Adding a loft is the most lucrative home improvement

Homeowners looking to convert their loft should expect to add an average of £11,020 to the price of their home, Halifax research found.

This is despite the cost of converting the loft being around £22,200.

Going green with a living roof – where vegetation or plants are added to the roof of a property – is the second most lucrative improvement, raking in an average of £8,676.

The top 10 most profitable home improvements also include bi-folding doors (£5,256), garage conversions (£4,847) and renovating period features (£4,731).

Russell Galley, managing director at Halifax, said: “While upgrading our homes is simply a labour of love for many of us, others invest in renovation to increase value and maximise selling potential.

“Social media is giving more people instant access to the latest home and interior trends at their fingertips, so it’s no surprise to find this influence filtering through to home improvements.

“Loft conversions and green features can generate attractive potential returns, yet traditional factors including location, local property price, access to schools and transport will continue to have a big influence on house prices.

“That’s why it’s important to do your research if you’re looking to sell as, you can get a better sense of the most attractive improvements by understanding your local markets.”