Large home renovations are usually a guaranteed way to add value to a property, but there are some more affordable things Britons can do to prepare their house for the market.
Creating a home bar can be done for as little as £50 but will add thousands to how much buyers are willing to spend.
This is according to research by Tri Carragh who suggested a home bar can add five to 10 per cent to the value of a property.
The average UK house price was £281,913 as of January 2024 which means this improvement could add £14,000 to £28,000 to the property value.
Experts share how to add value to your home
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“A small home bar, that could simply be a bar cart and some stools, can range from anything between around £50 to £300,” founder of Compare My Move Dave Sayce said for Tri Carragh.
“It can even be done yourself with some woodworking and time; something as little as this will add value to your home – if done properly.”
Britons may think a home bar will take a lot of time and money to create but the expert said a basic version can be done cheaply and still add appeal and value to your home.
If you do want to put more work into creating a bar, this could make your property worth even more.
Dave added: “A small interior change like this could increase your home’s value from five to 10 per cent of the property price.
“When it comes to a larger, fitted bar, this will cost much more. Costs for a fitted home bar can range from around £700 to £10,000 depending on the size, material and accessories.
“However, you will see this adding around 10 per cent – if not more – to the property price as it is treated as both a redecoration and a kitchen asset.”
This comes as a paint expert shares the colours that are most likely to increase the value of your pad.
Building a home bar can vary in costs
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The expert said: “One of the easiest and most efficient ways to increase the value of your home is with paint.
“I’m a big fan of warm neutrals in my day-to-day life. But for selling, I would urge you to give grey a go. For whatever reason, slightly warm leaning greys tend to show up quite well both in photos and in person.”
When it comes to the kitchen, the expert said this is the room that he would “always recommend painting white”.
