What Are The Most Important Renovations To Add Value To My Home?

Are you into the house flipping business? Or do you want to sell out your old house but want to earn big bucks out of it? In both cases, you must be aware of the importance of house renovations and how they add value to any property. However, there may be cases where people would be spending grands on house renovations only to know later that all their efforts and money have gone down the drain—not all renovations add value to a property. Some are useless while others impact negatively. Therefore, it is essential to know all the nitty-gritty of this oh-so-rewarding business. We want you to make informed choices and make the best of your assets.

Scam alert: stay away from all the false makeup renovations. They are the ones that are to hide major flaws in the property. Be clear and straight.

There is a basic formula to keep in mind while going for house renovations. How much will you spend and what will you get in return. Remember, in any case, the latter needs to weigh more or at least equal.

How To Go About House Renovations And How Much Value Do They Add To The Property?

Consider the following table.

Kitchen upgrade: if you want to add excellent value to your house go for a kitchen upgrade. Perhaps the kitchen is one place that everyone is keen to consider while buying a new place. However, only an appliance upgrade will cost you a lot and will not add much value. On the other hand, basic cabinet and tile upgrades will only add 2-3% value to the property. We would advise you to go for an overhaul upgrade. It will add around 10% value to the property.

Bathroom renovations: after the kitchen, it is the bathroom that gets major attention from house buyers. Replace your old, damaged, or outdated bathroom furniture and accessories. They promise up to a 4% increase in the property value.

Loft conversions: if you wish to add space to your property without compromising on the existing structure and space, go for a loft conversion. The returns on this renovation may look narrow but when talking in numbers, it can add an entire bathroom and en-suite bathroom to the property increasing the property value by 16%. Woohoo, that is some lucrative investment.

Eco-Friendly upgrades: considering how everyone around the world is going bananas over sustainable and eco-friendly products, giving your place an eco-friendly upgrade may add substantial value to it. New boilers, energy-saving lighting, double glazed glass, and upgraded appliances can add around 10-12% value to your property.

Landscaping: this is perhaps the most important albeit overlooked attribute of a property. When buying a house, an immaculate and lush green garden is sure to attract the masses. It also successfully increases the property value by 3%.

Our opinion: the above-mentioned pointers are just a few from a long list. These are to give a clear idea of what renovations may bring good value to the property. If you are interested in buying property, you must consider the best dealers in the market. Impala developers is one such name; tested and trusted for years.