4 Oct

New bathrooms and kitchens 'add value to homes'

New bathrooms and kitchens 'add value to homes'

Fitting a new kitchen or bathroom to a property remains a reliable way of increasing the value of a property, it has been claimed.

According to Robin Hood-Leeder, deputy of membership services at the Federation of Master Builders (FMB), buyers acknowledge that these represent significant investments and are consequently prepared to pay more for the property to avoid having to pay out for the improvements themselves.

He said: "They are the things people first look at. Sometimes in estate agents' windows they will not show you pictures of the house, but they'll show you pictures of the kitchen and then the bathroom.

"I suppose it's because people recognise that these are where the big expenditures are. Unless you're extending your home, the big money goes in to the bathroom and the kitchen."

Mr Hood-Leeder's comments come after a recent survey from Nationwide showed that, although location remains key to the value of a property, the addition of a new bathroom and bedroom can add as much as five per cent to its price.
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