If you’re looking to make an investment in your property, there are a number of ways you can increase the value of your home whilst spending as little as possible. This article will highlight ways in which you can renovate your home to achieve the biggest return on investment.
House price highs: is it time to sell?
Are you considering selling your home? Perhaps it’s a good idea to make a few house renovations before putting your property on the market, adding value to your home and allowing you to get as much money out of it as possible.
Creating more space, such as adding an extension, is a desirable feature that many prospective buyers look for. Additionally, modernising an older property is great for those eco-conscious buyers who are searching for properties that are more energy efficient.
High ROI home improvements
We’ve listed some of the essential home improvements that will ensure a high ROI. A lot of the work required can be done yourself if you have a few simple tools, including scrapers and power tools. If you have bigger jobs that you need to do then it may be worth getting higher powered tools so that simple jobs don’t take you the whole day to complete. Take a look at a magnetic drill that you can keep for all the fiddly jobs that need more power. You can use these tools for anything from fitting flooring to drilling bigger holes in pieces of wood.
Bathrooms and kitchens
These two rooms are the most practical rooms in the house, and therefore need improvement to best adapt to individual requirements. Improving the functionality, storage and comfort of these rooms will be sure to appeal to new homeowners.
For the bathroom, consider installing a walk-in shower with textured flooring that is easy to clean. Adding new lighting can help to improve the mood of the space, with a dimmer providing a low light for those relaxing baths.
For the kitchen, installing an island or breakfast bar helps to utilise every inch of space, as you can install a hob or sink within the surface.
Loft conversions are attractive as they provide additional space to the home. They can be turned into an extra bedroom or an office space, therefore having a huge impact on the overall value of your property.
Upgrading your dated carpets to new ones can bring a fresh look to the entirety of the house. Old carpets can bring the atmosphere of the home down, making it look shabby. However, if your carpets are relatively new anyway, it may be worth getting them professionally cleaned instead.
The idea of replacing a roof to a prospective buyer will likely steer them away from purchasing your property. Or, it may lead to them asking for a reduction in the overall house price.
Repairing or replacing the roof saves the buyer the hassle, but can also add value to your home. However, keeping your existing roof well-maintained will save you that extortionate bill when it finally comes to selling your house.