View more on these topics

Only one in 10 make home improvements to add value

Only one in 10 English and Welsh people make home improvements to increase the value of their property, according to a survey by Halifax.

Thirty-one per cent said they carried out work to improve their standard of living and 35 per cent said to improve the look or design of their home.

The top five most popular home improvements are new flooring at 51 per cent, garden makeovers at 47 per cent, double-glazing at 33 per cent, a fitted kitchen at 32 per cent and a new bathroom at 32 per cent.

Respondents believe the features that would add the most value include a fitted kitchen at 33 per cent, central heating at 15 per cent, double-glazing at 13 per cent, a conservatory at 11 per cent and a garage at 5 per cent.

Chief valuer Patrick Sawdon says: “It is heartening to see that adding value to a home is not the sole motivator for undertaking improvements.”

Recommended

Schroders hedges for SAIF bet

Schroders Private Bank has added a more aggressive hedge fund of funds to its Schroder alternative investment funds (SAIF) range. SAIF Blue Mountain aims for returns of between 10 per cent and 15 per cent a year by investing in eight to 12 hedge funds on a global basis. In contrast, SAIF Blue Sea produces […]

Threadneedle bond specialist Bacon to retire early

Ted Bacon, head of Threadneedle&#39s investment-grade corporate bond team, is taking early retirement due to ill health.Bacon, who managed the strategic and UK corporate bond funds in addition to heading the high-quality bond division, will retire at the end of June after more than 18 years with the group.He will be replaced on the strategic […]

&#39IFA market share under pressure in depolarisation&#39

Big financial institutions could take away up to 18 per cent of IFAs&#39 overall market share in the next five years, according to Datamonitor research.It questioned a panel of 100 IFAs in February and March to produce the UK Independent Financial Advisers 2003 report about the future for IFAs in a depolarised world.Datamonitor wanted to […]

Drawn-out illustration

Friday April 25 (lunchtime): fax quote specification for an investment bond to Sun Life, naming the particular fund to which the money is to be allocated.Monday April 28: No sign of illustration.Tuesday April 29: No sign of illustration. Phone Sun Life to ask why. No one knows anything about it. Fax specification again with a […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment