Despite the never ending Credit Crunch, many people have held on to their properties, and are keen to move up the property ladder. However, large numbers of home owners have found that they cannot afford to ‘physically’ move up the property ladder! The advice to these home owners, from the Money and Property section of Sky News, is to make some home improvements that will raise the value of their property.

Experts for Sky News were asked to compile a list of home improvemets that would boost the value of your property, but also to estimate how much these renovations would cost you! The results showed that the most valuable home improvement you could make was adding space to your downstairs. An Extension of the downstairs living area could add as much as £20,000 to the value. Beware of spending more on the extension, than it will actually add to your house!

Next on the list was Loft Conversions. For inner city properties a loft conversion could cost up to £15,000, but in London this could add upward of £40,000 value!

Next up was a fitted modern kitchen, this type of conversion could add up to £8000 to the value of your property. A top tip being to shop for a kitchen during Bank Holiday Sales!

Sky News also recommends that you splash out on a conservatory. Experts estimate that for an initial outlay as little as £3000, you could add upwards of £12000 to the value of your property!

The final improvement regarded central heating, but it was concluded that this is now an expected feature of modern properties, however, new style high efficiency condensing boilers can add value through improvements of the home’s energy rating in the home buyers information pack.

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