The kitchen is the most popular choice of renovation among people in the UK, a new survey has revealed.
The MoneySuperMarket survey uncovered that a fifth of respondents (22%) cited a kitchen would be their preferred renovation of choice. A garden makeover was the second-most desired renovation (20%), while 16% said they would prioritise a bathroom renovation.
The study, which investigated Brits’ attitudes to DIY, also revealed that a kitchen renovation could potentially add an average of 5.5% to the value of a home.
The data is significant for renovators, which demonstrated that certain room renovations led to an average 10.8% average property value increase.
|Most popular renovation among British homeowners||Percentage of British homeowners who want this||Average cost||Average property value increase|
|New home office||1%||£1,715||10.8%|
Rachel Wait, consumer affairs spokesperson at MoneySuperMarket, said: “With a fifth of us saying a new kitchen would be our most-desired renovation, and a range of different DIY projects potentially adding value to our homes, it’s clear that home renovation offers a real opportunity to live better and invest in your financial future – whether you build it yourself or hire a professional.”
Ready for Renovation
Over two-thirds of Brits take on home improvements and renovations on a DIY basis in order to save money, the survey revealed, and the financial benefits can be significant.
An average 10.8% average property value increase was observed amongst respondents who renovated a loft conversion (average spend £37,500) and those who renovated a new home office (average spend £1,715).
The average property value for an extension, meanwhile, was 8.8% (average spend £22,500), with a conservatory renovation providing the fourth-highest average property value increase of 6% (average spend £9,500).
While DIY is not for everyone, knowing how different DIY renovations and extensions can add to a property’s overall value can be significant, as well as knowing how much money you can save with DIY.