Our latest survey has revealed that a new kitchen is the most effective home improvement for influencing a potential buyer’s final decision as well as their offer.
When looking to buy a new property, 47% of potential homeowners would be influenced by it having a recently fitted kitchen. 28% would also be more likely to offer a higher price for this feature.
Having a new bathroom also has a strong influence on home buyers; 46% would consider this when deciding whether to buy and 27% would potentially be willing to offer more money.
If a seller is looking to get a better offer, our insight could provide useful guidance on which home improvements to invest in
The order of rankings then somewhat divides. Looking at home improvements affecting the final decision to buy:
It’s interesting when this order is compared to how these home improvements affect the buyer’s decision to offer a higher price. New extensions climbs the rankings to take 3rd with 26%, whilst a new conservatory is also ranked highly with 23% of home buyers feeling this warrants a higher price.
Extensions to the property clearly have a stronger influence on the offer than the decision to buy for potential buyers.
Spokesperson for Plentific, Stephen Jury, said: “Many property buyers keep an eye out for particular home renovations when searching for their next home. It goes without saying that costly renovations are high on the wish list for most buyers.
These can add significant value to a property and incentivise buyers to offer a higher price. If a seller is looking to get a better offer, our insight could provide useful guidance on which home improvements to invest in."
Katie is constantly browsing the internet to keep up-to-date with the latest property news. A huge fan of tea and chocolate, plus has a love for period homes.