A lot of home renovations do not add value to the house, particularly in a down market. Indeed, a number of home remodels can detract from the asking price if an owner decides to sell. Meanwhile, some projects can significantly add value to a home. Consider the following tips when you are looking to undertake a house renovation in London.
Remodel the Kitchen
The kitchen serves as a home’s heart. That is why updates in such room pay off. A kitchen remodel will allow you to recoup at least 60% of your investment, given that you do not go overboard. You must avoid making your kitchen fancier than other parts of your home.
An enormous kitchen, which is the size of the living room, feature countertops and appliances which might appear more at home in a fancy kitchen of a restaurant. The quality, size and style of the kitchen do not suit the rest of the home or even the neighborhood. In case you will sell your house in the future, keep possible buyers in mind before investing in a major remodel.
Add a Bathroom
If there is only one bathroom in your house, you can recoup a huge chunk from your investment by adding another bathroom. In terms of finding a space in the house for an additional bathroom, consider the underused spaces or extra rooms. Also, think about other spaces like areas under the stairs and closets. For a half-bath, you need a minimum of 18 square feet. A full bath which includes a stand-up shower requires a minimum of 30 sq ft. For a bathroom with a bathtub, you need at least 35 sq ft. As with any home improvement projects, the cost of adding a bathroom depends upon the kinds of accessories and additions you wish to use and each item’s cost.
Reinvent a Space
It can really be expensive to add more square footage to your house with a new room. While it’s possible to recoup some of the investment, the costs of the project can become out of control as contractors and homeowners run into unexpected issues.
To save money, consider reinventing an existing room in the house. Convert the attic into a bedroom or finish the basement. Also, you can add small apartments over or in the garage that you can rent out as a room.
Use Energy-Efficient Windows
Buyers nowadays shop for houses with energy efficiency in mind. They don’t want old-drafty windows with single pane. Adding Energy Star-rated windows allows you to save money in cooling and heating costs as they make your house more energy efficient.
Add a Deck
A deck addition increases your home’s value. Outdoor living spaces today have become more desirable as a lot of people stay in the house of a relative or friend for vacation. Making your deck or backyard more appealing makes your house more appealing to possible buyers if you decide to sell the property.
Stewart Naish is Project Director at TC&D Construction. As a highly experienced and skilled property refurbishment professional, he shares his wealth of knowledge and insights into the world of interior design and fit out for both residential and commercial property renovations on Twitter @TCDConstruction