Heating tops the list of cost-effective home improvements

New research from self-storage experts Safestore has revealed that upgrading a property’s boiler and heating system has the highest return of investment when it comes to increasing a property’s value and is more cost-effective than other renovations and refurbishments.

The study looked at the typical cost someone would be expected to pay for various types of home improvements and the estimated value increase it might deliver.

  • With an average cost of £1300, new boilers/heating systems can boost your home’s value by almost 2% and have the biggest return on investment in our study.
  • Refurbished kitchens and lofts can bolster a home’s value by over 8% but their respective level of investment places them slightly lower.
  • A renovated garage or storage area can set you back up to £7000 but offer less than 1% of a home value increase in return, which ranks only above solar panels in terms of ROI (0.5%).

You can find the full study here

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