How Renovating Can Increase the Value of Your Home

How Renovating Can Increase the Value of Your Home
  • Opening Intro -

    It's becoming more common for people to choose to renovate the property they are living in rather than move somewhere else.

    Often, giving your current home a new look or enlarging it, are more cost effective options than purchasing somewhere new to live.

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Of course, this does not mean you will never move on, and you want to try and make your renovation pay if you do.

There are generally two reasons behind the changes people make to their home; to improve their own living environment and to add value to the property. We are going to take a look what you need to think about if you are thinking of carrying out renovations. We are also going to give you some tips about what sort of renovations may be a good use of your money.

What you need to consider when you are renovating

The single most important aspect of any renovation project is planning. If you do not have a realistic budget and timeline in place then it’s possible for renovations to go badly wrong. It’s a good idea to plan renovations room by room if you can. All too often a property is left with unfinished work throughout because the budget ran out.

Start with the area of your home that is most urgently in need of renovation and make sure that you have a firm plan and budget in place for the work. If you are intending to carry out other work around your home you should of course have this in mind. If you do not consider the other work then you risk using your entire budget on one part of the renovation.

It’s also important not to be afraid to combine “me” renovation work with that which is intended to add value. For instance, if you sell your home, you may be surprised by just how much that piece of decoration that was intended just for you can combine with more major renovation work to add to the overall sale appeal of the property.

What type of renovation work can add value to a property?

Even something as simple as a paint job can help add value to your property. Let’s take a look at some other potential renovations which can increase the sale value of your home.

  • Extending the property.
    An extension to any property is obviously going to add value, if the work is done correctly. You need to make sure that you have permission to carry out the work and that surveying and planning is of a high quality.
  • Replacing guttering and drain pipes.
    Gutters and pipes are often neglected. They are often not in direct view so you can tend to forget about them. This does not mean they are not important. If pipes or gutters are broken or leaking they can cause structural damage to the property. For this reason, new pipes and guttering can increase the value of your home.
  • Cladding the property.
    Cladding the external walls of your home does not just improve the appearance; it also helps to protect the property against bad weather, as well as having an insulating effect. You should take a look at professional house cladding in Sydney to make sure you hire experts to carry out the work.

All of these renovation projects should add real value to your property. Remember, that you should always plan carefully in order to make sure that renovations are completed effectively and efficiently.

Home Improvement reference:

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