Splashing out on home improvements not only makes your house a more enjoyable place to live, but it if done right it is also likely to give its value a boost.
The average home improvement would add a healthy 10 per cent to the value of a home, research from peer-to-peer platform Zopa claims, while those who build conservatories come out top on their return on investment of potentially 108 per cent.
Zopa asked users who had taken out home improvement loans through the platform what changes they made and how much profit they reckoned they got on what they spent on the work.
A conservatory provides an extra room in your house, but means giving up some garden space.
Unlike an extension, you won’t need planning permission as long no more than half the area of the land of the original house is covered
Average cost: £5,300
Average profit: £5,750
Return on investment: 108 per cent
Its easy to forget about your garden and let it get overgrown or messy, especially when it is cold outside.
But a front garden is the first thing a potential buyer will see when they come to view your house so a tatty lawn or dead plants may have an impact on the all important first impression.
A well looked after garden will give your home a welcoming and modern feel.
Average cost: £4,550
Average profit: £4,000
Return on investment 88 per cent.
An extension can add more space to your property by either expanding a room or adding moer.
You could also do this across two floors.
The government has recently relaxed planning rules in this area. Traditionally you have been allowed to add single-floor extensions of up to 3 metres in depth in the case of an attached property, and 4m in the case of a detached home without planning permission.
These distances (until May of 2016) have been doubled to 6m and 8m respectively. However, this only applies if the neighbours have been consulted and they do not object.