MOVE or improve? A familiar question if you’re faced with lack of space, a growing family or itchy feet. With 58 per cent of us improving our homes over the past year (12 per cent more than the year before), we prefer making do to moving out. Faced with high house prices, the popular solution is to expand or improve with the aim of adding value – and now younger people are getting involved, with 68 per cent of people between 18 and 34 investing time and money in doing up their home. So how to achieve that extra £100,000? A fifth of improvers think a kitchen extension will add the most value, although the most common project is redecoration, making up two thirds of all home improvements. Here we give ten of the best projects to make the most of your home:

Valuers at Halifax say an extension is the top option for adding value, as long as work is properly carried out. For structural projects employ a professional to ensure you comply with planning regulations. A good extension should create at least one extra room and be used to bring light into the house.

A loft conversion is the second most profitable option.

While maximising existing space, it can increase the number of bedrooms and bathrooms, two key valuation factors.

While not as profitable as many think, a new kitchen does add substantial value. A kitchen makeover is B&Q’s bestselling project, while kitchen units and worktops are its most commonly purchased products.

According to Halifax, a conservatory does not count as an extension as it is thought to be a relatively cheap and easy add-on. But it does increase space – crucial for buyers.

Changing the central heating can reap financial rewards, Halifax says. Many homes suffer from dire plumbing. Use an accredited tradesman to fit new boilers and pipes, and invest in an energy-efficient boiler (this will help your energy rating when you sell), high water pressure and a thermostat.

Creating a new bathroom is less popular than redoing the garden or buying new flooring and furnishings, despite adding more value than they do. If you have lots of bedrooms and one bathroom, adding an en-suite is wise.

Redecoration accounts for 66 per cent of all home improvements. This may only add a couple of thousand pounds to a property’s value, but it may well entice buyers.

Laying laminate or wood flooring makes up a quarter of home improvements. A chic, uniform new floor throughout the house or in problem areas is a good idea. Buyers tend to like exposed floorboards or tessellated wood.

With a view to making an overall good impression, homeowners love doing up the garden. This will make the property look cared for, but will not hugely increase its value.

New furnishings make up 30 per cent of all works done. Although they may lift your spirits, they will add very little extra value to your home.

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