Property Renovations for Added Value
If you’re planning to put your house on the market, one of the big queries you may have is whether you should carry out renovation works before listing the property for sale. This choice could be a crucial factor in working your way up the property ladder and increasing the profits you make on your existing home to be able to afford your dream property.
If you have little experience in the property market, you may be clueless as to how you can increase the value of your home through renovation.
This guide will give you some helpful hints on where you should be investing your money to add value to your home.
photo/ Skeeze via pixabay
Convert your basement
If your property has a basement that’s currently unused, you should think about making the most of the space by planning a conversion. In fact, this type of building work is one of the easiest to carry out as you don’t need any form of planning permission. By converting this unused space, you’ll essentially be adding an extra room to your home which will immediately increase the value. Whether you choose to convert to a guest bedroom, movie room or social space, this distinctive living area is sure to become an attractive feature for potential buyers.
Install air conditioning
If you live in a particularly hot region, it’s essential your property is fitted with fully-functioning air conditioning to even be considered an option by potential buyers. Not only that, but an AC system could also add 10% to the value of your home. If you already have air conditioning installed, maintenance work must be carried out before you put your property on the market to ensure that it’s working effectively. An HVAC service in Sandy Springs, GA will identify any problems with immediate effect and fix your system accordingly.
Create an open-plan living area
Open-plan living spaces are a highly desirable feature in properties by potential buyers, especially those with young families due to the absence of walls separating the different rooms. Going open plan is gives the illusion of more space without adding a single foot onto your home. This simple tactic could add a potential value of between 3-5% onto the property price.
Renovate the kitchen
The kitchen is, after all, the heart of the home and is a main selling point during the property search, so it’s no wonder that 65% of those who list their home on the market choose to renovate the kitchen beforehand. On average, it can cost between $5000-$75000 to remodel a kitchen, but if you haven’t got an extensive budget to work with, there are a few budget-friendly ways you can transform the look of your kitchen without spending a significant amount. For example, you could simply paint the cupboards, replace handles and change the work surfaces to transform the room instantly. As a result of your effort, buyers may be willing to pay slightly more for the property if they don’t need spend part of their budget on a new kitchen.
Author: Carol Trehearn
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