What Renovations Add the Most Value to Your Home?
If you are looking to add value to your home, it pays to do your research first. One of the biggest mistakes that people make is trying to improve the value of their property without doing any planning first. When this happens, people end up spending their money on renovations that do not actually add any value at all. This is the last thing you want to do, right? So, with that being said, in this post, we are going to take a look at some of the renovations that will add the most value to your property.
Garage and loft conversions
When it comes to adding value to your property, most people tend to look at garage and loft conversion first. You can expect to increase the value of your property by as much as 20 percent by converting a single garage into another living area. You can also add as much as 15 percent to the value of your property if you convert your loft into a bedroom. Of course, the cost of your conversion and the exact value it adds to your home differs depending on the extent of the work needed and the price point you will be selling your home at. It is also worth thinking about how you are going to be able to add extra storage to the rest of your property in order to accommodate the storage space you are going to be losing. For example, adding a garden shed can be a good way to make sure that you have room for the items that used to be in the garage.
Improving the energy efficiency of your home
There are two different types of energy efficiency improvements that are made to the home. The first is low-cost and simple improvements, for example, draught-proofing, adding cavity wall insulation and improving the insulation in your loft. There are then works that are high in cost, for example, investing in renewable technologies, a high-performance boiler, double glazing, and internal or external wall improvement. You can increase the value of your property by as much as 14 percent by making clever energy efficiency improvements. Nevertheless, it is also worth factoring n the money you are going to save on your energy bills as well.
External works and garden landscaping
Did you know that you can add as much as 20 percent to the value of your property with a well-maintained garden? There are lots of different features that will add to the value of your outside space. This include an alfresco eating area, as well as good garden lighting.
Hopefully, you now have a better understanding of the sort of renovations that are going to add the most value to your property. If you are planning to sell your property in the near future, it would be wise to focus on the sort of renovations that have been mentioned in this blog post because you know that they are going to deliver the highest possible returns to you. When you consider that some ‘improvements’ are not going to deliver any value at all, you see why it is imperative that you consider your options with care.
Looking for an Increase the Value of Your Home via Remodeling?