Halifax: House value can be boosted with a little

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Halifax: House value can be boosted with a little

According to the 2009 annual Halifax Home Improvement Survey, a few small adjustments around the home could significantly boost the selling price of a property.

The survey shows that installing energy-saving devices around the home is the measure most likely to make the property more attractive to potential buyers, while security measures come second.

Redecorating is the third most likely method of home improvement to add value, the poll discovered, while sprucing up the back garden and loft conversions placed fourth and fifth respectively.

"This research has shown that it is often the low cost, straightforward home improvements that are perceived to add the most monetary value to a home," explains Stephen Noakes, commercial director at Lloyds Banking Group.

Meanwhile, homeowners are collectively paying up to £500 million too much for their home insurance every year by not shopping around for the best deals for them, according to research carried out by Your Money.

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