Renovations, whether big (adding a new room) or small (new light fittings) can be a great way to increase the value of your home. Often, significant value can be added to a property through relatively minor changes.
However, carefully choosing what kind of renovations to undertake is crucial. Carrying out unnecessary work can sometimes incur huge expense while adding little to the sale value of your home.
Here are five ways to add value to your home.
The value this adds to your home cannot be overstated. Today, this is considered an absolute necessity by many homebuyers. In fact, not having insulation can easily create the perception of an unhealthy home. With the EECA Energywise programme subsidising the cost of insulation, there really is no reason not to insulate your property. Click here for more information on the subsidy.
2. Add a deck
Adding a deck is one of the most simple ways of boosting the value of your property. As well as creating indoor-outdoor flow, a deck increases the available space for entertaining – something potential buyers want to be able to visualize when inspecting properties.
3. Refit the kitchen
Potential buyers know the kitchen is the heart of the home. A tidy, modern kitchen can seriously improve the value of a home. When it comes to updating your kitchen there are two options: replace or recover. Your key targets are benches, cabinets, drawer fronts, skirting and handles. Replacing the fronts of your cabinets and drawers or installing a new bench top are good ways to update the look of your kitchen. A glass splashback adds a sleek feel to a kitchen, without a huge price tag.
4. Update the bathroom
As with the kitchen, the aim here is a modern appearance. A bathroom that looks old will instantly date the entire property in the minds of prospective buyers. Updating your bathroom needn’t be expensive or difficult. Aim to replace stained grout, outdated faucets, cabinet fronts or lighting. For those with the know how, a DIY refit of the bathroom can be very cost effective.
5. Create kerb appeal
The greatest house in the world is going to be hard to sell if you can’t get people in the door. Creating kerb appeal or a desirable entryway ensures you attract the right kind of attention. Firstly, ensure any garden or lawn area is tidy and well maintained. Introducing plants to the front of a home can really liven things up, at little cost. Repainting the entrance door or doorframe can blow the cobwebs off the front of a house and make your property stand out.