Homeowners warned to chose refurbs carefully - Mortgages, Money - The Independent

Homeowners warned to chose refurbs carefully - Mortgages, Money - The Independent

Homeowners are more inclined to improve their current property rather than move house, research carried out by the Royal Institute of Chartered Surveyors has found.

The improvements which added the most value to a property were additional bedrooms, followed by a new bathroom or kitchen. On the other hand, although adding a new conservatory or reinstating period features was desirable, they were unlikely to add any extra value. Additionally, the increased value on the home was unlikely to cover the costs of any such improvements added, RICS said.