Research from earlier in the year by GoCompare listed the top 10 home improvement projects homeowners have planned for the next three years. Here they are in all their glory:
1. New kitchen (34%)
The kitchen is one of the high-traffic rooms in the house, along with the bathroom and the living room. People update their kitchens for a number of reasons: to bring in more natural light, to update old or broken appliances or to add value to their homes.
2. Building an extension (30%)
Extra square footage has clear advantages. Whether you fancy a bit of extra space or you’re a growing family which needs space for little ones to run around, an extension can make this a reality. Make sure that your extension adds a functional living space – so extend a small living room rather than add an unnecessary guest bedroom – and check your plans are in keeping with the style of your property, especially if you live in a period home.
3. New bathroom (29%)
Outdated bathrooms are a turn off for residents and potential buyers. Update a bathroom with quality features such as glass screens instead of shower curtains, mixer taps rather than separate hot and cold ones and a chrome heated towel rail. You can still go traditional without risking a bathroom looking outdated – freestanding baths with legs and rolled tops exude elegance, for example.
4. Garden makeover (20%)
Homeowners increasingly consider gardens an extension of their homes. Viewing it as a usable living space, many people have gone to town to create a beautiful outdoor space complete with fire pits, funky lighting and impressive floral displays. A stunning garden is not only a joy to look at and relax in during the warmer months but can also add value to your home.
5. New central heating (15%)
It may be one of the less creative DIY projects on the list, but fitting energy-saving central heating is fast becoming a priority for many. If you are looking to save money in the long-run or drive up the value of your home, it may be worth considering a high-efficiency boiler as these can significantly bring down your heating bills and appeal to ‘green’ buyers.
If there is a home improvement project you are desperate to get underway in the family home, joint loans can give you the cash you need to get the ball rolling.