to the value of a
home.
This means that for the £1,722 it usually takes to install the
solutions, a home could be worth up to £4,327 more.
Halifax also discovered that the second most profitable improvement
was added security measures, followed by redecorating, both of
which boosted the value of a home by around twice as much as their
initial cost.
Stephen Noakes, commercial director at Lloyds Banking Group, said:
"This research has shown that it is often the low-cost,
straightforward home improvements that are perceived to add the
most monetary value to a home."
In other property news, Smiths Gore has reported that prices of
top-end properties are stabilising and currently selling for "more
than ever before".
