'I’m a property expert – four cheap improvements to avoid as they could leave you £25,000 out of pocket'
But these panels do not come cheap, requiring an initial outlay of £5,875. They would also only add £1,480 to the value of a £295,903 home, according to Help me Fix."This isn’t a great return on your investment."If you’re feeling flush and love the flicks, you might like the idea of being able to enjoy the experience of the cinema without actually having to go anywhere.
But bringing the big screen into your home doesn’t come cheap, with the estimated potential cost standing at a hefty £15,000, according to Help me Fix."But it will only add £2,663 to the value of the average UK property. You’ll end up losing out to the tune of £12,337."If you carried out all four of these renovations, it would potentially set you back £27,390 in total.Based on the ‘potential cost’ minus the ‘added value’ you’d end up £25,615 out of pocket.
The addition of an extra bedroom could add an extra £44,385 to the current average UK house price of £295,903, according to Help me Fix.That said, even once you’ve taken the cost of implementing this home improvement into account, the addition of an extra room can still help boost the value of your home by £22,625.
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