Top 10 Home Improvements - 27/06/2017

A recent study has revealed that a new bathroom is number one on the 2017 list of Top 10 home improvements.

Thirty-nine per cent of homeowners who have carried out major renovations in their homes during the last five years chose to install a new bathroom.

Following closely in second place on 38% was fitting a new kitchen, while third position with 34% saw home owners splashing out on a new boiler or central heating system.

The survey was carried out by GoCompare home insurance who revealed that 41% of those carrying out renovations did so without informing their home insurer, potentially invalidating their policy.

Matt Sanders of GoCompare explained: "While you don't need to inform your insurer about routine decorating or maintenance, you should inform your provider if you're planning on carrying out any major building or renovation work, otherwise you could risk invalidating your policy.

"Another important thing to note is that most home insurance policies don't cover tradesmen or their work, so you should always check that they have their own insurance in place.

"It's also sensible to check that any tradesmen you employ are qualified to carry out the work and registered with a recognised governing body.

"Remember that after completion of the work you may need to increase your sum insured to reflect any increase in the rebuilding costs of your property and any increase in the value of your possessions."

 

The full Top 10 improvements carried out in the last five years are:

1. Installed a new bathroom 39%; 2. Fitted a new kitchen 38%; 3. Installed a new boiler or central heating system 34%; 4. Garden makeover 26%; 5. Installed double glazing 26%; 6. Built an extension 17%; 7. Knocked through rooms 12%; 8. Fitted solar panels 12%; 9. Created an attic conversion 10%; 10. Added an extra bedroom 9%.

 

Source: www.propertyreporter.co.uk