Adding real value to your home

As home owners struggle to sell their houses to release equity in their properties, potential buyers don't seem so impressed by DIY work that has added decking, laminate flooring or even solar panels.

Estate agents are finding that the best ways to add value is to make full use of space - by converting a loft or cellar or by adding an extension or conservatory.

Gerry Bell, head of mortgage marketing at GE Money Home Lending, said: "The current housing market means that more people are looking to improve their home rather than move.

"However, before embarking on any improvements, it pays to know which ones will add the most value to your property. Region, type of property and location are all factors which will determine which improvement is best for a particular property, with the creation of extra living space continuing to be the best value improvement."

Householders who have cash to invest in their homes, even after absorbing all of the price rises from fuel, food, utility and regular bills such as home insurance premiums, council taxes and water rates, need to decorate rooms to please themselves - rather than plan to make a profit from their labours.

27/06/2008 15:31:55