Renovating a property can be a costly affair and not always one that will provide you with the returns that you expect. Here are the top 8 home renovation projects that will add value to your home.
Kitchen and Bathroom Upgrades
Kitchen and Bathroom upgrades are the renovations projects that will most surely add value to your property. No surprise that these are also the most common upgrades a property will undergo. When viewing a house for purchase or rental, most people will look at bathrooms and kitchens in most detail as these are two of the highest traffic areas in a home. To enhance the value of your property invest in creating a dream kitchen or a luxurious bathroom and remember that a bit of research can go a long way. Using good fixtures and finishes can add some serious pounds to the sale value of your home.
Upgrading Your Boiler Or Heating Equipment.
In the list of home upgrades that add value to the home, changing your boiler or updating your heating equipment comes second only to kitchen and bathroom upgrades. While changing your boiler is not cheap, it is also not the renovation project with the biggest price tag in this list. However, doing so, can be a wise investment. Getting a new boiler is a simple way to make your home more energy efficient and increasing its EPC rating which in turn, increasing your property value.
Double Glazing
While doing a home renovation project, replacing your windows can be considered a big ticket item. Especially if you are talking about a period property or one that is listed. However, it is also one of the renovation projects that can potentially change the price tag of your home dramatically. Just like when you upgrade your boiler or your heating system, changing your windows to ones that are energy efficient, will improve your homes EPC and overall value. In the long run, your energy bills will be considerably lower and as this is a big project, having it done prior to attempting to sell your home, could be a unique selling point.
Garden and Patio Make-Over
Upgrading your garden or patio can have a serious effect on the desirability of your property. By upgrading your garden or patio, people will perceive your home as finished and ready to move in. By adding a patio or sun deck or simply by landscaping the existing garden, your home will become more inviting.
Bigger Rooms
We know that space comes at a premium, especially in high density urban areas such as London. However this does not mean that more rooms always equate to better selling power. Small rooms created by partitioning bigger rooms can be at times unusable. By ensuring that all rooms in the house have enough space to serve a specific purpose other than storage, you will increase the value of your home.
Home Extensions
Any home extension will be a considerable investment. None the less, it is one investment that usually provides the desired returns. If your property has the potential for an extension be it to the side, rear or into the loft, and you are looking at ways of significantly increase the value of your home, this is a sure way to add more than a few pounds to your home’s price tag.
Loft Conversions
This is one of the most common home renovation projects in the UK. A loft conversion can provide a home with the much coveted extra space that our lifestyle demands. A loft extension can be an extra bedroom, a home gym, a playroom or even a home office. Lofts are also one of the most underutilised spaces in a home so why not turn this forgotten space into a money maker.
Decorating
Sometimes all a home needs is a good lick of paint and some creative design ideas. A home might be perfectly proportioned, have the exact number of rooms that your buyer needs and be in the perfect location but if it is looking tired, it will be a tough sell. Someone looking for a home to buy or rent needs to be able to visualise themselves living in the property and no one wants to live in a tired old house. Do not forget that while love is in the eyes of the beholder, a tired looking property will be difficult to love not matter what. Give your home a lick of paint, change the carpets and buy some new furniture. You will see how fast the perceived value of your home increases almost instantly.
If you are thinking of selling your home or putting it in the rental market and need advice on renovation ideas that might help you do so, we are always happy to have a chat. Give us a call on 020 71186155 or make an appointment to come and see us at our office in Hammersmith so we can have a chat about construction.
