Adding Value to a Property With Home Renovation
Even if you have no immediate plans to move from Penge, you may be thinking of things you can do to increase the value of your house. After all, it is not only about the resale value. Having an increased investment value and wider options for refinancing in the future are also what it's about. A house, no matter the size, is a big and important investment. It is for that reason that you should take good care of it.
While home improvement projects are a great way to increase a property's value, it's important to choose the right project. Some renovations yield better results than others.
Below are projects that have withstood time for owners who would like to have a higher value for your there, regardless of their location.
Wish to have more value put into your home quickly? Simply add on an extra bathroom or bedroom. If there are two almost identical houses in the same street but one has 3 bedrooms and 2 bathrooms it will be worth considerably more than a similar option with 2 bedrooms and 1 bathroom. Homes become more valuable as they gain the ability to comfortably accomodate more people.
Another way that this can be done is to add on an extension to the home. If there is no space on the property for this, you can split up a larger room into two small ones. Either process will add value to the home.
Kitchen and Bathroom Remodel
The quality of the kitchen or bathroom can be a deal-breaker for a potential homebuyer. Everyone these days likes to see a spacious, open kitchen featuring stainless steel appliances, new cabinets and granite countertops. These kitchen updates can be costly, but they're more than worth it if you want to catch the eye of buyers.
Bathrooms are another area where potential buyers can be swayed one way or the other. Buyers want his and her sinks, claw-foot and jetted tubs as well as loads of storage. The reality is that a nice bathroom can make you feel better as well. When it comes down to it, the bathroom is the one place inside your home where you can enjoy the quiet and just relax.
Upgrade Plumbing, Electrical And Heating Systems
This is not glamorous after all, since you can't show the changes to your friends. However, updating old systems such as electric system won't just increase your home's value. It can help you avoid costly issues like leaks or short-cicuiting in the future. It is especially true for older houses that might still have copper pipes or gas heating. Copper pipes are illegal in some areas, which means you might be eligible for a subsidy you can use to update your old plumbing.
There are a number of other changes you can make, both major and minor. You can replace your windows or your roof. You can work on your landscaping, or put in new gutters. Almost any home improvement task will help to raise the worth of a home, but the three discussed in this article should bring the most for the time and monetary investments. Whether you decide to add more rooms, renovate your kitchen and bathrooms, or update your heating and plumbing, you'll see a big increase from your decision.
Best wishes on your home improvement projects, and hopefully they will allow you to make your home even more valuable.