Every so often, our homes need a facelift. Everyday wear and tear can make them look run down and unloved, and a lick of paint can breathe new life into the family home. But there are some home improvements which are a bigger commitment and need careful consideration and, if done correctly, can add significant value to your home. This guide from London estate agents Lawsons and daughters tells you everything you need to know before taking the plunge.
1) Make improvements that add value.
It can be tempting to completely revamp your home to fit in with the latest styles or make more space, but major renovations should be carefully be thought about in terms of attractiveness to potential buyers. The changes that can add the most value to a home include adding a conservatory (this can deliver an 80%* ROI- almost double the return you’ll see from a new bathroom suite) and landscaping the garden, which can bring 88%.* Overall, good renovations can add 33% to the value of your home, so choose wisely and watch your property price go up.
2) Choose a trusted, reliable professional
Unless you have the skills and experience necessary to do the job yourself, you’ll need to pick a reputable contractor who can undertake the work for you. Spend time doing your research online and go to trusted websites that give honest reviews of tradespeople- anyone can make up great testimonials these days, so don’t always believe what you read on a company’s website. Taking the time to do your research and find someone who can complete the job on time and to a high standard pays dividends in the long run- they may be more expensive, but they will almost certainly add greater value further down the line.
3) If you’re thinking of selling, pick a neutral colour scheme
This may sound like an obvious statement, but you’d be surprised how many home owners undergo a major refurbishment or redecoration that’s specific to their own very individual tastes. You may want a house that’s purple inside and out, but not many other people do. Neutral tones are always advisable if you’re thinking about putting your property on the market in the near future, and can make your home look bigger and more inviting.
4) Consider the effect on your life
A loft conversion can be a wonderful thing, but any major refurbishments are also hugely disruptive to family life. Get a clear idea of how long the project will take and consider any adjustments you’ll need to make throughout the process. You may need to invest in a portaloo, sleep in a separate room or make alternative arrangements for children and pets. Planning ahead saves time, stress and money, so always be clear on how any renovations will impact on your life and find a way to make them as smooth and pain free as possible.
Paramount Properties said “Home improvements and renovations can add significant monetary value to your home. With the average loft conversion delivering a 50%* ROI, it’s a great way to plan for the future.”