(covering reddish, dane bank, denton, debdale and gorton)

average cost of home improvements

  • Many home improvements can cost more than the value they add according to new research by buying agent Henry Pryor and GoCompare Home insurance.
  • Improvements such as new flooring and replacing kitchens and bathrooms (the most popular home improvements) are unlikely to yield a profit for many homeowners. At £7,000 the average cost of a new kitchen is twice as expensive as the estimated value it adds to a property.
  • In comparison, energy improvements, such as a new boiler or central heating system, can increase the price of a property by close to 4%, the equivalent to just over £9,000. A new boiler costs around £2,000, providing the householder with a net profit of close to £7,000.
  • While a fresh coat of paint may add little to the value of a property, such improvements undoubtedly encourage prospective buyers through the door.

Hassan Mahmood

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