Wednesday 13 September 2023

How To Really Improve Your Home's Value With Renovations

If you’re looking at maximizing the value of your home, whether you’re looking to sell it in the relatively near future or if you simply want to avoid falling behind inflation, there’s a lot that you can do to improve its value. Here, we’re going to look at some of the upgrades that might do you right in today’s market.


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Start with the garden

Curb appeal is always going to matter a whole lot to home buyers. One of the easiest ways to improve your curb appeal is to start with the garden and its fixtures. Trimming hedges, getting rid of dead plants and weeds, painting or replacing the fence and gate. All of this can help your home immediately catch the eye of the potential buyer, which means that it can also bring in more demand and, as a result, cause the price to shoot up.


The home’s exterior matters, too

Of course, curb appeal goes a lot further than the garden. When it comes to home renovations that affect the exterior of the home, their value tends to be more than just aesthetic, as well. New windows and doors can improve its energy efficiency. Exterior wall coatings can add some extra insulation while protecting the walls of the home. Improvements to the roof and siding are an investment in the weatheriness of the property as well. All of these are of great value to buyers.


Upgrading your surfaces

The surfaces of the home, such as the flooring and the walls, don’t tend to get replaced as often. Take a look at some of the flooring options, especially in rooms like the kitchen and bathroom, where it can really add to the practicality of the room, and consider whether or not it’s time to upgrade them.


Going green

It might not sound as immediately clear in its appeal as the other points mentioned above, but making your home more eco-friendly could help improve its value. The green value of a home, how it’s able to save on energy, use renewable sources of energy, and cut on water use, is becoming a higher priority for certain markets, and as such, is helping to drive the value of certain homes up, too.


Space is always a winner

The one upgrade that is almost always going to result in a significant boost to the value of the home is your ability to add usable space to it. There are various ways to do this, whether it’s by knocking down a wall, finishing a space like a loft or basement, building an extension, or even building an outbuilding, you should figure out which is most practical for you and most likely to offer a return on investment.


If you really want to know what the best and most worthwhile upgrades are likely to be for your home, then you might want to talk to local real estate agents. They can give you a good idea of what’s really selling homes these days, as well as whether or not they’re worth the asking price.

 

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