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Conservatory 'effective in increasing property values'

Conservatory Effective Way To Increase Value - lets-do-diy.com

Adding a conservatory could prove to be an effective way for home improvement enthusiasts to increase the amount of space they have, it has been suggested.

Writing in the Independent, Kate Watson-Smyth, points out that as the economic downturn continues and the majority of homeowners will be sticking to the "don't move, improve" catchphrase, now could be an ideal time to consider how to maximise the value of a home.

She goes to cite research by the Royal Institute of Chartered Surveyors claiming that adding a conservatory can boost house prices by as much as five per cent.

Meanwhile, Paul Fitzgerald, owner of Richmond Oak Conservatories, claims that as soon as work on a conservatory is finished, 50 per cent of the cost of the home improvement project will automatically be added to the value of a property.

And should a homeowner choose to move in five years' time they will have recouped the rest of their expenditure and go on to make a profit.

Meanwhile, a recent Nationwide study revealed that extending floor space by ten per cent will see the value of the average home rise by five per cent.

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