Property prices can be fickle, but renovations could add a sizeable sum of money to the cost of your home.
New research has found that renovating part of your house could add £40,000 to the value of a UK property.
But there are some renovations that offer bigger returns than others.
These include new kitchens, walk-in wardrobes and an updated garden.
Property for sale: How to increase the value of your home by £40,000
While the average cost of a renovation is around £14,000, the average increase in house value in £40,000.
This equates to a return of £26,000 - a sum that is not to be sniffed at.
The findings from Post Office Money found that homes which had been recently renovated were listed for 10 per cent more than the average asking price.
Chrysanthy Pispinis of Post Office Money said: “Making the right changes to your home can increase its market value significantly; if improving your home’s asking price is your priority, it’s important to keep in mind the cost of the improvement and the value it could add.”
There are various other ways you can increase the value of your property.
Property for sale: How to increase the value of your home by £40,000 (Image: GETTY)
Property for sale: Research found that renovating part of your house could add